The first time The Ken meets the founder and former CEO of Loylty Rewardz, Bijaei Jayaraj, it’s at a popular coffee shop in Powai, a suburb in Mumbai once known for being home to the city’s startup ecosystem. He wells up when he recounts what happened in January. “They popped champagne, and my son sat … Read moreLoylty Rewardz and the perfect exit
Demand has been a thorn in the government’s side ever since it launched demand-side incentives under the Faster Adoption and Manufacturing of Electric Vehicles in India-I scheme (FAME-I). Under FAME-II, the government rejigged the subsidy structure and introduced import duties on core battery parts (The Ken has written about this previously). The intention was to … Read moreUnderstanding the complex chemistries
At a recent startup event, Kunal Shah, the founder of the credit card payment platform CRED CLUB (CRED for short), was asked about how he raised so much money. “I am able to raise money now because of past success,” Shah responded. Growth of the online recharge business Few will dispute this contention. After all, … Read moreCRED’s uncertain path from credibility to confidence
Consumer financing especially becomes vital at the time of a slowdown as it encourages people to spend more. Importantly, it also makes these people likely candidates for future credit. Having seen Non Performing Assets pile up on account of corporates defaulting on loans, banks can’t get enough of retail loans. Take Yes Bank, for instance, … Read moreBanks enhancing the flexible nature
“We have a situation where the Indian telecom sector may not see investment in capital expenditure (capex) in a sector which contributes anything from 4.5-6.5% of GDP,” said Rajiv Sharma, head of institutional equity research at SBICAP. This will hurt the government, which is already fighting an economic downturn. Not to mention it will have … Read moreDo we always get the things that we want?