Narendra Modi will be speaking at the Startup Mahakumbh event in New Delhi tomorrow.
“At 10:30 AM tomorrow, I will be speaking at the Startup Mahakumbh, a forum which brings together stakeholders from the world of startups, innovators and upcoming entrepreneurs. India’s strides in the world of Startups has been phenomenal in the last few years,” Modi said on microblogging platform X.
During the second day of the three-day event, Groww cofounder and chief operating officer Harsh Jain said fintechs should collaborate with regulators, and work together to bring change, rather than bypassing or ignoring regulations.
“You need to have respect for the rules and regulations around. You can challenge them if you really believe that customer behaviour or experience is going in a different direction,” Jain said.
Siddarth Pai, founding partner, 3one4 Capital, said if an entrepreneur is passionate and talented but disregards regulations, then failing is “not a possibility, it's an inevitability.”
“Don't look at the regulator as someone to fight, he is not your enemy…anything that does well is always because of the industry. And anything that goes bad is always because of the regulator,” said Pai while referring to the challenges regulators face.
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