Why is Finology Based In Raipur?

Because this is where we started.  And we didn’t find a single good reason to leave.

We were often told: 

•  “Go to Bangalore.”

•  “Hard to find talent here.”

•  “Startups don’t grow in small towns.”

But we thought, if the intent is right, why not Raipur? So we stayed. We hired locally and built quietly. And somewhere along the way,

• 2 crore investors started using Ticker every quarter;

• Thousands of investors chose Finology 30 to build their portfolios;

• And a small team in Raipur built tools that now serve investors across the country.

How Raipur Made Us Stay

Turns out, we didn’t have to go far to find what we were looking for:

The right people were already here.

We met people who were eager to learn, ready to work, and didn’t carry the usual big-city baggage.
So we built around them.

Today:

• 90% of our team is from Chhattisgarh

• 95% are under the age of 30

• Most have grown with the company and stayed

That kind of long-term commitment is rare in high-churn metro setups. Raipur made it possible.

We didn’t need a big city to find a big market.

Chhattisgarh has a population of over 3 crore. That’s more than:

• Singapore (~59 lakh)

• Israel (~95 lakh)

• UAE (~1 crore)

If these countries can become global hubs for finance, tech, and innovation, why can’t we build something from here?

This state isn’t short on potential; it’s just short on narrative. And we’re on our 7th year of changing that. 

What This Means For Us

Operating from Raipur gave us practical advantages:

• We could hire without competing in inflated job markets

• We kept office costs low, which helped us stay bootstrapped

• And we weren’t caught in the “grow fast or get forgotten” mindset that often drives startups in metros.

Warren Buffett stayed in Omaha not despite the distance from Wall Street, but because of it.

We chose Raipur for the same reason. We had space, literally and strategically, to think long-term, build profitably, and focus on what mattered.

Why It Matters Beyond Us

We’ve been able to create an impact that goes well beyond our business:

• We curb brain drain by giving local talent meaningful work, close to home.

• We ease pressure on overcrowded cities by building opportunities elsewhere.

• We retain tax value within the state, boosting the local economy.

• We bridge the education–industry gap through internships and training.

• And we foster diversity, with over 60% of our team being women.

Staying in Raipur was never a compromise for Finology; it was, and is, a commitment.

This Place >>> Displace

We stayed because this place is the point. And we’ll continue to build here, for the state, for the country, and for every dreamer who thinks small towns can’t do big things.

After all, you don’t have to move out to build something meaningful. Sometimes, the smartest thing you can do is stay where you are and start.