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Startup Street: PhonePe CEO on new ATM service, Oyo on the road ahead
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Startup Street: PhonePe CEO on new ATM service, Oyo on the road ahead
Feb 17, 2020 11:11 AM

On Startup Street’s ‘What’s Brewing’, CNBC-TV18 talks to Rohit Kapoor, CEO of Oyo India and South Asia, and Oyo director board member Aditya Ghosh. The company’s net losses widen to $335 million in FY19 on account of international expansion. The revenue has come in at $951 million versus $211 million in the previous fiscal.

On ‘Hot Seat’, Pratibha Jain, Partner at Nishith Desai Associates, talks about the hurdles the startups face and what can be done to resolve them. According to Jain, the reason behind startups moving offshore is not tax abrogation but the uncertainty in Indian tax structure and regulations.

On ‘Checking In’, Sameer Nigam, CEO of PhonePe, speaks on the firm's new ATM service which allows users to withdraw money from a neighborhood store. Launched 3 weeks ago, the company says it already has 1 million merchants registered for the service.

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