A listening lab · hosted by Vishal Krishna Made in Bengaluru
The Upstream Life.

Long-form conversations with the founders, operators and investors building India's harder companies — robotics and silicon, credit and insurance, supply chains and studios.

Flagship deep dive · EP 174

One bill, four payments

One bill, four payments — Tejas Goenka, Tally Solutions

Tally turns forty this year, runs in eight out of ten Indian businesses, and has spent most of that time declining to tell its customers they are doing accounting wrong. Tejas Goenka walks through the cement dealer whose single invoice gets paid in four parts, why the cloud stopped being the cheap option, and what an AI feature has to prove before a small business will keep it.

171 conversations ≈135h mapped, minute by minute 30 topics networked 769 clips indexed
The deep divesNine more conversations taken fully apart — the argument in sixty seconds, a clickable chapter map, every number drawn as a chart, the clips worth your time, the transcript.
Where to startGuided routes — short sequences of timestamped clips across episodes, so you watch only what earns its minutes.
Founder journeyConsumer IndiaSaaS & enterpriseRegulation & policyVenture capitalAI & machine learning
The index

Thirty threads run through the catalogue

Every conversation is tagged and weighted into six families. See which themes hold the archive together — and pull any thread to find the episodes and clips behind it.

See the topic map
The archiveEvery conversation, newest first — search by guest, company or idea, or filter by desk.
EP 174EnterpriseDeep dive

One bill, four payments

Tejas Goenka (Tally Solutions)
43 minRead the dive →
EP 173ImpactDeep dive

The next ecosystem is a village

Ajay Jain (IIM Calcutta Innovation Park)
58 minRead the dive →
EP 172ImpactDeep dive

The rigour goes inside the timetable

Vivek Varshney (SpeEdLabs)
63 minRead the dive →
EP 171CapitalDeep dive

The tag is worth ten per cent

Pradyumna (Prequate)
58 minRead the dive →
EP 170Deep techDeep dive

The code is ephemeral, the context is the IP

Pradosh, Arvind and Vinay (LatentForce)
38 minRead the dive →
EP 169EnterpriseDeep dive

The store that still doesn't know you

Pavan Panchamukhi (RDEP)
41 minRead the dive →
EP 168ConsumerDeep dive

Gold was only the setting

Meenu Subbiah and Aditi (Meenu Subbiah Diamonds)
62 minRead the dive →
EP 167EnterpriseDeep dive

The new power source for knowledge work

Paul Roehrig (Ascendion)
43 minRead the dive →
EP 166ConsumerDeep dive

The ten per cent that took twenty years

Devangshu Dutta (Third Eyesight)
54 minRead the dive →
EP 164CapitalDeep dive

Early money is solved, Series B is not

Manish, Karthik, Rishab and Ashish (pi Ventures, Yali Capital, PremjiInvest and Kotak Alternate Assets)
44 minRead the dive →
EP 163Deep techDeep dive

Talent was never the bottleneck

Suraj and Vishal (Ankur Capital)
33 minRead the dive →
EP 162Deep techDeep dive

The moat that outlasted the licence

Gurumurthy and Nataraj (Foundation for Science Innovation and Development, IISc)
32 minRead the dive →
EP 161Deep techDeep dive

A patent is only a licence to litigate

Vikram (Independent adviser)
41 minRead the dive →
EP 160Deep techDeep dive

The valley between the lab and the line

Shailaja Nuri, Abhishek Kumar and Kedar (Sea6 Energy, VFlowTech and Philips Ventures)
47 minRead the dive →
EP 159Deep techDeep dive

Supply security is the product

Renuka and Deepak (BioPrime Agri and Morphing Machines)
41 minRead the dive →
EP 158Deep techDeep dive

