UPI payments giant PhonePe CEO Sameer Nigam, while speaking at the Startup Conclave, said that if founders believe that the regulator will never come calling, then either because the space or the product they deal in isn't relevant enough or because they live in a fool's paradise. "You are talking about people's money. If nobody is regulating what you do, nobody cares about what you do," he said. Thoughts💁‍♂️

anjanadmi

10mo

student at

Jamia Millia Islamia

Sameer Nigam, the co-founder and CEO of PhonePe, revealed, "When PhonePe was started in India, to compete effectively, he had to sell his entire company to Flipkart." I feel that by sharing this story, Nigam is referring to the competitive pressures from well-funded rivals like Paytm.

sevenpepper

1yr

student at

IIT Madras

Watch out, job seekers! 👀 PhonePe and Swiggy are reportedly implementing forced Performance Improvement Plans (PIPs) targeting employees with high salaries or internal conflicts. Employee benefits are also being reduced significantly. The work environment is described as toxic. These actions are allegedly motivated by upcoming IPOs. Proceed with caution.❌

everlastingkelvin

1yr

works at

PhonePe

PhonePe is okay okay company boss! HR policy and work culture also okay ok hai. But boss, bahut pressure hai yaar, loads of pressure.

nurturingsnapdragon

1yr

works at

PhonePe

(unverified)

PhonePe? More like FraudPe! This company is a complete scam, there's literally nothing to like about it. From their shady practices to their terrible customer service, it's all a big disappointment. Stay away!