Please rate my startup idea out of 5

Please don't think about startup ideas when you are UI/UX designer

Isn't this squid game concept?

1/5.

Id nirmala thai send ED team for taxes, you will be in jail with debts!! 😛

This will only increase debt for people who are already in debt. Appreciate the thinking, but I don't think it's a good idea.

I feel you need to provide more details. But I am sure you will run into lot of regulatory issues here. Also lot of details need to be thought through: How will you monetize this? They might have debt in say X bank, how will you add on the debt? How will you validate their current debt? How will you determine how much id debt to be cleared for an individual....the list is endless.

Can't rate it at this stage, in my view. 🐵

don't call it a betting app, it would be illegal in india and higher chances of getting shutdown with one SEBI/RBI guidelines

Bhai tu engineering me hi thik hai, please dont think about business ideas

You mean Mukesh Ambani (who has a huge debt) will come to this App and bet !! How much money should he put on the table? And who else is pooling money and betting against Ambani's luck?

Or

Let's say someone has an EMI of 5 lakh per month ... He will come and bet .. what % of loan amount has to be put on bet? Who will pool money against this bet... And why?

Let me rephrase the model which aims tk make money as a business and not distribute money If they win, they play more and more till they reach more debt If they lose, more debt

Finally more debt, more customer sucdes leading to business closure.