The true astronauts are down here

Prashant Nair (Mission Gaganyaan)
25 minRead the dive →
EP 157FintechDeep dive

The asset class India taxed into a corner

Ashish (CoinSwitch)
44 minRead the dive →
EP 156Deep techDeep dive

The question that outlived the prize

Siva Umapathy (Gyrophint)
40 minRead the dive →
EP 155ImpactDeep dive

Make the farmer a partner, not a payee

Bhavadeep Reddy (Access Developers)
30 minRead the dive →
EP 154EnterpriseDeep dive

No single model gets you to the outcome

Arun (Articul8)
59 minRead the dive →
EP 153ImpactDeep dive

Incentives before invention

Manoj Kumar (Social Alpha)
63 minRead the dive →
EP 152ConsumerDeep dive

Validation from doctors, revenue from patients

Sriram Velliyur and Surya Maguluri (Litemed)
29 minRead the dive →
EP 151EnterpriseDeep dive

More problems, fewer bodies

Jay Modh (Intuitive Cloud)
43 minRead the dive →
EP 150FintechDeep dive

The country that trades before it invests

Bruce Keith (InvestorAi)
84 minRead the dive →
EP 149ConsumerDeep dive

The purifier is not the product

Manas (DrinkPrime)
57 minRead the dive →
EP 148EnterpriseDeep dive

The layer under half of India's chargers

Ravikiran and Siddharth (Numocity)
30 minRead the dive →
EP 147FintechDeep dive

A second to decide, two years to know

Joy (Scienaptic Systems)
59 minRead the dive →
EP 146Deep techDeep dive

Sell the model, not the monitor

Madhu and Akshay (Ambee)
36 minRead the dive →
EP 145EnterpriseDeep dive

Not everything is an LLM problem

Sujatha Iyer (ManageEngine)
46 minRead the dive →
EP 144ConsumerDeep dive

The vault moves into the clubhouse

Vijay Arisetty (Aurm)
50 minRead the dive →
EP 143Deep techDeep dive

Flight time is the whole product

Okulo's founder (Okulo Aerospace)
28 minRead the dive →
EP 142EnterpriseDeep dive

Legacy is a revenue problem, not a cleanup job

Sriniketh Chakravarthi (Apexon)
61 minRead the dive →
EP 140ImpactDeep dive

The fourth thing to flow through the wires

Abhimanyu Saxena (Scaler)
48 minRead the dive →
EP 139EnterpriseDeep dive

The weakest link has a login

Ben Goodman (Okta)
31 minRead the dive →
EP 138EnterpriseDeep dive

The event comes before the industry

Jagdish Patankar (MM Activ Sci-Tech Communications)
56 minRead the dive →
EP 137CapitalDeep dive

The 2.5% that runs the other 97.5%

Anup Jain (New early-stage fund)
49 minRead the dive →
EP 136ImpactDeep dive

Ten million nanopreneurs, not more unicorns

Madan Padaki (TiE Bangalore)
40 minRead the dive →
EP 135EnterpriseDeep dive

The mainframe never gets switched off

Chander Damodaran (Brillio)
44 minRead the dive →
EP 134ConsumerDeep dive

Scale without changing the taste

Shakir Haq (Empire)
74 minRead the dive →
EP 133EnterpriseDeep dive

Ask the diner, not the critic

Godard Abel and Sarah (G2)
43 minRead the dive →
EP 132EnterpriseDeep dive

The inventory that dies at the gate

Shyam (Sabre)
58 minRead the dive →
EP 131CapitalDeep dive

Inefficiency at scale, as an asset class

Sandeep Murthy (Lightbox)
67 minRead the dive →
EP 130CapitalDeep dive

A generation that has never seen a fall

Saket and Pavan (Quick Alpha and BCL)
61 minRead the dive →
EP 129Deep techDeep dive

