[Podcast] Entrepreneur Niraj Singh on the hurdles on the way to Spinny’s success

On the very surface, Niraj Singh’s startup story might seem like one you have heard before. The IIT-Delhi graduate is the CEO and Founder of Spinny — the online platform for people to sell and buy second-hand cars.

You know this already.

But behind the scenes, nothing about Niraj’s journey is familiar; his grit story long preceded his entrepreneurial days. 

Studying with his textbooks and a Hindi to English dictionary side by side, attempting JEE exam for the second time in secret to switch from B.Arch to B.Tech, a few entrepreneurial stints even before he hit 30, and the loss of a loved one — Niraj has accumulated significant life experiences at a young age.

In a conversation with Anand Daniel, Partner at Accel, Niraj talks about how he built one of India’s most recognisable startups, sheds light on his journey from a small town, his two trysts with JEE, and how his formative years shaped who he is now.

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And, there’s more:

• His venture into the Indian startup ecosystem in 2007 — the differences in attitude, the infrastructure, and the experience of building something even as the industry was just getting started. 
• Starting TechMonkey in 2011 — a content platform to serve content in local languages — the learnings, losing funding at an important time because of their plan to pivot, and more. 
• Coping with loss while trying to helm an organisation where people were depending on him. 
• Building a supportive core team, and how that helped his journey. 
• What it means to be receptive to feedback. 

“Speaking to founders is the central tenet of what I do. But it never ceases to surprise me — how I almost always walk away with a new story, a fresh perspective,” Niraj says. 

To know more, listen to the podcast here.

Notes:

00:00-03:16: Introduction

03:17-5:26: Tough beginnings, and what shaped Niraj

05:33-7:25: Grit to get to IIT-Delhi

12:34-13:42: The support from the Indian startup ecosystem

14:53-17:23: Lost his father, but bounced back in three to four months and started his second company

31:42-33:51: Going with the full-stack model although the new investors pulled the term sheet

35:22-37:37: Restarting with the new business model: What happened after the investors pulled back?

39:43-41:28: How the team stepped up during tough times?

52:46-53:57: Being open to feedback and its importance.