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The average grapeviner makes more than a neobank.
A good product idea but none is the founders of the Indian neo-banks are visionary. I doubt the competencies for some of them to be good hires!
A little sad such a concept did not take off in India. Strongly feel the neobanking could have made an impact if only the founders were not doing things like some headless chickens.
VC’s are also becoming very subservient in the interventions of these portfolio companies performance. Matlab kaise bhi ho chaltha hey types.
@Thewitcher I guess the founder of Jupiter was also the co-founder of PayU, a very successful company IMO
Homie caught them in 4k
Neo banks will never make sense in India due to a) regulatory inconsistency b) too high CAC c) too high tech cost as you need your product to be better than banks d) too less revenue % as most taken by banks. It is a mirage for VCs but slaughter house for startup’s.
710 million valuation or 40 lakh in 2022 wtf
Handa ne phoda bhanda
Good now can they also stop finance by sharan ads on my insta, super annoying while watching 'lappu Sachin' reels.
I belong to middle class, and proud of my dad. With limited knowledge and resources whatever he did, was commendable. Managed to get us in good school and college, now when earning in six digits, I don't think it's poor money choices!!
Lmao!