Razorpay Product Management Executive Interview Questions and Answers

Q1. Introduction and experience demonstration in 1-1.5 minutes
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Q2. Why we should hire you?
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Q3. Articulate Product Strategy for a market migration/mass enablement
Ans. 
Develop a product strategy to enable mass migration in the market.
• Conduct market research to identify target segments and their needs

• Create a roadmap for product development and deployment

• Implement marketing campaigns to educate and attract customers

• Provide training and support for users transitioning to the new product

• Monitor and analyze feedback to make continuous improvements
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Q4. Leadership style question with example
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Create a Project Plan and Presentation on a Market Migration Case Study

Q1. Same as round 1 questions
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Q2. Describe yourself in 3 words
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Q1. Current work related questions
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Q1. Current work related questions
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Q1. Current work related questions
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Q1. Experience and hobbies
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Estimate the number of cars sold in India in 1 year

Q1. Past Experience
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Q2. Case Study around RCA
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Q1. Role Expectation Setting
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Q2. Case Study around Phonepe problem
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Q1. Business Round - Which stakeholders do you work with?
Ans. 
I work with stakeholders such as customers, executives, developers, designers, and marketing teams to ensure product success.
• Customers

• Executives

• Developers

• Designers

• Marketing teams
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Q1. Explain your last product? Explain the tech components of the same
Ans. 
My last product was a mobile app for task management and collaboration.
• The app had features like task creation, assignment, deadline setting, and progress tracking.

• Tech components included a backend server using Node.js, a database using MongoDB, and a front-end interface built with React Native.

• We also integrated push notifications using Firebase Cloud Messaging for real-time updates.
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Q2. Explain how do you collaborate with engineers?
Ans. 
I collaborate with engineers by communicating effectively, understanding their technical constraints, and involving them in decision-making processes.
• Regularly communicate project goals, timelines, and requirements with engineers

• Involve engineers in the product development process from ideation to implementation

• Understand and respect the technical constraints and limitations of the engineering team

• Provide clear and det...read more
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Q1. Product Strategy
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Q2. Pick your favorite product, Explain how would you improve it's adoption?
Ans. 
I would improve the adoption of the Fitbit fitness tracker by enhancing the user experience and expanding the marketing reach.
• Enhance the user interface to make it more intuitive and user-friendly

• Offer personalized recommendations and insights based on user data

• Expand partnerships with fitness apps and health organizations to reach a wider audience
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Q1. Improve revenue for Swiggy by 25%
Ans. 
To improve revenue for Swiggy by 25%, focus on increasing customer retention, expanding to new markets, optimizing pricing strategies, and enhancing the user experience.
• Increase customer retention through loyalty programs and personalized offers

• Expand to new markets or introduce new services to attract more customers

• Optimize pricing strategies by offering value bundles or discounts

• Enhance user experience through improv
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Q1. Create an insurance product for Phonepe
Ans. 
Phonepe Insurance: Protect your phone against theft, damage, and malfunctions with our comprehensive insurance plan.
• Coverage for theft, accidental damage, and mechanical/electrical breakdowns

• Option for extended warranty coverage

• 24/7 customer support for claims processing

• Affordable premiums based on phone model and value
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Q1. Workex, RCA questions based on the industry where I had worked
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Q1. All about the industry that the role was for
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Q1. Product Design question: Increase the average order value of Swiggy customers
Ans. 
To increase the average order value of Swiggy customers, we can implement upselling techniques and personalized recommendations.
• Implement a loyalty program where customers can earn points for every order and redeem them for discounts or free items.

• Offer bundle deals or combo meals at a discounted price to encourage customers to spend more.

• Utilize data analytics to provide personalized recommendations based on past orde...read more
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Q1. How is Gpay better than PhonePe. What new feature would you add in Gpay
Ans. 
Gpay offers seamless integration with other Google services and has a wider user base. A new feature could be integration with Google Maps for location-based payments.
• Gpay has a larger user base compared to PhonePe

• Gpay offers seamless integration with other Google services such as Gmail and Google Calendar

• A new feature could be integration with Google Maps for location-based payments
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Q1. Tell me about your past experiences
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Q2. Uber wants to enter into kids market how would you advice them to enter
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