Building 1200+ crore startup | Ft. Co-Founder of FamPay, Sambhav Jain - a podcast by Raj Shamani

from 2021-12-17T12:00

:: ::

In this Podcast -

  1. Breaking the myths about IITians
  2. How to decide your passion?
  3. How exposure changes your aspirations?
  4. Why is freedom of choice necessary to be independent?
  5. How can financial literacy be inculcated in the Indian minds from childhood?
  6. Why don't more Indians choose entrepreneurship?
  7. How innovations can happen at a faster pace?
  8. How can any individual become financially literate?
  9. How to learn new things and get expertise?
  10. How did FamPay come into existence?


Timestamps

00:00 Intro
02:02 Why They Started Building FamPay?
06:15 How He Got into IIT?
13:38 How They Started Building FamPay?
17:31 How He Convinced His Parents?
18:50 Their First App in College
21:28 People’s Mindset with Money
24:37 The Concept of Pocket Money
26:04 Money vs Following Passion
29:45 The Problem with Exposure
37:00 Why They Started Building FamPay?
44:04 Is Innovation Just for IITians/ Techies?
51:26 How They Started Building FamPay?
1:00:05 How To Learn Anything?
1:03:10 How Did He Navigate?
1:08:47 3 Steps to go from Idea to the Product!
1:14:14 How He Convinced People that he can Solve this Problem?
1:17:48 Conclusion



In this episode of Figuring Out, Raj talks with the Co-Founder of FamPay, Sambhav Jain. He began his journey during his final year at IIT Roorkee.


During his college days, He worked to create a mobile app to reduce food wastage in canteens. The success of the product led him to realize that he could build more products. He interned with startups during his final year at college to understand how the startups operated. He worked with the product team at Hotstar and AEON Learning. It was then that he decided to build a startup. He opted out of campus placements to work toward building a startup.


FamPay is raising a new, financially aware generation of Indians who understand the fundamentals of personal finance and are capable of making decisions in their best long-term interest.


With FamPay and its numberless prepaid card, minors can successfully make online and offline payments without the need to set up a bank account.


FamPay is a marketing and distribution partner of IDFC FIRST Bank Prepaid Card.



—————————————————————————————————————————

Subscribe to my YouTube channel: http://bit.ly/RajShamaniYT



Further episodes of Figuring Out with Raj Shamani

Further podcasts by Raj Shamani

Website of Raj Shamani