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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Having survived the exit of all its founders, the PoS startup now seems to find itself in the interesting position of having free rein to build a profitable business.
Editor's note: Two points to ponder: ● Is it easy for anyone in the startup ecosystem to put their head down and keep building a slow-growing fintech business when their biggest competitor is swallowing every funding opportunity available in the market year after year? ● How many startups have you seen where the founders have quit—without a sale/exit or a fight and an ouster—and what are the chances of success of such a company running along in the personality-driven startup ecosystem? The company was Chamath Palihapitiya-run Social Capital’s first investment in India—Ezetap. The third-largest company in the point-of-sale payments business has had a rocky ride since it started in 2011. It was once a hot property, raising funds just 18 months after launch from Palihapitiya—the famous smooth-talking billionaire venture capitalist and former Facebook executive—who also brought in other big-name investors, such PayPal co-founders Peter Thiel and David Sacks. Over the years, it raised around $51 million, but the funding slowly dried up, and Ezetap’s last major round was in 2017. The company’s initial claim to fame was designing and launching …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
The payments firm had a ‘record’ quarter without making any significant headway in its businesses.
