Wednesday, April 01, 2009

Paytronic Closes First Year with 26,553 "Recharge Points"

So it's been exactly one year since we rolled out the first "Recharge Point" in Mumbai and what a year it has been. I was going through our website and when we launched our target was 10,000 Merchants across the nation by the end of March 2009. We closed March with 26,553 Merchants - nearly two and a half times our target. In the past 12 months we have built a network 12% larger than Paypoint - arguably one of the most successful companies in this business and a large dominant player in the United Kingdom. A phenomenal achievement and a great team effort. Congrats to the teams at Paytronic and Myzus - who have driven the technology behind the effort.

If not debt, then equity?

Given that my last post discourages entrepreneurs from raising debt apart from a few specific cases namely:- 1. Very high ROCE low risk bus...