Start-ups: What not to do is more important, says Paytm vice-president Abhishekh Arun

Lack of services in spite of a huge financial network led to the concept of Paytm (Pay through mobile), he added.

By: Express News Service | Mumbai | Updated: November 30, 2016 12:24 pm

“What we want to do is not the real issue. What is more important is to know what we should not do. This is the aspect every new entrepreneur setting up start-ups have to be mindful of. We may have solutions to all the problems in the world, but we have to cater to the requirement of the customers in the arena we have chosen.”

These were the observations of Paytm vice president Abhishekh Arun at the two-day programme under Badalta Maharashtra titled ‘Parv Start-Up Che, Celebrating start-ups.’

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The popular Marathi newspaper Loksatta on Tuesday hosted the two-day event to encourage generation next to enter the world of start-ups. It was felt necessary because India has the largest potential for start-ups, but youths striving to make inroads in the venture also need an important message on how to tackle the challenges.

On the first day of the session ‘Amche Startup Che Diwas’ — Our Start Up Day — participants Mihir Karkare, Utsah Khare and Shrikrishna Bharanbe narrated their experience on how they coped in the field. One important aspect discussed related to pattern of funding, seed capital, venture capital and crowd funding. How to mobilise funds and channel them successfully was discussed by Shailesh Ghorpade and Satish Kataria. Ravi Tyagi informed about the government aspects in start-ups.

According to Arun, “The Paytm success is because of its commitment and services to the customers, which has earned goodwill.” Lack of services in spite of a huge financial network led to the concept of Paytm (Pay through mobile), he added.

Loksatta Editor Girish Kuber made the inaugural speech at the conclave. Wednesday’s session is titled ‘Start-up Suru Karna.. (When You Start a start-up)’. The concluding session on Wednesday will be attended by CM Devendra Fadnavis.