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Apr 4, 2024 · Deepak Abbot, the founder of the digital gold platform Indiagold, detailed his experience at a US visa interview, emphasising the severe limitations of bringing gadgets and his quick thinking to overcome a problem.
indiagold. Location Gurgaon, Haryana, India. Regions Asia-Pacific (APAC) Gender Male. Also Known As Sr. VP Product at Paytm. Investor Type Individual/Angel. LinkedIn View on LinkedIn. Deepak Abbot is the co-founder of Indiagold.
- Male
- Indiagold
- New Delhi
- November 18, 2016
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Who is Deepak abbot?
Did Deepak abbot wear a sleep tracking ring at US visa interview?
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What did Deepak abbot do with his gold while leaving Pakistan?
Apr 4, 2024 · Updated Apr 04, 2024, 1:35 PM IST. Deepak Abbot, co-founder of Indiagold, was not allowed at a US visa interview recently for wearing a sleep-tracking ring. What he did next went viral on X. "I...
By Arfa Javaid. Apr 03, 2024 03:37 PM IST. When Deepak Abbot was stopped for a US visa interview over Ultrahuman ring, he did something that his grandfather did with his gold during Ind-Pak ...
- The Case For Digital Gold
- Working to Crack The Market
- Making The Asset Work Better
- Focusing on Digital Gold
- The Gold Loan Stigma
- Offering Digital Lockers
- How Do Lockers Help?
The founders’ early reluctance wasn’t based on market size. In fact, just based on market size, gold loans would be a great segment to start up as, according to the World Gold Council, Indians sit on a $1.5 trillion hoard of gold. Amid the pandemic, the market for gold loans is significantly increasing.The World Gold Council expects the market to g...
Market research and multiple conversations crystallised their plan: gold monetisation. This meant a variety of products, beginning with doorstep gold loans. In India, gold loans have traditionally been done through bank branches or NBFCs like Muthoot Finance. The doorstep gold loans was a new category, focused on riding the growth of internet users...
Deepak says companies like Muthoot Finance and Mannapuram Gold are valued based on the AUM or assets under management. “That's one single metric that shows that how efficient they are. So, just like in every field where startups come in, we looked at are they serving the customer well, or are there any operational inefficiencies that can be plugged...
The founders had plans to build the product and partnerships in March, but everything was upended by the pandemic. The duo had realised that the barrier for adoption would be high, but things would be easier if there were ancillary products such as digital gold - where users can buy certified physical gold coins but on an advanced purchase. “Digita...
The next barrier to crack was the emotional attachment and stigma associated with gold and gold loans. When the duo dug deeper, they realised that gold loans as an asset class are cheaper. If you have gold at home, you can borrow against it at one percent or less, making it one of the most affordable lending products. The other advantage is there i...
Looking deeper, the founders realised the Indian households own as much as 20,000 tons of gold, which is worth almost a trillion dollars. The team realised that lockers are difficult to get for an average middle-class household. The deposit has a lien on it by the bank so you can't touch it, you have to pay a one-year advance rental, and even then ...
The stigma associated with gold loans means most people don’t like being seen walking into a pawn shop or gold loan financer. They also don’t like displaying jewellery to a stranger and subjecting it to random purity checks. Indiagold ensures that gold in your digital locker can be used to borrow money without any documentation, for 365 days 24X7. ...
Aug 26, 2021 · Indiagold — founded by Nitin Misra and Deepak Abbot, two former executives of Paytm — is building a gold-focused digital alternative credit platform in the world’s second-largest internet...
Apr 4, 2024 · In Short. A man was stopped from attending a US visa interview because he was wearing his smart - UltrahumanHQ sleep tracking - ring. Deepak Abbot, co-founder of Indiagold, was denied entry because electronic devices are prohibited inside the consulate. You must be wondering what he did next.
![[YS Learn] Indiagold Co-founder and ex-Paytm exec Deepak Abbot on the ...](https://images.search.yahoo.com/search/images?p=Deepak+Abbot&ei=UTF-8&xargs=0&norw=1&_tsrc=apple&age=1w&th=120.4&tw=240.9&imgurl=https%3A%2F%2Fimages.yourstory.com%2Fcs%2F2%2F730b50702d6c11e9aa979329348d4c3e%2FImage0v5f-1582112135027.jpg%3Ffm%3Dpng%26auto%3Dformat&rurl=https%3A%2F%2Fyourstory.com%2F2020%2F10%2Fys-learn-deepak-abbot-indiagold-paytm-product-thinking-startups&size=33KB&name=%5BYS+Learn%5D+Indiagold+Co-founder+and+ex-Paytm+exec+Deepak+Abbot+on+the+...&oid=2&h=400&w=800&turl=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.R2xHfzGG6f5pcxUzwTjW4gHaDt%26pid%3DApi%26rs%3D1%26c%3D1%26qlt%3D95%26w%3D240%26h%3D120&tt=%5BYS+Learn%5D+Indiagold+Co-founder+and+ex-Paytm+exec+Deepak+Abbot+on+the+...&sigr=n0D_vbj4JzJs&sigit=Fzkm4ui4FDFW&sigi=iM1lyyaPDM4K&sign=y_tB46l3iGml&sigt=y_tB46l3iGml "[YS Learn] Indiagold Co-founder and ex-Paytm exec Deepak Abbot on the ...")
![[YS Learn] Indiagold Co-founder and ex-Paytm exec Deepak Abbot on the ...](https://images.search.yahoo.com/search/images?p=Deepak+Abbot&ei=UTF-8&xargs=0&norw=1&_tsrc=apple&age=1w&th=120.4&tw=144.9&imgurl=https%3A%2F%2Fimages.yourstory.com%2Fcs%2F2%2Fa9efa9c02dd911e9adc52d913c55075e%2FImage6dlt-1602414967180.jpg%3Ffm%3Dpng%26auto%3Dformat%26w%3D800%26blur%3D500&rurl=https%3A%2F%2Fyourstory.com%2F2020%2F10%2Fys-learn-deepak-abbot-indiagold-paytm-product-thinking-startups&size=52KB&name=%5BYS+Learn%5D+Indiagold+Co-founder+and+ex-Paytm+exec+Deepak+Abbot+on+the+...&oid=3&h=665&w=800&turl=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.vjGQtWpRwqohsH9ajE6mDgHaGK%26pid%3DApi%26rs%3D1%26c%3D1%26qlt%3D95%26w%3D144%26h%3D120&tt=%5BYS+Learn%5D+Indiagold+Co-founder+and+ex-Paytm+exec+Deepak+Abbot+on+the+...&sigr=n0D_vbj4JzJs&sigit=Rx_uheX7B4Y4&sigi=NORCnStXLvCa&sign=y_tB46l3iGml&sigt=y_tB46l3iGml "[YS Learn] Indiagold Co-founder and ex-Paytm exec Deepak Abbot on the ...")
