Sunday, June 29, 2008

Update - Paytronic goes live!!

Hi everyone, for those who don't know, about a year ago I started work on a new project - Paytronic Network - Me and my team are trying to build India's leading branded digital network for the distribution of prepaid cards. We started the company in February 2007 and went live in April 2008 in Mumbai. We've now started rolling out "Recharge Points" across the country and today crossed the 3500 point mark nationally. What's encouraging is we're now getting 200-300 applications a DAY from retailers to become recharge points. I'm really encouraged and we're gonna do everything possible to ensure that our merchants are very happy dealing with us. If you want to visit us on the web - It's been amazing with the teams at Paytronic and Myzus (of course technology is handled by Myzus) working together to ensure everything comes together smoothly. - cheers,

Went Rappelling yesterday

yesterday was a fun day. Myself and Hemisha went Rappelling at Kondona Caves - close to Karjat. It was a tiring 2 hour hike (I know.. I am not in shape!!) and then was the best part - learning how to rappel and going down a 150 foot drop to the Kondona Caves. I enjoyed it thoroughly and maybe will do some more of this if time permits in the future.

Monday, June 02, 2008

Chilled out Sunday!!

Had a chilled out Sunday yesterday. It was Hemisha's birthday and so we woke up late, enjoyed a lazy lunch at the Pan Asian and then came home and crashed while watching the Seven Samurais - Woke up watched the finals of the IPLT20 and then did some reading, a late night sandwich and then woke up today all ready to face the new week. Life's been a blur lately with lots of travel and deal making as I'm getting close to launching the company that I've been working on for the past year and so this was a much needed break.

If not debt, then equity?

Given that my last post discourages entrepreneurs from raising debt apart from a few specific cases namely:- 1. Very high ROCE low risk bus...