Shashank Kumar
@shashank_kr
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Founder @Razorpay | IIT Roorkee Alumnus | Aiming to digitise Indian economy and businesses | Join us: [email protected]
Joined July 2009
In the early days of a startup, don't try to hire rockstars. Instead, hire and bet on people who will grow and become rockstars along with you.
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India is celebrating zero tax up to ₹12L, but entrepreneurs have more to cheer—Govt. just announced a fresh ₹10,000 Cr fund for startups! .The govt. clearly sees entrepreneurship as a key growth driver. I hope a big chunk of it goes to deeptech! 🚀.
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When people ghost us post offer acceptance, I am always relieved that we dodged a bullet. It's a short term impact on bandwidth but long term impact on culture.
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It's been 9 years of being at Razorpay and every month I am excited about building and launching a new product and feature. Today's launch is truly special because it took months of collaboration and has great potential of creating impact on digital commerce and payments.
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Happy to share, we at @Razorpay have raised $375Mn in our largest round till date at a valuation of $7.5B. This round is led by TCV, Lone Pine and Alkeon Capital and with participation of our existing investors including YC, GIC, Tiger, Sequoia etc.
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The @Razorpay MCP Server is officially live! Razorpay becomes India’s first payment gateway with an Official MCP (Model Context Protocol) Server, designed for an AI-first world. 🔗 Connect to any AI system, whether it's a chat, an app, or a fully autonomous system - you can.
The Next Generation of Payments Is Here!. Today, Razorpay becomes India’s first payment gateway with an Official MCP (Model Context Protocol) Server, designed for an AI-first world. Here is how it works 👇
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Starting today, @RBI new set of guidelines will become applicable for recurring payments via cards. As the industry moves to the new standard, here is my take the new rules 1/n.
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Happy to announce @Razorpay first international expansion with the acquisition of @curlec_pay, a leading Malaysian🇲🇾 fintech firm building recurring payments solutions for businesses. This is our fourth acquisition and the first in international waters!.
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Happy to announce our latest $160M fundraise at $3B valuation led by @Sequoia_India and @gicsingapore . We will continue our commitment to India, Indian businesses and digitisation and enable our customers in their growth now more than ever.
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Happy to share @Razorpay just launched it's Payment Gateway in Malaysia. This is the first country we have launched in outside of India and we are very excited about taking our first steps outside.
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And once in a while you get to do nice things - we issued esops worth 1 lakh to each of our people at @Razorpay as a mark of the 10 year anniversary. Now, everyone at Razorpay own a piece of the company.
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If all your teams are crunched on bandwidth then hiring is not your challenge, strategy is.
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Rejections are part of life. Most of my most important yes have come after multiple rejections - our first customer, first investor, first hire and many more. Rejections should be normalised.
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RBI has allowed linking of credit cards with UPI. Here is the link - In my opinion, it's a very innovative regulatory move and innovation + regulation often don't come together in the same sentence. 🧵.
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We as entrepreneurs are incomplete without our hard working team. Moments like these make everyday very special! 💯
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Humbled to announce that @Razorpay has raised $100M in a round led by GIC and @Sequoia_India along with participation from existing investors.
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When @Razorpay started, both me and @harshil were abroad and Harshil's mother was the initial director of the company signing off on the short term compliances of a newly formed company. I will forever cherish memories of the time spent with her. May god give her peace.
We need to vaccinate everyone quickly but please keep looking out for your loved ones, they may still be at risk. Lost my mom to Covid last week. She had got both doses of covishield. She was the nicest soul and the reason for who I am today. May god give her peace.
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Taking a @airvistara flight from @BLRAirport new terminal for the first time and absolutely loved the greenery and garden vibe at every step!
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Just overheard "Do you want to sell pizza at 50% discount or do you want to change the country?". Not kidding, definitely qualifies to be a @peakbengaluru moment! HT to the evergreen Steve Jobs.
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If you are thinking of applying to @ycombinator, me and @harshilmathur through @Razorpay Rize will be reviewing applications of Indian Founders and provide helpful feedback. Feel free to DM us or fill the form below.
