Sagarmatha: India's Unified Wealth & Credit Fintech Platform

CONFIDENTIAL — INVESTOR DECK

SAGARMATHA

The Investment

Thesis:

Convergence

Trading · Investing · Wealth · Credit

Building India's Unified Financial Infrastructure for the Mass-Affluent & HNI Demographic · 2026–2028

Angel Investment Round · ₹2 Crore

Financial Infrastructure

MARKET CONTEXT

The Indian Fintech Opportunity

₹87 Trillion

Indian wealth management AUM by 2027

340M+

Mass-affluent & HNI investors by 2028

68%

of retail investors use 3+ disconnected apps

"The next unicorn will NOT be a single-feature app — it will be a consolidated, compliant ecosystem."

CAC has spiked. Regulation is now a MOAT.

Source: SEBI, RBI, BCG India Wealth Report 2025

SAGARMATHA

THE PROBLEM

SAGARMATHA

India's Investors Are Stranded Across Silos

Fragmented Apps

Separate apps for trading, SIPs, insurance, credit — no unified view

Rising CAC

Customer acquisition costs have spiked 3x post-2023 across all fintech categories

Regulatory Friction

KYC, digital lending, and compliance are barriers for small players — not compliant platforms

Credit Desert

HNI portfolios sit idle — no seamless margin lending or portfolio-backed credit products

The market needs ONE platform: compliant-by-design, built for wealth + credit convergence.

THE SOLUTION

One Platform.

Five Engines.

Infinite Possibilities.

Sagarmatha is a unified, compliant-by-design financial infrastructure platform targeting India's mass-affluent and HNI segments — blending wealth generation with high-margin credit in a single regulated ecosystem.

Sagarmatha App

Order Engine

Wealth & PMS

Trade & Margin

Compliance & KYC

SAGARMATHA

B2B2C Distribution

embedded finance partnerships as our growth engine

Low CAC via partner channels

High LTV through product cross-sell

PRODUCT SUITE

Five Engines. One Ecosystem.

SAGARMATHA SUPER APP

Unified client portal: personal finance, alt assets, daily portfolio tracking

Client Layer

ORDER ENGINE

Integrated Trade Management System with AI-driven algorithmic trading & risk management

Execution Layer

WEALTH & PMS ENGINE

Automated fund accounting, goal-based SIPs, institutional-grade PMS for retail

Asset Management

TRADE & MARGIN

Portfolio-backed margin lending & credit platform linked to trade execution

Credit Engine

COMPLIANCE & SURVEILLANCE

AI-native KYC, liveness detection, synthetic fraud & market manipulation detection

Infrastructure

Compliant by Design. Engineered for Scale.

SAGARMATHA

PRODUCT 01 — CLIENT LAYER

SAGARMATHA

Sagarmatha Super App

Your Financial Operating System

Unified personal finance dashboard across all asset classes

Alternative asset investments: real estate fractionalization & insurance

Daily portfolio tracking with AI-powered insights

Single sign-on across all five platform engines

From SIPs to fractional real estate — all in one place.

Portfolio

₹4,82,300

↑ 2.4%

My Holdings

Equity

Real Estate

Insurance

PRODUCT 02 — EXECUTION LAYER

SAGARMATHA

Order Engine

Integrated Trade Management System for Brokers & Dealers

Buy-Side & Sell-Side TMS

Full-spectrum trade lifecycle management from order entry to settlement

Algorithmic Trading

Strategy deployment with low-latency execution across multiple asset classes

AI-Driven Risk Engine

Real-time pre-trade and post-trade risk checks with configurable limits

Broker/Dealer Ready

White-label deployment for institutional brokers and dealer networks

TECH: React + Django + Redis + PostgreSQL

Zero Latency.

Maximum Control.

Designed for high-frequency, high-volume institutional execution.

