Скачать или смотреть Indian Startup News Ep 130: Slice's Big Pivot after RBI crackdown

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This week in Indian Startup News, Slice changes business model after RBI crackdown on fintech, Cars24 see high level exits, Ola Electric's big push into Batteries.

In Founder Spotlight, we have the founder and CEO of Paytm, Vijay Shekhar Sharma - who took a big bet on lending part of the company and now it seems to be paying off big time.

In Funding news we have, Niyo, Eka care, Fitterfly and 12 other Indian startups raise more than $1 Million.

00:00 Introduction
00:13 Slice's Big Pivot after RBI crackdown
02:40 Sponsored Segment
04:08 Founder Spotlight
06:03 Bird's Eye Segment
07:31 Cars24 see high level exits
08:12 Ola Electric's big push into Batteries

Slice's Big Pivot after RBI crackdown: RBI had last month given a big shock to fintech startups when it barred them from loading credit lines into prepaid payment instruments (PPIs) and wallets, and it made many of these fintech startups rethink their business model entirely. Fintech unicorn Slice has announced a big pivot in their business model going ahead. What Slice has decided to do is they have launched a feature called ‘Purchase Power’ and they will be analyzing your credit worthiness in real time. It is similar to what companies like ZestMoney do. They don’t give you a fixed credit line which you can spend anywhere at your leisure, they give you real time term loans and also provide proper loan documentation. (https://www.moneycontrol.com/news/bus...)

Founder Spotlight - Vijay Shekhar Sharma: This week for the founder's spotlight we have Vijay Shekhar Sharma, who is the founder and CEO of Paytm. And the reason we are talking him this week is because the bets that he took with Paytm in last one year are showing great results for the company and now it seems Paytm has found a path towards profitability. When Paytm wasn’t seeing growth in any of it’s verticals, that’s when Vijay decided to go all in in the lending space. For the first quarter which ended in June 2022, Paytm’s loan disbursement increased 9 times compared to last year. (https://yourstory.com/2022/07/fintech...)

Funding this week: This week saw at least 15 Indian startups raising more than $96 Million.
Fintech Sector - Niyo raised $30 Million
Healthtech startups - Eka Care raised $15 Mn
Edtech startups - Creative Galileo raised $7.5 Million

High Level Exits at Cars24: Company’s Global CTO Jitendra Agrawal announced his leaving earlier this week and now according to sources quoted by Inc42, it’s business head Kingshuk Sanyal and chief HR officer Mrinal Sinha will also be leaving the company soon. Earlier the company had in the month of may, laid off more 600 employees. (https://inc42.com/buzz/after-layoffs-...)

Ola Electric's big push into Batteries: Last week Bhavish Aggarwal, had unveiled India’s first indigenously built lithium-ion cell and now the company has announced plans to build a Battery Innovation Center in Bengaluru. Company will be investing $500 Mn for this and it will have capabilities to develop complete packages of battery pack design, fabrication and testing under one roof. (https://www.livemint.com/companies/ne...)

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