Priyanka Kanwar and Prabhtej Bhatia have found high-growth trajectory with Falcon. Can they sustain the flight?
The ‘Kite’ was designed to soar from Day 1. An economics grad from Yale University, Priyanka Kanwar came back to India in 2015. The trigger was to make an impact in the fintech world. Apart from the entrepreneurial bug that she inherited—her family had been into the business of manufacturing and real estate for over five decades—Kanwar was inspired by the thesis that she worked on during the final year of her college. She studied impact of the direct benefits transfer (DBT) system, the service delivery and expansion of financial inclusion in rural India. “I wanted to create a mobile payments startup in India,” recalls Kanwar, who started Kite Cash along with her school friend Prabhtej Bhatia in 2016. “Kite Cash was like Venmo meets M-Pesa,” says the young entrepreneur who started her first venture when she was 22.