Prod Ravindra Pandey, and statistics come tumbling out. He pulls out a sheet of paper and rattles them off. Thirty million registered users; 10 million daily logins; Rs 24,500 crore ($3.3 billion) disbursed; Rs 1,600 crore ($219 million) of investments in mutual funds.
“Is there any startup that does as much?” he asks defiantly. Except Pandey isn’t part of a unicorn-valued startup. Instead, he’s the deputy managing director of strategy and chief digital officer of India’s largest bank—the government-owned State Bank of India (SBI).
For Pandey to be challenging startups—using app metrics no less, the opiate of the startup world—seems an oddity.