EP41: {Rajan Bajaj, Founder of Slice}
On the episode I speak with Rajan Bajaj, the founder of Slice, an IIT grad who spent a few months in Flipkart before wanting start out on his own. He went on to start a business that morphed into what is today Slice - a credit line that caters to first time job seekers.
Slice is targeting 5 million first time credit seekers every year who have little access to credit products designed specifically for them. We chat about how India’s first payment card startup focussed on the millennials is doing and what young Indian’s are spending on.
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Slice (formerly known as SlicePay) on announced in June 2020 that it has raised Rs 46 crore in a Pre-Series B round led by Japan-based investor Gunosy. The round also saw participation from US-based EMVC, Kunal Shah of CRED, Better Capital, and existing investor Das Capital. Read more
Book recommendation from Rajan: The CEO Within - Matt Mochary - Full book available here for a free read
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- V(@varunvummidi)
Timelines:
01:10 - Introduction & impact of moratorium
05:24 - Where young people are spending
06:31 - Starting up right after graduating
10:01 - Going through the diff avatars
11:45 - Sharing economy
14:04 - Trends in spends
17:50 - What is Slice?
21:15 - Business model of Slice
27:40 - KYC & Collections
28:44 - Going through pivots,
35:14 - Diversifying
40:54 - Getting support & advice
41:59 - Using Twitter properly
43:45 - Book Recommendation