Nitin Jain is a well-known name in the Indian startup ecosystem as the co-founder and Chief Business Officer of OfBusiness, a tech-enabled platform that provides raw material procurement and credit solutions to small and medium enterprises (SMEs) in India. With a strong background in structured solutions trading, Nitin has played a key role in OfBusiness' success, helping the company raise over $875M from top investors like Tiger Global, SoftBank Vision Fund, and Matrix Partners, among others. Today, OfBusiness is valued at around $5B and has become a leading player in the Indian SME ecosystem. Nitin Jain is an alumnus of the prestigious Indian Institute of Technology, Delhi, and has had a successful career prior to his entrepreneurial journey.
Episode Notes:
- Nitin Jain discusses his journey into entrepreneurship (2:10)
- Discovering Co-Founders and Creating the OfBusiness Idea (3:55)
- Nitin Jain shares his perspective on what's more critical: the team or the idea (6:30)
- The Early Days of OfBusiness: A Look Back at the "Aha Moment" (9:15)
- Coping with the Struggles and Insecurities of Being a Founder (12:30)
- Understanding the Composition of Winning Founding Teams (16:30)
- Nitin Jain's Unique Leadership Style and Approach (23:10)
- Fostering a People-First Culture at OfBusiness (27:10)
- Developing a Strong Company Culture as Companies Grow (29:18)
- How to Maximize the Benefits of Your Investors (32:22)
- Overcoming the Toughest Days as a Founder (39:20)
- Nitin Jain's Biggest Lesson as an Entrepreneur (41:57)
- Advice to His Younger Self: What Nitin Jain Would Have Done Differently (46:03)
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Social Links:
OfBusiness on Twitter: https://twitter.com/ofbusiness_com
Abhishek Goyal on Twitter: https://twitter.com/njain351
Podcast on Twitter: https://twitter.com/thedesi_vc
Akash Bhat on Twitter: https://twitter.com/bhatvakash
Podcast on Instagram: https://instagram.com/thedesivc
Akash Bhat on Instagram: https://instagram.com/bhatvakash
