Meet the millennials who brought stock trading to the e-learning space

Havenspire, a start-up co-founded by two youngsters in their college dorm is now India's largest E-learning platform for Stock Trading. It is a community-based stock trading training startup that helps people learn to trade and makes them expert traders in the stock market. While there are many e-learning platforms coaching students on academics, here are two youngsters, Ritvik Vipin and Akash Jayan, whose e-learning startup aims at filling the financial education gap in the Indian education system.

These youngsters, during their days at the campus, had realized and demonstrated the potential of financial knowledge in liberating oneself financially. They just not only learned how to trade right at the stock market but also started helping many students understand the nitty-gritty of trading. And that's how the foundation for Havenspire was laid. These two youngsters have now set out to help others craft their success stories in stock trading.

Now 23-year-old, Ritvik Vipin, joined VIT as a mechanical engineering grad to pursue his career like any other student out of their 12th standard. Though he was aware that stock trading was a way of making money easily, his passion for stock trading took its shape during his engineering course. He spent several years watching YouTube videos, trying to learn ways to trade and got into the hobby too deep As an engineering student at VIT, his flexible timings were a brownie point for him to invest time in learning stock trading and eventually become a master in it.

"I spent long hours trying to learn the tricks of stock trading on YouTube. Though they seemed real initially, I always ended up in losses. Soon I realized that experience was a better teacher than YouTube video lessons. Then I started to learn stock trading through the trial and error method. It was from then I saw real growth and started making profits," says Ritvik.

His craze for stock trading had taken such deep roots that Rs 7,000 his parents used to send every month for his expenditure, he would spend as much as 90 percent of it on trading. It didn't take too long for him to start making profits. He had earned about Rs 7 lakh in a matter of six months and also lost Rs 1.2 lakh in a matter of one day. He soon realised that his space at the hostel wasn't enough for his level of passion. So he moved into his own place and set up one whole room specially for stock trading activity. His roommate Akash Jayan (23) who shared the same passion joined hands with Ritvik and co-founded Havenspire in January 2019 which was eventually incorporated on December 13, 2019. "Before Akash came into Havenspire, it was really hard for me to run the company alone. Akash made everything organised and structured," Ritvik recalls.

Akash Jayan, CEO of Havenspire, and an engineering graduate has been a constant support to Vipin in running the business. Akash like Ritvik also spent a lot of time understanding stock trading and balancing his studies. After completing his engineering from VIT Akash Joined KPMG as a risk analyst. However, his heart and soul were in stock trading and he left his cushy corporate job to build Havenspire which is now India's biggest e-learning stock trading platform.

His family that came to know that he quit his job after he revealed a month later, stood against his decision except for his father, who knew the decision had already been made. Now that everything is going well, everyone is happy.

These two students of VIT who built the company from the scratch have now built a team where almost everyone is their classmates from VIT. The company has 28 employees out of whom 25 are below 24 years of age.

"Indian education system doesn't teach about managing your money, investing for your future, where to invest, etc... it's a commonly known fact that if you wish to get rich, you gotta learn to invest, I experienced this when I had some extra money with me and had no clue what to do with it. I ended up spending it on unnecessary things while I could have used it to make more money," says Akash.