Co-founder & CEO @JarAppHQ .. Building Jar with @misbahspeaks and a fantastic team. ಇಡ್ಲಿ ವಡೆ ಕಾಫಿ.. ಲೈಫ್ ಇಷ್ಟೇನೆ आनो भद्रा: क्रतवो यन्तु विश्वतः
BharataVarsh
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Nishchay retweeted
To bust the myths around UPI and the recent MDR framework, Startup Policy Forum took to the front pages of national, regional and business dailies today to share its thoughts, alongside a cross-section of founder voices from across India's fintech ecosystem.
Do read!
@UPI_NPCI @dilipasbe
@DFS_India @FinMinIndia
@amrishrau @BipinSingh @UpasanaTaku @_SambhavJain_ @sumeetsingh29 @nathani_satyam @ptl_bhavin @agNishchay
@PineLabs @bharatpeindia @MobiKwik @JarAppHQ @FamAppByTrio @otpless @gullakmoneyapp
@SPF_India
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Whatever we do, we do it for family.
Because the reason to save is always bigger than yourself.
#StoriesOfChange
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I predict the number of UPI transactions will only go up…
Indian merchants and consumers have mastered the art of saving money. Put an MDR above a certain transaction value, and they’ll simply split the payment into two transactions to avoid the fee...
Bought dry fruits from Dwarka market this evening. Bill was Rs.2290/=.
Paid by UPI.
Asked the shop owner how much will i pay for the same goods after the UPI MDR kicks in?
He said Rs.2290+0.4% of 2290.
I said the MDR is to be paid by u
He laughed & said in Hindi "are we morons?"
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Nishchay retweeted
Doing the 'harder' thing by building our own scooters for the gig economy is paying off. We've been PAT positive for 6 months. EBITDA over 25%. On track to scale 4x in ~12 months. User-centricity is always the way to go. Spoke to Aditi Srivastava about our business & what works.
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Nishchay retweeted
18 months. 18 best-ever months at @CautioTech 🫶
Revenue 4.4x YoY. Burn down 58%. Churn at ~1%. Marketing at almost 0.
Last year revenue paid for 1 out of 5 rupees we spent. Today it pays for 7 out of 10; few Qtrs away from being cash flow+. This is the first time the road looks flat :)
Five months into the year, we've done more revenue than all of last year w/ Same office. Same team size.
The best growth hack we found: make the product so obviously pay for itself that the fleet owner sells the next one for you 🧿
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Nishchay retweeted
The footpath near my society at Koramangala has been broken since years!
I complained to BBMP, sent email to GBA, raised ticket and chatted with their WA helpline but got no response.
Finally, decided to fix it myself.
It costed me Rs. 2700 including labor charges and the cement to build a ramp.
Parents with stroller and senior citizens on wheelchair can use it conveniently now.
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Language isn’t the barrier. The real barrier is trusting yourself to make the right choice…
Users hesitate because they worry about the cost of reversing a decision, the pain of going through the process if they change their mind, and all the unknowns that come with making the wrong move…
That uncertainty keeps people away far more than language ever will…
The sooner we innovate the product construct around confidence, reversibility, and control, the sooner we unlock the next set of users… The product shouldn’t just help people understand what to do..it should make them feel safe enough to act…
I think we all dream of a day when Indians can walk into bank branches or insurance offices or any financial services office and confidently speak in the language of their choice.
The potential for Voice AI for me is to serve the common Indian who has for years perhaps been anxious about asking questions, for the fear of not being able to communicate except in the language he or she knows.
TAM being 50k cr or 10k cr is irrelevant in my opinion. What we should be really focusing on is the way institutions should think about utilising the technology to truly serve more customers better. And that means giving local branches the ability to share feedback about their observations. Figuring solutions that are bespoke for each region. Doing the things that dont need to be top down. I hope this is the chase.
And to all the folks using voice AI for spam calls, do better guys. 😬
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Using AI all day is similar to surfing the internet all day in the 2000s. It’s a hobby and a way to pass the time. It gives you the feeling that you’re learning and a sense of progress, but for the majority, nothing fundamentally changes…
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If your team is willing to AB test the coffee machine UI, you’re probably hiring the right people… 😂
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Infosys backed OpenAI..
Calling Skyroot "Singapore backed" because Singapore's sovereign wealth funds (GIC & Temasek) are investors, kyun hi ye sab karte ho...:((
By that same absurd logic, SpaceX is "Middle East backed."
The sovereign funds of Singapore did not design the solid-propulsion stages, they did not write the guidance software & for sure they are not the 1s standing in the cleanrooms in Hyderabad.
The rocket was entirely conceptualized, built & integrated by former ISRO scientists & young Indian engineers. Capital is just fuel; the engine is 100% Indian.
Thoda to proud feel kijiye apne desh pe bhi 🙏🙏
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Looking for an EA..
I’m writing this using GPT.
Ideally I would have taken time out to think and write this myself.
But that’s exactly why I need an Executive Assistant.
We’re hiring an EA.
If you:
• Love managing chaos without looking chaotic
• Can protect a calendar like it’s national infrastructure
• Enjoy coordinating with CXOs, investors and people who say “let’s do this next week” make them do it this week.. :)
• Can handle travel plans that change mid airport
• Have taste when booking restaurants
• And don’t panic when things move fast
Use ChatGPT for rest of job posting..
Reach out to Benoy Samuel Mathews at benoy@changejar.in for more details..
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