JEE Prep LIED to You: Here's Why You Need To BUILD a Career After JEE | Propelld CEO on BP2B

[00:01:41] Propelld: What does it do?

[00:03:18] 1% NPA: How does Propelld hit a number that is 10X the Industry standard?

[00:07:30] Checking Intent and Ability: How did Propelld set up a system for this?

[00:09:07] Victor’s Entrepreneurship Journey: 4 startups in 4 sectors

[00:15:23] An Education Financing Startup: How did the idea for Propelld happen?

[00:20:51] Academic Journey: Victor’s school and college years

[00:26:54] Life after IITM: Why the placement process was a wakeup call?

[00:32:36] The MBA Experience: How was it different from IITM?

[00:33:57] Victor 2.0: His first job and beginning the startup journey

[00:36:27] Co-Founder’s Startup Journeys: Were they similar to Victor’s?

[00:39:00] What Led to Propelld: Piloting education loans for upskilling

[00:41:43] Journey of Propelld: How have the last 6 years been?

[00:44:58] Pandemic Journey: How Propelld’s core thesis led to success?

[00:55:24] Mantra for Growth: Build trust for lenders in the Education industry

[00:58:41] The Evolution of Fintech: Role of Tech and Digitalisation in the last 15 years

[00:05:37] Victor mentions Lovely Professional University as an example of one of the institutions that a student might apply to.

[00:09:30] IIT Madras

[00:32:55] Victor did his MBA from FMS, Delhi

[00:59:55] RBI is the central body governing all financial entities in India

[00:13:27] Brijesh Samantaray was Victor’s co-founder in both his grocery delivery and clothing startup.

[00:13:45] Bibhu Prasad Das has been Victor’s friend since he was in school.

[00:16:50] Milton Friedman felt that education should be a social expense.

[00:10:30] Astroworkz was Victor’s first startup which taught astronomy to school children

[00:10:56] Companies like Swiggy entered the hyper local grocery delivery much after Victor’s company in that sector.

[00:11:04] Grofers for Blinkit are mentioned as a way to show what earlier version of the grocery delivery business looks like

[00:11:54] Victor’s Grocery Delivery business was called StockUpp.

[00:12:34] Victor’s third startup was an apparel business called Pristine Cut 

[00:18:02] There are stories on Reddit threads about people who have been unable to pay back their student loans and are struggling.

[00:25:12] Companies like Uber, Ola and Namma Yatri have replaced bargaining with auto rickshaws in Chennai

[00:51:40] Byju’s was a big player in the Ed Tech space and had big investors.

[00:01:55] NBFC stands for Non-Banking Financial Company. It is a financial institution that is not legally a bank. NBFCs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering.

[00:02:19] NPA stands for Non-Performing Asset. It refers to a loan or advance where the borrower has failed to make payments on the principal or interest for a specified period. The industry standard for NBFC is 10% and Propelld’s NPA is 1%.

[01:00:02] P2P stands for Peer-to-Peer. It refers to a decentralised system where two or more individuals or entities interact directly, without the need for a central intermediary or authority.