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This is amazingly very true. @ycombinator took a chance on us when we were starting out from Jaipur and had barely any traction. But the partners still believed in the potential we have. You never forget the first ones who backed you.
I was a silly kid trapped in Arizona with middle class wealth. Most of my friends and family humored all this computer stuff. I didn’t go to a prestigious university. This is exactly why so many people are loyal to YC. You never forget who broke you into an industry:
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At @Razorpay, today we are launching a MoneySaver Export Account. It’s a global smart bank account for international bank transfers – and let me tell you why it’s awesome.
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Life is fragile. A month ago, I had to read an obituary for a friend for the very first time. It was harder than anything I have had to do and way harder than anything I imagined. Let's not forget to love and take care of each other for the short time we are here.
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Equity is the best lever for wealth creation in the startup ecosystem. And we will create 1000+ millionaires from within @Razorpay.
Happy to announce @Razorpay's 3rd and largest ESOP buyback worth USD 10MM(70Cr) with 750 of our current & former employees eligible to participate. There is nothing more special than wealth creation for the team that has helped us get where we are.
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I started running last year in September. The actual trigger was the sedentary office lifestyle where I would barely cover 3-4k steps on a normal day. Compared to it, I would easily walk 15-20k on a good day on a vacation. Running isn't a walk in the park. Early mornings,
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No one is ever “ready” to become an entrepreneur & that’s completely OK. @Razorpay , once a by-product of several brainstorming sessions is a reality b/c of the leap of faith we took (1/n). #Entrepreneurship #WorldEntrepreneurDay #SomeMistakesAreGood.
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Instead of advocating for 70 hrs/week, we should ask people to be ambitious, passionate and thoughtful about their jobs.
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I guess this is how B2B marketing teams have fun 😂.
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Excited to share @Razorpay payment products are now live in Singapore!🚀 . After empowering businesses in India & Malaysia, we’re thrilled to support @singapore dynamic entrepreneurs. Southeast Asia is a fast-growing hub of innovation, and we’re privileged to be part of this.
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I have a refund joke but you will have to wait for 6-7 days.
I have a reporting joke but it is off the record.
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I am excited to announce @Razorpay acquisition of Billme (@wearebillme), a leading startup in the Digital Billing and Customer Engagement space. (1/n).
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I have always enjoyed watching @IPL and thanks to @RuPay_npci, got a chance to be centrestage with players that we all admire for few moments. Delighted to present the RuPay on the go 4s award to @ybj_19 for the #RRvsRCB IPL qualifier match!
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Excited to welcome @ezetap team into @Razorpay family. Together, we will build awesome omnichannel payments experiences for businesses and consumers.
Happy to announce that @ezetap is now a Razorpay company! 🚀.We’re excited to build a full-stack omni channel payments solution for businesses, along with them.
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A wholesome Sunday morning in the ever pleasant Bangalore weather -.7.5k Run at the beautiful Agara Lake
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Thanks @mrgirish for the inspiration. It's a time to remember and to cherish. More than 100 Indian startups will be ringing the IPO bell in next few years and many entrepreneurs soon will follow in your footsteps!.
Today is a dream come true for me - from humble beginnings in #Trichy to ringing the bell at @Nasdaq for the FreshWorks IPO. Thank you to our employees, customers, partners, and investors for believing in this dream. #Freshworks #IPO #NASDAQ
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Sat down with @financewsharan to chat about my early days before @Razorpay - starting at IIT Roorkee, my time at Microsoft, and then venturing into fintech.
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In competitive societies, it's difficult to just stop competing and start learning.
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There is a very important lesson for Indian founders - know when to sell and when to build it big to go for ipo. Many startups do well initially but plateau after a point. It's better to sell and start again instead of running zombie companies. The funding markets favour.
"I went from selling 20L of products per day to watching my generational-wealth dream crumble". An e-commerce founder shared the story of their rise and fall on Amazon!
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Many of our best people be it engg, product or sales are not from the top colleges and many have very unconventional paths in life but they end up finding a home with us.
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The win probability for today's match by @ESPNcricinfo tells the story. Today's win feels like a miracle but its a lesson to not give up, keep believing, back yourself and give your best. It's a win for the ages an inspiration for a lifetime. Happy Diwali 🪔.#INDvsPAK #KingKohli
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You either learn to manage your own time, or let it manage you.
