Visit to Gurgaon Office by Delegation of 11 Korean Companies and Officials
BalanceHero, a Korean fintech company that has entered the Indian market, announced on the 4th that the Ministry of SMEs and Startups visited its local office in Gurgaon, India, on the 2nd (local time) to share success stories and know-how of K-Startups.
This visit took place ahead of the large-scale startup event "Startup Mahakumbh 2025" held in New Delhi, India. The Ministry of SMEs and Startups dispatched a Korean delegation consisting of 11 companies to support Korean startups entering the Indian market.
Suparno Bashi, COO of BalanceHero (left), is having a conversation with Jo Kyung-won, Startup Policy Officer at the Ministry of SMEs and Startups. BalanceHero
The visiting group included Cho Kyung-won, Director of Startup Policy at the Ministry of SMEs and Startups, officials from related departments, and members of the Global Cooperation Team from the Korea Institute of Startup & Entrepreneurship Development. They directly reviewed BalanceHero’s success stories and global expansion strategies and discussed future support plans.
BalanceHero is a digital financial service provider offering microcredit services to approximately 1 billion low- and medium-credit individuals in India, based on an artificial intelligence (AI)-based alternative credit scoring system. Its average sales growth rate over the past five years has reached 100%, with annual sales of 144.2 billion KRW recorded last year.
A representative from BalanceHero stated, "We hope that not only the domestic startups participating in Startup Mahakumbh but also more companies will seek new opportunities in the Indian market and jointly expand the influence of K-Startups and K-Tech."
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