Are you building for Indian companies or US based companies?

This kind of tech adoption is more in the USA rather India. We prefer starting with the USA just because of this.  
  
 We dont want to sell saas, we would like to sell work.  
  
 Happy to elaborate further over a call 🚀

Data Scientist

Software Engineer

Building tryfnx.com       if your startup is looking for end to end accounting support, we can be of help for free / minimal charge. Want to take this opportunity to try autonomous accounting agent...

Welcome to Indian Startups's Private Community

Building tryfnx.com   
  
if your startup is looking for end to end accounting support, we can be of help for free / minimal charge. Want to take this opportunity to try autonomous accounting agents at your service.   
  
We are looking for alpha customers to try  tryfnx.com , happy to onboard and support without any hassle. 🙏.   
  
Can elaborate further over a call. Ping me at sai@tryfnx.com 

TIA

End to end accounting at your service

End to end accounting at your service- Grapevine

Promote your startup! Should be less than 3 months old.

Product Manager

Building tryfnx.com

As we started reaching out to customers, we recognised the need for automation in Indian SMEs on par with the US. We didn't anticipate the Indian market's significant demand for automation, similar to the US.

Exciting and happy about this turnout. Definitely, long way to go 🚀. I think gone are the days where B2B SaaS are for the US market 

PS: Our startup offers comprehensive accounting support. We provide autonomous accounting agents

Underestimated indian Market's Demand for Accounting Automation

A friend and I have identified a niche requirement for finance functions of listed Indian entities. We would need to build a tech platform which allows our clients to create some kind of a public web page, the contents of which would be managed and controlled by our back end. A SaaS / CRM solution.

Since we come from core finance backgrounds with primitive tech knowledge, please can you guide on:

- Would it be feasible to outsource the development of this software to an outside agency 
- What kind of employees would be need to hire once the platform is ready - they would need to troubleshoot, build on new features etc.
- What would the cost of development be? We are looking to self fund this venture and achieve some scale before seeking funding if required. 
- Any resources to read up to get better idea of tech? I have zero idea of languages, codes, platforms etc. 

Thank you :)

Tech guidance for non tech founders

Finance Consultant

Fast learning and fast paced growth aside, after 15 years of MNC experience  I joined a startup to get some ESOPs.. and hopefully a good buyback ..

I have worked in 2 startups now.Both of these were already  Unicorns when I joined .


While I love the culture and dynamic pace of a startup 
i feel my chances of getting a payout  are slim...

My personal learning is to get a good reward you have to be in top 10 employees for sure ... otherwise it's not worth it ..

There is no point joining a Unicorn in middle management...or second in command in any function...

Happy to hear your thoughts !

Share your ESOP buyback story..

Founder

Was looking for automation solutions for my startup, came across an early stage AI startup that had 3-4 meetings with us and showed us screenshots of their product, but delayed product demo and signup.

Few days later said they're shutting down because they couldn't raise funds and had no MVP ready to use. But they didn't tell us that earlier, all they said was "we are in early stages, still working on product, need info from you"etc.

While their vision seemed good enough, not having an MVP while pitching for clients is weird and a waste of time tbh. No one will know or learn anything unless they try using an actual product, including themselves. And it isn't hard to build one either, i think I have the gist of it and might already be in production by other startups in this space. Decent low hanging fruit in SaaS with good long term potential.

Doing things that don't scale doesn't mean you don't put in the required amount of work before approaching clients. Don't want to name them, they probably learned as much by now.

Got pitched by a startup with no MVP 😂

Product Owner

Sharing frustrations with starting up a business. In my career I have raised over $30m over multiple rounds.

Co-founders in non-business roles get pushed out by politics. Sharing control with co-founders is messy, inconvenient, time consuming. Money lets you hire people who have to answer to you.

If you are not the main ‘Business person’ in a startup high chance you are disposable, no matter what skills you have. And it sucks to spend so much effort only to get bullied out and left with nothing.

Some investors will follow you on social media, if your business is not growing QoQ don’t post anything on social media that implies you are not working every weekend. They will ask why you are not working.

 If you are CEO, be ready for every random person to tell you how to run your business. Not in a ‘friendly advice’ kind of way, if you are the CEO you have a target on your back.

 Investors don’t know about your industry or have very dated knowledge. Some will just say random tips like ‘try web3’ or ‘try SaaS’ and blame you for following their advice when it fails.