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At @Razorpay we have created many such rockstars over time. And we will create more of them in future. Hiring people ahead of their growth curve and giving them freedom and space to fail has helped us keep scaling at every stage.
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Just like angels/VCs search for unproven founders whom they want to back, founders and leaders should scout and back people who are hungry for growth but are unproven.
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A lot of talent in India is hidden, waiting to be discovered and you should build your own capabilities and networks to unearth them. Many of these folks are not from IITs/IIMs or working in top companies.
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We just launched support for @RuPay_npci credit card on #UPI in partnership with @NPCI_NPCI. Credit delivery through UPI will help boost the credit ecosystem in India.
🔊Innovation update 🔊. Super excited that Razorpay is the first payment gateway to support Credit Cards on UPI 💳 ✨. Deep dive on the awesome feature here:
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Thanks @EconomicTimes for honouring me with the #ET40UnderForty award. The recognition is for the team of @Razorpay and my family who have supported me throughout my journey.
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We have been incredibly lucky to have @shashankmehta05 with us @Razorpay since day 1. His imprints are present all over our products & cultural setup. He is the perfect example of raw talent becoming rockstar with time. I am excited to see what he will do next and wish him best!.
🚨 Major life update 🚨. After 8 amazing years of building @Razorpay from the ground up, it’s time for me to move on. Not a lot of people have a first job that changes their life's trajectory, but I'm grateful for this incredible journey and the opportunity!. (1/7).
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Most businesses want you to spend more time on their apps. We think otherwise. Introducing @Razorpay XPayroll Slack App, where you can execute HR & Payroll tasks right within Slack 🎉.We’re live on @ProductHunt right now! .
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Mediocre talent is the easiest to hire and most difficult to let go. Most companies just trudge along with normal distribution.
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Took few years to get here but extremely happy that we have been able to release support for multi-currency cross border payments. There is still lot of work ahead but we fully intend to help accelerate growth of exports from India by reducing friction in payments.
Here's some news as big as the 🌏 . Introducing 100+ Multi-Currency Support:.✅ Instant activation for accepting international payments.💰 Accept $, €, AED and more through Razorpay.🛩️ Stop paying hefty fees to take your business global.
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We need a Chief Meme Officer!.
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Friendship ages like fine wine. 20 years with this bunch!
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We just launched Turbo UPI at @Razorpay - 5x faster UPI payments (as if it wasn’t fast enough already). Check it out!.
UPI is fast, but we’ve made it faster ⚡. Introducing Razorpay Turbo UPI⚡ ridiculously fast and simple 🚀. Built to get your business:.📈 Boosted conversions.⬇️ Fewer drop-offs.💳 Reclaimed checkout.📊 Data-driven insights.🔁 Reduced Dependency on UPI apps . Get started on
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In short, the new @RBI rules are beneficial for the consumers and businesses but will cause disruption short-term. It's a great step forward in helping bring India to an era of a digital-first economy, driven by safer payments, increased convenience & a seamless experience. 13/n.
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We just welcomed Pune based fintech startup IZealiant into the Razorpay umbrella! This is our second acquisition this year and fifth overall.
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Did my first plasma donation today. Thank you @RotaryTTKBloodB and team for inspiring with your great #covid work and dedication. Dr Samina.made the whole process seamless and comfortable. Sincerely urge all covid recovered folks to consider donating.
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Between me and @harshilmathur, we were able to conduct about 50 mock interviews. Happy for the folks who got selected for @ycombinator, and hope we played a small part. For all the others, don't lose hope, keep going and make something people truly want! 💯.
Indian founders who have been selected for @ycombinator interviews, congrats and feel free to DM me. Me and @shashank_kr would try to do few mock interviews next week to help.
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I have always loved meeting founders since our earliest days. @MarsShotVC is a way for me and @harshilmathur to give back to the community. And it's our way of connecting and learning from the new things happening in the ecosystem.
