Company started with innovative fintech products, but lost the focus mid way.
It was 2011, hardly anyone was innovating in payments / fintech and financial inclusion space. Aadhar and UIDAI were nascent. This startup came up with mobile products around aadhar based payments, consumer wallet, biometric POS, biometric microATM. So many innovative products, handled by poor Product Management (or lack of product management), idiot CTO, bit incompetent teams located across geographies creating void in communication and understanding of vision.
Hands of approach of CEO, totalitarian CTO, and remote team working in silos destroyed everything. Nothing material could come out of pilot projects and both CEO and teams lost focus.
Moreover, they diversified so much, started wrong portfolio of products under subsidiary of DataProctr which derailed the company.
Look forward to Nov 2016, had they persisted in original products in fintech, learned, polished the products and adapted to what markets demanded, they would have been much more valuable today. It feels they lost a golden opportunity and their relevance.
