Kicking off Stripe’s private beta in India

Re:Kicking off Stripe’s private beta in India by adtac on Wednesday December 13, 2017 @11:57PM (#15920038)

Wait, YC would fund a startup that's a competitor to one of its other startups? Huh, this is news for me (and it opens up the possibility of me applying to YC; previously I was apprehensive because YC had funded a direct competitor ~10 years ago).

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Re:Kicking off Stripe’s private beta in India by SingAlong on Thursday December 14, 2017 @01:33AM (#15920361)

RazorPay is India-focused and started a few years ago. Until they came around, there were few (zero?) payment gateways that fulfilled all the following criteria:

* Clean API

* Support India-focused payment options (netbanking is huge here. And Razorpay also supports digital-wallets)

* Easy to get started fast with less paperwork

For every other payment gateway, you had to go through a papertrail before you could even tryout the sandbox API.

I remember Razorpay (initially atleast) required only PAN and allowed individuals to start accepting payments. This IMHO is huge indie-friendly. And back then, for every payment gateway you had to be a registered company. Not sure if that relaxed rule translated to an uptick in growth.

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Re:Kicking off Stripe’s private beta in India by agordhandas on Thursday December 14, 2017 @01:27AM (#15920347)

I think YC funds competitors often (not sure how often). For example, Amplitude and Mixpanel are both YC companies.

https://www.quora.com/Would-Y-Combinator-invest-in-a-company...

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