Can neobank Jupiter disrupt traditional banking?

Jitendra Gupta is one of the most recognisable names in India’s fintech ecosystem. 

As the founder of Citrus Pay, and later, the MD of PayU (which acquired Citrus Pay in 2016), he built and scaled products that revolutionised the country’s digital payments industry over the last decade. 

However, despite getting a $130 million exit, he continued to harbour some regret. 

“There was this feeling that I had not created anything large and impactful even after being in the startup ecosystem for 10 years. I felt restless,” Jitendra tells YourStory Founder and CEO Shradha Sharma in an exclusive interview. 

Five years on, the fintech veteran is ready with his second startup Jupiter, a mobile-first neobanking platform targeted at millennials. Jupiter wants to disrupt India’s traditional banking systems by marrying personalised financial services with new-age technology for the 21st century customer. 

Watch his full interview here: 

Read all about how the Indian startup ecosystem is battling the second wave of COVID-19 here.

Here are some useful tools to help you find the nearest vaccine centres in real-time.

You can also share a tribute to COVID-19 warriors, saviours, and survivors here.

Editor’s Pick: Monday Motivation

Every other day, we hear of stray dogs in India being subjected to atrocities, with many left to die on the streets. In fact, the country has over 35 million stray dogs; many die without food, shelter, or because of diseases.

To remedy this situation, Bengaluru-based animal rights activist Sajesh S — who was working as a branding consultant — left his job to lend dignity to stray dogs. He started ALAI Rescues, which treats and houses over 300 injured animals today. Read more.

Startup Spotlight

An environment tech startup that fights air pollution

Prevention is better than cure goes the adage, and this surmises the mission of environmental tech startup Devic Earth. 

The Bengaluru-headquartered startup was founded in 2018 by cardiologist Dr Srikanth Sola — a Stanford University graduate — who wanted to reduce air pollution at workplaces through an innovatively built device. Read more.

News & Updates

• Twitter has named Vinay Prakash as its Resident Grievance Officer for India. It had previously appointed Dharmendra Chatur as its interim resident grievance officer for India as required by the IT rules. However, Chatur stepped down last month.

• Software Technology Parks of India (STPI) announced the inauguration of the Atal Incubation Centre (AIC), a centre of excellence (CoE), in Bengaluru. The incubation centre, spread across 10,000 square feet, looks to incubate 65 innovative and disruptive startups over five years.

• Online travel solutions provider EaseMyTrip is eyeing 100 percent growth this year on the back of demand recovery for tourism. It had reported a revenue of Rs 106.69 crore and a profit after tax of Rs 61 crore in the financial year 2020-21.

Before you go, stay inspired with… 

“None of the fintechs in India have been able to create any dent in the banking industry yet. If you really want to make an impact in the consumer’s financial services life, you have to establish a trust relationship over 20-25 years.”

— Jitendra Gupta, Founder and CEO, Jupiter

Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!