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The 500, 1000 Issue - What Startup CEOs, Founders, Investors Are Saying

The ewallets are celebrating all the way (please refer to Paytm founder’s face), especially with the nearly 80% increase in transactions in just 12 hours.

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Photo Credit : twitter.com, twitter.com, twitter.com,

The 500, 1000 Issue - What Startup CEOs, Founders, Investors Are Saying
The 500, 1000 Issue - What Startup CEOs, Founders, Investors Are Saying
The 500, 1000 Issue - What Startup CEOs, Founders, Investors Are Saying

1. Kunal Bahl, cofounder and CEO of Snapdeal, says:

@1kunalbahl – “Cash is so yesterday @FreeCharge”

2. Ronnie Screwvala, founder of UTV Group and Unilazer Ventures, says:

@RonnieScrewvala – “The new 2000 rupee note with its tracking device is going to make Silicon Valley innovation look like kindergarten – innovation at its best”

3. Vijay Shekhar Sharma, founder of Paytm, says:

@vijayshekhar – “Keep the money digital. Superb step by step by our dear PM @narendramodi From a bit of inconvenience to incredible bold step! #win…”

4. Mahesh Murthy, founding partner of Seedfund, says,

@maheshmurthy – “Forcing you to back to exchange 500s & 1000s will get your unaccounted cash accounted. Cash transaction >50k reported to Tax. That’s the aim”

5. CahsKaro.com, one of the few fintechs (or any startup for that matter) with a female cofounder, says:

@CashKarocom - “Panic nahi.. Cash Karo! Collect all over Cashback straight into your bank account. We support @narendramodi - #IndiaFightsCorruption”

6. One of the biggest reveals come as Amrish Rau, CEO of PayU India, says:

@amrishrau – “In the First 12 hours of the day @PayUmoney @CitrusPay seeing nearly 80% #payment transaction growth over yesterday”


Tags assigned to this article:
demonetization black money Modi paytm payu cashkaro

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