Founders Unfiltered Episode 38:
Gaurav grew up in a family that operated a large apparel business. Seeing his Dad grow the business had sown the early seeds of entrepreneurship in him. He worked in the family business for 6 years during which he witnessed the complete business journey - From IPO to an exit to a PE firm.
He decided to take a break and went to do an MBA at Stanford where he met his co-founder Shashank. The two had complementary skill sets and were clear they wanted to start a business together but didn’t know what. After graduating, they returned back to India and started searching for business ideas.
They had close to 40 ideas ranging from a ride-hailing service to QSR restaurants. Over the course of a year, they dug deeper to test each idea and narrow it down on one. They evaluated ideas on 3 important parameters - The Scale of the problem, Can Technology be used as a differentiator, and the Impact generated. SME financing was something that ticked all 3 boxes.
In 2013, they started Capital Float to solve the problem of SME financing. Today Capital Float has expanded its offerings to also serve consumers through Buy Now pay later and Personal Finance solutions.
For more details visit: ajuniorvc.com/podcast/
About the Hosts :
Aviral Bhatnagar is a VC at Venture Highway and is the Founder of A Junior VC. He started the A Junior VC Newsletter in 2018 after observing whitespace in conversations in the Indian Venture ecosystem. He completed his B. Tech from IIT Bombay and MBA from IIM Ahmedabad.
Mazin Biviji is a Product Owner at Agoda and a founding member of A Junior VC. He previously worked at Deloitte as a Senior Consultant. He completed his MSE and BSE from the University of Michigan and his MBA from INSEAD.
Join us at ajuniorvc.com/community/ to be a part of an exclusive community and grab the opportunity to question and hear our guests live every Sunday.
Timecodes:
00:00 - Intro
01:03 - Early Days & Family Business
03:17 - Learnings From Family Business
04:47 - Experience Starting Up
07:06 - The 'Buy Now Pay Later' Model
08:56 - 'Buy Now Pay Later' & COVID Effects
11:08 - Indian Household Finances
12:44 - The Capital Float USP
15:39 - Markets vs Models
17:21 - Metrics To Look After
20:08 - Evaluating Your Customers
21:36 - Managing Non Performing Assets
23:08 - Future Plans
24:36 - Teams & COVID
26:40 - Unfiltered Feedback
28:31 - Outro
Негізгі бет Rise of Buy Now Pay Later : ft. Gaurav Hinduja of Capital Float | Fintech | Walnut
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