What will happen to these startups who allow gold investments now? 😂
I've worked in fintech before. I can say that this will not have the impact that you think it will have. RBI might impose restrictions but they won't cutoff any business completely. Moreover Jar and Rupeek are just peer-to-peer products. They just connect banks and customers to disburse loans. That's it.
Even if RBI imposes restrictions these startups will be prepared for it and will comply to new rules.
The thing that happened with Paytm payments bank is extremely rare.
Eventually Google Pay will take all the market cap Phonepe can at a certain stage compete with them but I don't see any other apps even near this two
Even Cred? Interesting
Jar does not do gold loan.
really what're the implications of this /?
Jar has kinda pivoted to become a jeweler of some sort. They started this thing called nek jewels.
RBI don't want new age companies. So much for digital India.
This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.
This has been going on for quite some time and they recently did some lay...
I recently interviewed at Jar, and the team passed the vibe check. The folks seemed smart, hard working and growth driven.
What are your opinions on the future prospects of the company, from what I have heard they are eye-ing for an IP...
https://anonymfile.com/NEEXl/tiger-global-draft-of-new-yorker-story-doing-the-rounds-in-nyc.pdf
TLDR: Tiger Global may pass soon.
A few summary points: - LP risk is over exposed to VC funds (Tiger, for these LPs) - Tiger has had abysmal investment...
I raised $10m+ from Lee Fixel years ago. It was a done deal after a 20m phone call. They did no DD themselv...
Their portfolio in ’21: Pristyn Care, Slice, Upstox, Spinny, No Broker, Mensa Brands, CoinSwitch Kuber, Vedantu, Apna...
