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Ayush Agarwal

👤 Person
156 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

So we kind of thought there are like already this is already a proven model. Why don't we actually build this model for the merchant based out of India and emerging markets?

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

Because anyways, they don't have access to stripe and collecting international payment is always a pain point because all the payment gateways don't work really well and only have like 40 to 50% success rate with all the payments. So we kind of dig deep into it, understood. I think it took us almost six to eight months to understand the model itself.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

Because anyways, they don't have access to stripe and collecting international payment is always a pain point because all the payment gateways don't work really well and only have like 40 to 50% success rate with all the payments. So we kind of dig deep into it, understood. I think it took us almost six to eight months to understand the model itself.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

Because anyways, they don't have access to stripe and collecting international payment is always a pain point because all the payment gateways don't work really well and only have like 40 to 50% success rate with all the payments. So we kind of dig deep into it, understood. I think it took us almost six to eight months to understand the model itself.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And then we were fortunate enough to raise a venture round and then we kind of scaled the team, built out the product. Now we're in the process of scaling the company, getting more and more merchants and the feedback has been amazing. So, yeah.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And then we were fortunate enough to raise a venture round and then we kind of scaled the team, built out the product. Now we're in the process of scaling the company, getting more and more merchants and the feedback has been amazing. So, yeah.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And then we were fortunate enough to raise a venture round and then we kind of scaled the team, built out the product. Now we're in the process of scaling the company, getting more and more merchants and the feedback has been amazing. So, yeah.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

This time, I learned from my past mistakes. I didn't dig deep into building the product first, then selling it to the customers. This time, we actually built out just a simple website, talking about the problem statement, talking about the solution in general. And that took me just one or two days to build it on Framer.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

This time, I learned from my past mistakes. I didn't dig deep into building the product first, then selling it to the customers. This time, we actually built out just a simple website, talking about the problem statement, talking about the solution in general. And that took me just one or two days to build it on Framer.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

This time, I learned from my past mistakes. I didn't dig deep into building the product first, then selling it to the customers. This time, we actually built out just a simple website, talking about the problem statement, talking about the solution in general. And that took me just one or two days to build it on Framer.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And then we actually sent that website to a lot of cold emailing, cold DMing to all the potential merchants that we can onboard and started getting the feedbacks around the problem statement, around the use case, around the solution that we were kind of proposing to them. And you'll not believe, but we are actually able to contact around 250 merchants from almost 30 plus different countries.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And then we actually sent that website to a lot of cold emailing, cold DMing to all the potential merchants that we can onboard and started getting the feedbacks around the problem statement, around the use case, around the solution that we were kind of proposing to them. And you'll not believe, but we are actually able to contact around 250 merchants from almost 30 plus different countries.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And then we actually sent that website to a lot of cold emailing, cold DMing to all the potential merchants that we can onboard and started getting the feedbacks around the problem statement, around the use case, around the solution that we were kind of proposing to them. And you'll not believe, but we are actually able to contact around 250 merchants from almost 30 plus different countries.

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And we kind of validated the problem really well. And when we told them about a solution, they kind of struck with them. The early PMF sign, which we can actually expect without...

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And we kind of validated the problem really well. And when we told them about a solution, they kind of struck with them. The early PMF sign, which we can actually expect without...

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

And we kind of validated the problem really well. And when we told them about a solution, they kind of struck with them. The early PMF sign, which we can actually expect without...

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

building a product is that whether that person will actually buy it or not so we kind of end up with every people we used to ask right now you have allocated a problem will you buy a product will you use a product and actually like in the 250 people that we talked with around 100 of them actually said yes so that was kind of the validation for the problem itself

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

building a product is that whether that person will actually buy it or not so we kind of end up with every people we used to ask right now you have allocated a problem will you buy a product will you use a product and actually like in the 250 people that we talked with around 100 of them actually said yes so that was kind of the validation for the problem itself

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

building a product is that whether that person will actually buy it or not so we kind of end up with every people we used to ask right now you have allocated a problem will you buy a product will you use a product and actually like in the 250 people that we talked with around 100 of them actually said yes so that was kind of the validation for the problem itself

Code Story: Insights from Startup Tech Leaders
S10 E22: Ayush Agarwal, Dodo Payments

With that whole narrative, with that whole research around the problem and the solution, I mean, on that, we were able to raise venture capital, so that was kind of amazing.