ET Startup Awards 2023 jury meeting, as the members contemplated how much weight should be given to public good, impact and financials.
Their final choice was FIA Global, a platform that helps people in some of the most remote areas of the country avail of formal financial services, from opening a bank account and taking a loan to investing in mutual funds and buying digital gold.
Initially, it was a three-way contest among FIA Global, insurance intermediary Gramcover and edtech firm Vidyakul. Gramcover and FIA got equal votes in the preliminary round and moved to the next due to their theme of «inclusion and employment», said one of the jury members.
«Some categories like social enterprise were very hard to decide on because of the social impact each of the startups has created,» said Razorpay CEO Harshil Mathur, one of the jury members. «I hope such winners encourage more founders to pick up harder problems facing not just India but the world.»
In the final round too, both fintech companies got equal votes of five each, before one of the founders on the jury cast the deciding vote that tipped the scales in FIA's favour.
«I extend my sincere gratitude to The Economic Times for honouring us with this award,» said Seema Prem, founder of FIA Global. «This year has been a profound period of growth and resilience for FIA, marked by valuable