Key Points
Two of its biggest names, Paytms Vijay Shekhar Sharma and Byjus founder Byju Raveendran, face whats arguably an existential challenge to the businesses they have built...
Rock star founders | Having had a ringside view, its fair to say that Sharma and Raveendran epitomise the solo, alpha, go-for-broke founder the technology world prizes immensely..
While the reset in technology industry is underway and the funding squeeze continues, the near-collapse of Paytm Payments Bank and Byjus is reflective of how lack of governance, compliance and transparency and a culture which side-steps these critical issues can run you down...
Dont forget the successes | Paytm and Byjus are not the only two companies that define the past 15 years of Indian tech and startup industry..
Basics matter | If entrepreneurs and startups focus on compliance, control and governance from the beginning, and are given the time to grow in a manner feasible for India, there is a lot that can be built meaningfully..
You might be interested in
No NCLT stay on Byju's Friday EGM; reality check for laid-off startup CXOs
28, Mar, 24Four investors — led by Prosus — moved the NCLT, seeking a stay on the planned EGM to effectively block the rights issue. The matter will now be heard on April 4.
Vijay Shekhar Sharma: Can the whiz-kid from Aligarh rock again?
08, Feb, 24Vijay Shekhar Sharma, the founder and CEO of Paytm, has built the company from a startup to India's biggest mobile payments company. However, a recent regulatory move by RBI banning Paytm's payments bank for violations has put the company's future at risk. Sharma's focus on growth and big numbers may have led to regulatory compliance issues, but his determination and resilience may help Paytm survive this setback.
Board-founder brouhahas: Lessons from the OpenAI-Sam Altman saga; and other top tech, startup stories this
25, Nov, 23The entire tech world was glued to the drama as we followed the events unfold on Elon Musks X ( formerly Twitter). Props to the US tech press, which covered every aspect of this story, non-stop.
Investors want Byju out of Byju's, revamp of board
02, Feb, 24India Business News: Major investors of edtech startup Byju’s are seeking a revamp of the board and removal of the founder and CEO, Byju Raveendran. The investors have issued a notice for an extraordinary general meeting to address concerns regarding corporate governance and mismanagement. Learn more about the current situation at Byju's.
ED probe into Paytm on horizon; Vijay Shekhar Sharma knocks on FM’s doors
07, Feb, 24Paytm founder and chief executive officer Vijay Shekhar Sharma Tuesday met finance minister Nirmala Sitharaman in the backdrop of the banking regulators action against the fintech firm. He had met top RBI officials on Monday. A comprehensive investigation could be initiated in view of the reference after ascertaining relevant details, said one of the persons.
Paytm unveils fully indigenous technology-powered upgraded payments platform
25, Mar, 23The fintech company's upgraded platform is designed to facilitate fast, secure, and seamless payments, and is capable of handling up to 10 times the current scale, according to a company statement.
Paytm to become free cash flow positive by the year-end: CEO Vijay Shekhar Sharma
22, Jul, 23During the April-June quarter, Paytm narrowed its loss to ₹357 crore which was a sharp decline from ₹6,444 crore in the corresponding period last year
Byju’s founder Byju Raveendran pledges homes to raise funds for staff salaries
04, Dec, 23Two homes owned by the former billionaires family in Bengaluru, in southern India, and his under-construction villa in Epsilon — a plush gated community in the city — were offered as collateral to borrow $12 million