PRODUCT 03 — ASSET MANAGEMENT

Wealth & PMS Engine

Institutional-Grade Portfolio Management for Retail Investors

Automated Fund Accounting

Real-time NAV calculation, reconciliation, and ledger management with SEBI-compliant reporting

Goal-Based SIP Orchestration

AI-driven SIP scheduling, rebalancing triggers, and personalized investment path management

Institutional PMS for Retail

Portfolio Management Services with discretionary and non-discretionary mandates, available from ₹50L

SAGARMATHA

₹AUM

Fee-based revenue engine

Management Fees: 1.5–2.5% AUM

Performance Fees: 10–20% above hurdle

Phase 1 Launch: 2026

PRODUCT 04 — CREDIT ENGINE

Trade & Margin Engine

Portfolio-Backed Credit Meets Seamless Trade Execution

SAGARMATHA

01

Proprietary Margin Trading Platform

Users leverage their Annapurna PMS portfolio directly as margin collateral — seamless, no liquidation required

02

Digital Lending Integration

NBFC-compliant digital lending against securities, mutual funds, and alternative assets

03

Real-Time Risk Monitoring

Automated margin calls, LTV monitoring, and collateral top-up alerts

NIM MODEL

Net Interest Margin

Lending Rate

12–18% p.a.

Cost of Capital

8–10%

Net Spread

4–8%

Phase 2 Operational Breakeven Trigger

Phase 2 Launch: 2027

PRODUCT 05 — INFRASTRUCTURE

SAGARMATHA

Compliance & Surveillance Engine

Regulation is Not a Hurdle. It's Our Competitive Moat.

AI-Native Underwriting

Machine learning credit models trained on behavioral, transactional, and portfolio data for real-time lending decisions

Continuous KYC + Liveness

Ongoing identity verification with video liveness detection — eliminates synthetic identity fraud at onboarding and beyond

Market Surveillance

Real-time trade surveillance algorithms detecting front-running, wash trading, and market manipulation — SEBI-compliant

SaaS Revenue Opportunity: License our Makalu KYC & Surveillance engine to smaller NBFCs and brokers

Phase 1 Launch: 2026 (Makalu)

TECHNICAL ARCHITECTURE

The Decoupled Stack

Zero-latency execution. Regulatory agility. Institutional-grade reliability.

SAGARMATHA

PRESENTATION LAYER

React + Tailwind CSS

Component-driven, responsive UI — web and progressive mobile. Institutional-grade UX.

BUSINESS LOGIC LAYER

Django (Python)

AI-native underwriting, real-time surveillance algorithms, complex fund accounting & ML integration.

DATA & CACHING LAYER

PostgreSQL

ACID-compliant ledgers, trade records, user balances

Redis

Real-time market data streaming, session mgmt, order routing pub-sub

INFRASTRUCTURE LAYER

Ubuntu · Containerized Servers · CI/CD Pipelines

High-availability, low-latency, security-hardened deployment.

EXECUTION ROADMAP

Three Phases. Compounding Value.

From compliance infrastructure to a full-stack financial super app.

SAGARMATHA

PHASE 1

2026

Foundation & Trust

Makalu (KYC/Surveillance)

Annapurna (SIP/PMS)

Regulatory licenses

GOAL: User acquisition + data pipeline

PHASE 2

2027

Monetization & Credit

Dhaulagiri Trade launch

Margin lending integration

NIM revenue model

GOAL: Operational breakeven

PHASE 3

2028

Super App Ecosystem

Sagarmatha Super App

Alt assets + insurance

Open API platform

GOAL: Maximize LTV + platform transition

Each phase unlocks the next revenue stream — compounding margin expansion.

PHASE 1 · 2026

Foundation & Trust

Focus: Wealth Management & Compliance Infrastructure

DELIVERABLE 1

Makalu

AI-native KYC engine with liveness detection and real-time surveillance. Acts as wedge product for B2B2C NBFC partnerships.

DELIVERABLE 2

Annapurna

Full SIP orchestration and PMS engine. Automates fund accounting and goal-based investing for retail HNI clients.

STRATEGIC GOAL

Acquire high-intent users through low-friction SIPs. Establish data pipeline. Secure SEBI investment advisory licenses.

