Cheq
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They'd raised $170M - Their model was to manage peoples credit cards and then pay off high APR credit card debt by taking on a lower interest loan through Tally, a better debt consolidator.
What does this say about Indian startups like ...
A little birdie tells me that they have burned most of the $10M they raised. No wonder they wanted to charge a processing fee on the bill payments.
Have been hearing great things about a new startup called CheQ that offers the best rewards.
I'm trying to figure out the mindset of people who would be the target audience for companies that run on Cashbacks such as Cred, CashKaro, Cheq, Credit cards, etc.
