About 57 million credit cards cater to the premium market in India. The Indian credit card industry is dominated by four banks that account for 70% of the total market. Unicorn CRED is making big moves in this industry.
>>>Sramana Mitra: I’ve experienced the use case that you described. The gas station around the corner from me doesn’t have any digital payment option.
Paresh Patel: That was the problem. The machine only took cash.
Sramana Mitra: Do the gas station people attend these kinds of trade shows?‘
>>>Sramana Mitra: Did you work for SonicWall?
Peter Bookman: I did not. I transitioned out. I’m always excited about the next opportunity.
Sramana Mitra: What year was that?
Peter Bookman: 2001.
>>>The Indian construction market is expected to grow at 11% CAGR from 2021 through 2026 as rapidly evolving technology is redefining how construction business is conducted and managed in India. Infra.Market is an Indian unicorn that is disrupting the construction industry in the country.
>>>Sramana Mitra: What is your Ph.D. in?
Paresh Patel: It’s also in e-business and organization management.
Sramana Mitra: The vending machine company was yourself?
Paresh Patel: There were employees. We grew to about 25 employees.
>>>The global healthcare analytics market is projected to grow at 29% CAGR to reach $75.1 billion by 2026 from $21.1 billion in 2021. The use of analytics is helping healthcare providers reduce healthcare costs and improve the quality of care. Innovaccer is one player integrating several data sources to help reduce healthcare costs in the U.S.
>>>Peter is a startup veteran who is building a new Cyber Security company from Utah. The key insight to focus on in this story is how he found white space in the mid-market.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>Paresh did a superb job of validating in a bootstrapped mode and then raising significant venture capital. However, he made some mistakes after the fund raise. Eventually, he course-corrected and has built a wonderful business without further infusion of capital. Excellent case study!
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?‘
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