Hello, world! We are on Twitter now. But who are we? We are a bunch of operators from @Razorpay who felt that there’s more that we can do to help the startup ecosystem of India. So we decided to create an angel fund to mentor and invest in startups!.
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However, dozens of founders, leaders and recruiters still reach out to the same set of rockstars everyday and fail to elicit responses or match their comps and then reverberate about the tough hiring market.
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The ability to savour the wins and move on from the losses often determines how happy you are as a person. Sometimes when going to sleep I try to remember one reason to be happy about and that makes all the difference!.
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Seeing the team rewarded for the hard work is the most awesome feeling in the world! 😎.We hope to do stock buybacks at regular intervals and ensure everyone in India starts valuing stock options as instruments of financial growth and not just a piece of paper.
Good news for @Razorpay employees. Around 140 of them cash in their ESOPs with Tiger Global, reports @BiswarupGET #ETtech
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For the past 10 weeks, I had fallen into the habit of opening ET to see our AI generated ode for the founder of the day 🙂. While the campaign ends today, the results have been amazing.
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We are learning how to adopt AI to our workflows. AI tech is ahead of the problems it can solve and people will only realise this over time that they now have a powerful intelligence available on demand.
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It's a special feeling to be recognised by your alma mater especially in the distinguished company of @rajivkjayaswal, Subhash Chandra (Chief Election Commissioner), @mohitsax and @ketankapoor. Feeling grateful and humbled. Now, geared up for the road ahead!.
Congratulations to Mr. Shashank Kumar. A recipient of Distinguished Young Alumnus Award 2019 of IITRoorkee.He is CTO & co-founder of @Razorpay. He has received honours like @FortuneIndia 40 Under 40List @Forbes 30 Under30 list. Kumar completed CSE in 2012
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Building a company is not always glamorous. #TheBillionDollarCode by @netflix is a great watch and provides a good view to the dark side of entrepreneurship, something that we often miss in the daily fundraising headlines.
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If I heard this testimonial from a customer of some other company, I would have thought it's a paid one. Yes, it's that good, do listen once. Thanks @warikoo for being an amazing customer ambassador for us.
Hear from Ankur Warikoo (@warikoo) on how RazorpayX Payroll has helped him, his business and his employees! 🚀. We're always happy to listen to our customers! 🤝. Watch here 👇🏼.
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“There was a lot of emotions in that dressing room. It was tough to see as a coach, because I know how hard these guys have worked, what they've put in, the sacrifices they've made. But that's sport. That happens. It can happen. And the better team won on the day. I'm sure the.
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Being an entrepreneur is a lifetime's work. While everyone celebrates the funding milestones and success metrics, it's really the hard work, grit, the daily grind that are truly worth celebrating. It's the founder's spirit and entrepreneurship journey that should really be.
Being an entrepreneur is a lifetime's work. We've done our best to capture a piece of it. To those who've lived it and to those starting, here's a glimpse of the journey. We want you to #believe that we’re walking with you. #NationalEntrepreneurshipDay.
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Many startup engineers, employees and #Millennials will be placing their first IPO order! Very exciting times ahead for Indian startups. Huge congrats to @deepigoyal @pankajchaddah and the whole Zomato team 🚀📈.#ZomatoIPO.
Just ordered a triple breakfast @zomato. Stress eating 🤯😬.
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Proud and excited to announce @Razorpay Series C round and welcome @RibbitCapital and @Sequoia_India as our investor and partner. We are committed to the acceleration of digital ecosystem growth in India and helping businesses with their end-to-end finance requirements.
Link to our piece in today’s edition of @EconomicTimes
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Our history books have always been very Delhi centric. History should be taught showing the arc of progress for humanity, science, culture and politics over 5000 years. People rarely appreciate how far we have come along and how much progress can happen in a lifetime now.
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But long term, unlike most developed countries, in India consumers will be able to cancel autodebit mandates at the click of a button from a single place. 8/n.
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Completed another 10k with #TCSW10K Bengaluru run yesterday. Kudos to thousands of people who showed up at the run at 5 am in the morning with infectious energy and enthusiasm! Thanks to @TCSWorld10K for running a smooth event.
