Abhishek Securities

  Harshil Mathur along with his friend from IIT Roorkee, Sashank Kumar started Razorpay with a very simple idea - improve payment experience for small and medium businesses and startups. In less than six years, the company has joined the likes of Paytm and Zerodha to become the fifth fintech unicorn—startup with over USD 1 bn valuation—in India. Has the journey been smooth? Of course not, as co-founder and CEO Mathur would say. “It took us about a year and rejection from some 100 bankers to get the first approval from a bank on our first prototype,” Mathur said in an interaction with  Entrepreneur India.  “There were times when we mulled over switching to e-commerce or similar sector where we just build an app and launch instead of waiting for somebody to give an approval.” So, what made the 20-something duo keep going? “The problem of a fragmented payments system for small firms and startups was too big to be left unsolved,” recalled Mathur. It is perhaps the r...

  Swiggy wasn’t the first entrant in India’s foodtech market, but it’s now a leading player in this business. So what’s the reason behind Swiggy’s quick rise to the top? The secret lies in its ability to blitzscale or to grow at an incredibly rapid pace, according to Vivek Sunder, chief operating officer at Swiggy. While speaking at this year’s  Tech in Asia Conference , he said that the problem Swiggy initially faced was how to expand to Tier 2 and 3 cities across India. It would take the company a month to expand to a new city, as it required significant resources and on-ground manpower to create tie-ups with restaurants and delivery agents. To Sunder, the solution was through the use of technology and crowdsourcing. “We were already a disrupting company, so I said, ‘Let’s find a way to disrupt ourselves.’ Which is, ‘Let’s create a team to disrupt the way the existing expansion team is working.’ We gave this new team a mandate that they have to recreate what has been done in...

  Supply chain  services provider  Delhivery  on Wednesday said it aims to create over 15,000 seasonal openings across  operations  over the next few weeks in the run-up to the festive season. The company is also geared up to handle 65-75 million packages in the upcoming festive season, which is almost a 100 per cent growth over the last year, it said in a statement. "Delhivery aims to create over 15,000 seasonal openings across operations over the next few weeks. The openings span over last mile, first mile pickups, hubs, service centres, including security personnel and drivers," it added. E-tailers like Amazon and Flipkart as well as  logistics  companies usually hire thousands of people in temporary delivery and support roles to handle the high volume of orders during the sale period. A report by RedSeer estimates that about three lakh  jobs  are expected to be created by various  e-commerce  and logistics companies...