 Your progress is measured against fraud companies who fake numbers, or the 1 in thousands who succeed. Get made to feel like you are failing to live up to super high expectations constantly.

 Employees work half your hours, off sick usuall one day a week, deliver next to nothing and expect 20% hikes every year because that’s what their friends make, or they read some dumb startup hires freshers at 20LPA. 

Smooth talking people with the same idea as you, no traction, never shipped a product in life, will raise a huge seed round due to 'pedigree' and spend it all on self promotion. You will always be compared to these clowns who find ways to lecture others while building nothing of value.

Dark side of starting up.

So much truth in everything you’ve written 
 “your progress is measured against fraud companies who fake numbers”  
  
 This has become just more prevalent over time. Confidently advice learnings from startups that are faking GMV or PMF metrics :)

Investment Associate

Investor

Welcome to Product Managers's Private Community

Hey guys, I am building a personal finance management, essentially FinTech in India ￼ to give users, a smart banking experience without any neobanking bullshit .

Don’t have to open a new bank account to have great features like a Jupiter has. Not selling credits. And great user experience.

The best part to track and manage your finances, I don’t ask for your gmail access or do any SMS scraping so what do you think? ￼

Honest feedback on my startup

Hi All,

I have 14 years of experience in Sales and Business Development working in Startups to Funded Companies, MNCs. Experienced in training sales team of upto 45 members and preparing trackers and setting a process flow and auditing of sales pitch and processes. Have played an instrumental role in creating MIS data trackers and reports in Top 4w Automobile MNC for India. Have also developed Partnership and dealer/affiliate network for firms to ensure other sources of income apart from sales team.

If you have or you know any of the firms/founders, who may require expertise consultation or training/audit for the sales team, I would be happy to connect remotely. 

Thanks for your time.

Looking for a remote job

Business Development Manager

Hey guys, 

With a heavy heart and after 10-11 months of constant work I am shutting my startup down. Thanks for all the love and support.

What happened was I was able to build the product but couldn't raise enough funds to get the required gov. licenses to go live. I did build a demo mode to let people test out what the app was supposed to be and got more than 250+ sign ups.

For everyone who signed up and where asking me for the invite code sorry but please do test out what it was supposed to be. Use invite code- QWERTYUIOP to access the demo mode. All data will be deleted with in the end of this month so no worries.

Thanks again for all the love and support and let's see what I can build tomorrow.

Invite Code - QWERTYUIOP

Manage all your finances in one place, from tracking spends, budgeting & checking your bank balances all in one.

Pocket - Do More With your money

Shutting it down

I personally need a robo advisory chatbot on WhatsApp to -
1. chat about expenses, short and long planning, reminders, on an ongoing basis. I hope the bot updates itself with the rules, regulations and updates.
2. Do tax filing at end of FY. 

For my startup -
1. Same as individual need but for my employees.
2. All accounting needs of company - BS, PnL, Reconciliation
3. Important Reminders 
4. Compliance works (including employing a human CA to finally execute documents, where a sign is required)

Someone pls build AccountantGPT

We are clocking 4cr in revenue this month
With a crore in profit. Bootstrapped the company till last month, raised to build a product (i am from non tech bg) really need someone who can help me build this. 
Looking for a tech lead/cto or whatever 
Who wants to build frugally and something fun!

Running a profitable company!

Providing Analytical Insights to Startups that are just Starting up, to help them realise their true potential! Let’s connect!

Product analyst

Honest feedback for my startup

Welcome to Personal Finance's Private Community

Preferably free. Drop in your suggestions!

Which app is the best for managing finances (investments, insurance and expenses) ?

If you cannot manage all 3 on a Google Spreadsheet, you're doing it wrong.

Sales Manager

Account Manager

Welcome to Fintech India's Private Community

We run a platform that works with SME'S , MSME's (can't disclose more on what kind, but like any transaction have buyers and sellers), have active 3 lakh users. 

The amount transacted is above 150+ crore every month.

We realised that these SME'S and the sellers have a lending cycle with the seller every 7-14 days. 

Got some queries for lending (Because these businesses run of cash flow), after in-depth research, we just realised the immense potential we have if we start lending to them (both the buyers & sellers - by lending + invoice discounting).

We already have all the data points since these users have been with us for a very long time.

What does the fintech community think, should we add the fintech-lending to our business? 

(P.s.:  Initial Projections show we start making 12-15 Crore net profit, after launch at 50% utilisation)

End to end accounting at your service

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