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There is a strong emphasis on the need for secure #digitalpayments in India & to enable consumers to place their trust in the #digitaleconomy. Now, all banks are going to provide a dashboard to consumers to check the mandates they have registered with merchants instantly 4/n.
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Will forever remember @imVkohli captaincy for the passion he brought to the team and for giving the hope and belief that we can win anywhere! We need the same passion and belief in everything we do as a country.
When Virat took over as Test captain, India winning a test overseas was an achievement, now if India lose an overseas test series it is an upset. And that's how far he has taken Indian cricket forward, and that will be his legacy. Congratulations on successful reign @imVkohli 👏🏻
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Let us handle your payroll & compliance so you can focus on your business!.@twitellectual has the best expressions to show how founders feel frustrated when dealing with payroll!.#payrollfixed.
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Our education system doesn't teach us how to handle failures well. Even though all of us go through failures and there is no escaping it. The regular academic life has a set path where you are excpected to progress at a steady pace otherwise you are left behind. The high.
Strangulation by your own achievements . Was discussing with friend from BCG, who spent enough years in consulting, the matter of the McK analyst who ended his life. It’s your own CV that strangulates you. A string of academic successes, Top rank at school, a top IIT degree,.
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Congrats @Ishaanmittal2! You have been an amazing partner to @Razorpay and completely changed my perception on how helpful and understanding an investor can be.
We are excited to welcome 5 new MD’s to our leadership team, a move that underscores our commitment to serve founders better across stages & sectors. Congrats @dvbydt, @HarshjitSethi, @Ishaanmittal2, @i_sakshichopra and @tejeshwi_sharma on your promotions!
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Olympics medal count doesn't tell the whole story. There is consistent improvement in India's performance in last 4 Olympics. Important that we keep shining spotlight on the performances and encourage more athletes to give their best.
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@gokulns You will be surprised that it doesn't 🙂 .And for junior folks, it shouldn't too, they should get more chances.
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To the team @Razorpay that works hard and helps us win recognitions!.It's never about one person but the team that keeps going above and beyond 🙂.Thanks @FortuneIndia for the honour 🏆.#FortuneIndia #FortuneIndia40U40 #Razorpay.
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Had to visit @NIMHANSIndia Bangalore today with a relative. At this point, we have taken tickets from 4 different lines in 3 hours and yet to see the doctor. The amount of inefficiency that can be solved through technology is extremely high and needs govt. attention @MoHFW_INDIA.
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Trust of customers, makes every hardship worth it 💯.
100% of D2C brand purchases I've done in the last year, had Razorpay on checkout. Be it Product pull or Sales push, might as well declare it India's National PG and be done with it 🙂.
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This is a massive change and along with the UPI Autopay, it will open the floodgates for recurring payments and subscription economy in India. 3/n.
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"It's hopeless but you should try anyways" .And try we must! 💯.
Network Exclusive | Can a startup from India create a foundational model, building on a system like ChatGPT? . ChatGPT Founder Sam Altman answers the question by Peak XV Partners' Rajan Anandan; WATCH. @RajanAnandan #ChatGPT @sama #AI #ETChatWithSamAltman .@OpenAI
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Till date, rules on recurring payments via cards were not clear. Recurring payments worked on credit cards but not on debit cards. There are 900 million debit cards that are now eligible for supporting recurring payments under the new guidelines. 2/n.
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What areas @Razorpay can focus on to improve lives of SMEs as businesses look to begin operations again?.
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Grateful for Bangalore's weather! Perfect to go out for a run or walk.
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"A black Ford Mustang, a lal battiwali gaadi and a unicorn called Razorpay" . a fabulous feature by Darlington on how we got going in the early days of @Razorpay .
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Every Product Manager is a self-contained product roadmap. Hire good roadmaps! 😇.
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"Job hopping mindset (for few %) kills the long-term high hitting career opp" - this is truly underappreciated. Most leaders and execs are known for their loyalty and relationships they build in their career.
Few things are clearer:. 1. It takes min 10 years to build career. 2. Job hopping mindset (for few %) kills the long-term high hitting career opp. 3. Good role in high growth co./start-up > salary, position etc in legacy. 4. Talent retention in India > Indian talent outside.
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