my 3 year old Quora answer to the things which are unfolding at JFS/Jio/Reliance - https://qr.ae/pKnyiB
couple of things are a reality today and some are unfolding
@kingzeusvj Funny thing… I read “my 3 year old” as your SON.
So I assumed your son is a prodigy for giving answers on Quora.
Reading between the lines - - - Fintechs are advised to understand Gen Z’s shift away from traditional banking & credit cards; and desire for social and fun financial interactions to capitalize on this consumer segment.
I am from Ahmedabad and I have seen how on each big and small store wafers were only Balaji at one time; though things are changing and now we have Bingo, Lays and Parle (with Haldirams at some stores).
Balaji had become synonymous to wafers, similar case is with Diamond in MP and Rajasthan.
Who’s laughing all the way to bank
What is surprising is that they pulled off such scam and 2 of them are out there supposedly building something new?!
I am sure hand in gloves. Because not finding such anomalies during DD is surprising, and on top of that how one can scam investors every quarter…
“In 2023, only one startup, Zepto, achieved unicorn status, and many late-stage funding rounds fell short of reaching a $1 Bn valuation”
Seems to be a step in the right direction at least for the company. The backlash the decision has faced is immense