“We have a huge set of data from the students about their transaction patterns. In a couple of years, we plan to leverage our experience in lending and college transactions to enter the student credit market. Say a student needs money during the middle of his semester for untoward emergency, then we can help him avail those loans through the microfinance industries.”
This is the second article in the ‘Made in Insti’ series where we have interviewed Sandeep Mederametla who dropped out of IIT Madras, started up thrice, came back to campus and is building his tech backed services company in his own style. Sandeep joined hands with Srinvas and Madhu, ex-students from IIT Madras and chose to come back to campus and start PutPeace.com in insti, simply because “which other market can we connect with, the most?” Read on this candid interview to know the team behind the startup which comes to our rescue for last-minute print outs and late hour hunger pangs. The simplicity and depth of these answers exemplify their maturity towards PutPeace.com and life in general.
“Working on something which you like and taking risks based on that is a really good way of learning. Institute is doing a lot of things to maintain this ecosystem by providing safety nets. You can defer placements by one year. Opt for MS in Entrepreneurship to get a degree while starting up. It is working on the ecosystem with Nirmaan and CFI. My suggestion to all juniors would be — give it a shot. There is not much to lose. Either try your hands at starting up, or work at a startup. “
“The Indian startup scenario is highly competitive with more than one startup working on a similar idea. A few are destined to fail. However, this is no way an indicator of the startup ecosystem in India.” From startup culture to the Maker revolution and its potential for India, Balaji Viswanathan talked about a gamut of things. His enthusiasm and passion are sure to leave a lasting impression on the students who attended his talk. The Shaastra pre-lecture series could not have gotten a better start!