SAGARMATHA

Revenue Model: Phase 1

AUM Management Fees: 1.5–2.5%

SaaS KYC Licensing to NBFCs

Advisory & Subscription Fees

Zero marketing burn via B2B2C partner distribution

PHASE 2 · 2027

Monetization & Credit

Transition from fee-based to high-margin NIM model

SAGARMATHA

Dhaulagiri Trade

Launch integrated trade execution platform with real-time order routing, multi-asset coverage, and broker white-label capabilities.

Margin Lending Integration

Portfolio-backed margin lending using Annapurna AUM as collateral. NBFC-compliant lending at 12–18% p.a.

THE NIM ADVANTAGE

Lending Rate

12–18% p.a.

Cost of Capital

8–10%

Net NIM Spread

4–8%

By lending against assets already held, we achieve superior risk-adjusted returns with minimal incremental CAC.

Strategic Goal

Operational Breakeven — transition from growth burn to self-sustaining revenue engine.

PHASE 3 · 2028

SAGARMATHA

The Super App Ecosystem

From Product to Platform. From Fintech to Financial OS.

Sagarmatha Super App

Launch unified client portal aggregating all 5 engines. Single financial operating system for mass-affluent India.

Alternative Assets

Fractional real estate investments and embedded insurance products — new high-margin revenue streams for HNI users.

Open API Platform

Third-party integrations via open API infrastructure. Transition from closed product to a regulated financial platform ecosystem.

Maximize Customer Lifetime Value by becoming indispensable.

Target LTV per HNI User: ₹2.4L+

LTV:CAC Ratio Target: 8:1

Platform Revenue Mix: Fees + NIM + SaaS

BUSINESS MODEL

Four Revenue Pillars

Diversified streams with compounding margin expansion across each phase

SAGARMATHA

01 · AUM FEES

1.5–2.5% annual management fee on PMS and mutual fund AUM. Scales directly with user wealth accumulation.

Phase 1

02 · EXECUTION FEES

Per-trade execution fees across equity, derivatives, and alternative asset transactions via Order Engine.

Phase 2

03 · NET INTEREST MARGIN

High-margin spread from portfolio-backed margin lending and digital lending via NBFC partnerships. 4–8% NIM.

Phase 2

04 · SAAS LICENSING

License Makalu KYC/Surveillance and Annapurna PMS engines to smaller NBFCs and brokers as a B2B SaaS product.

Phase 1–3

The flywheel: AUM growth → more lending collateral → higher NIM → lower CAC → more AUM

INVESTOR ASK

₹2 Crore Seed Round

Targeting Angels & Family Offices

40%

Product Development: Complete Makalu KYC + Annapurna PMS engine builds

25%

Regulatory & Compliance: SEBI licenses, legal infrastructure, RBI NBFC framework

20%

B2B2C Partnership Development: Onboard initial NBFC and broker distribution partners

15%

Team & Operations: Key hires in quant/risk, compliance, and backend engineering

Target CAC: Near-zero via embedded finance partner channels. No paid marketing in Phase 1.

Unit Economics

Target LTV (HNI): ₹2.4L+

LTV : CAC Ratio: 8:1

AUM Break-Even: ₹50 Crore

NIM Break-Even: Phase 2 (2027)

We are targeting investors who understand that infrastructure outlasts interfaces.

SAGARMATHA

WHY NOW · WHY US

The Convergence Is Happening Now.

01 —

CAC has spiked across fintech. Distribution-first platforms win.

02 —

Regulation is now a moat. Compliance-native platforms are defensible.

03 —

India's HNI segment is underserved. No unified wealth + credit product exists.

04 —

The infrastructure play outlasts the interface play. We are building infrastructure.

The next ₹1,000 Crore fintech will not be discovered — it will be built, licensed, and deeply embedded. We are building that platform.

Connect with us · sagarmatha.finance

SAGARMATHA

Financial Infrastructure

2026 — 2028