American online payments firm PayPal is looking at a bigger payoff from its bets in India. The company, which set up a startup incubator in Chennai in 2013, has now decided to start taking equity in the firms that join its programme, which was free till now. So far it has churned out 10 companies in four batches.
Inside the incubator
“At the time of launch [of PayPal’s incubator], the disconnect was apparent and there was a dire need of mentorship, tech infrastructure, network, and global learnings to help take fintech startups to the next level of maturity,” said Sanchit Vir Gogia, Chief Analyst and CEO of global research and advisory firm Greyhound.
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Firm. To read more about him, click here.
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