The machine that leaves no molecule behind

Babu (STEER World)
62 minRead the dive →
EP 128ConsumerDeep dive

Who pays for the bridge to a job

Krishna Kumar (Simplilearn)
54 minRead the dive →
EP 127CapitalDeep dive

The introduction is the investment

Venk Krishnan (NuVentures)
57 minRead the dive →
EP 126ConsumerDeep dive

The hard part is getting it off the shelf

Rahul Johar (Oxbow Brands)
48 minRead the dive →
EP 125ImpactDeep dive

The farm is not a factory

Shashi Kumar (Akshayakalpa)
62 minRead the dive →
EP 124EnterpriseDeep dive

Cost is the part you can control

Srividya Kannan (Avaali)
51 minRead the dive →
EP 123EnterpriseDeep dive

A system of execution, not of record

Prashant Singh (LeadSquared)
58 minRead the dive →
EP 122EnterpriseDeep dive

Twenty-five cities to earn a name

Deepthi Muthuraman (Ascendion)
34 minRead the dive →
EP 121ImpactDeep dive

Eight per cent, with a warning label

Pavan Sharma (BCL India)
61 minRead the dive →
EP 120CapitalDeep dive

The cheque is only a quarter of the deal

Mitesh Shah (Inflection Point Ventures (IPV))
41 minRead the dive →
EP 119Deep techDeep dive

The 1% that knows, the 99% that decides

Kumaar Bagrodia (NeuroLeap)
93 minRead the dive →
EP 118EnterpriseDeep dive

Buy the tools, then hire the hacker

Sandeep (AppSecure Security)
51 minRead the dive →
EP 117EnterpriseDeep dive

The transformation engine transforms itself

Ragu Rajaram (EY Global Delivery Services (EY GDS))
44 minRead the dive →
EP 116CapitalDeep dive

Build local, sell global, and wait twelve years

Naganand Doraswamy (Ideaspring Capital)
56 minRead the dive →
EP 115FintechDeep dive

Push the behaviour, don't wait for it

Akash Sinha (Cashfree Payments)
51 minRead the dive →
EP 114Deep techDeep dive

Capital is the easy part

Anil Achyuta (TDK Ventures)
60 minRead the dive →
EP 113EnterpriseDeep dive

The centre that became the headquarters

Nilesh (Zinnov)
43 minRead the dive →
EP 112Deep techDeep dive

The cheapest battery is the one you don't buy

Gagan (Planet Electric)
52 minRead the dive →
EP 111EnterpriseDeep dive

Respect needs scale, scale needs software

Aditya Mishra (CIEL HR)
44 minRead the dive →
EP 110Deep techDeep dive

Teach it the world before you teach it to drive

Gagandeep (Minus Zero)
48 minRead the dive →
EP 109Deep techDeep dive

Power density, not energy density

Arun Vinayak (Exponent Energy)
37 minRead the dive →
EP 108ConsumerDeep dive

The promise is arrest, not cure

Dr Deepa and Aarti (Zveta)
43 minRead the dive →
EP 107Deep techDeep dive

Plenty is not productivity

Shailendra Tiwari (Fasal)
44 minRead the dive →
EP 106EnterpriseDeep dive

Building the same company twice

K Pandiarajan (CIEL HR)
48 minRead the dive →
EP 105ConsumerDeep dive

The shelf is the marketing budget

Gagana Ganesh (Grab Me)
43 minRead the dive →
EP 104ConsumerDeep dive

A hundred thousand brands, nowhere to look

Esha Tiwary (Furrl)
45 minRead the dive →
EP 103CapitalDeep dive

India's startups are Indonesia's roadmap

Shauraya Bhutani (Breathe Capital & Cap Connect)
48 minRead the dive →
EP 102Deep techDeep dive

The technologies that friction sets free

Nicolas Sauvage (TDK Ventures)
37 minRead the dive →
EP 101ImpactDeep dive

No money to play with

Pavan Sharma (BCL India)
49 minRead the dive →
EP 100EnterpriseDeep dive

The moat is the engine, not the output

Neha Singh (Tracxn)
51 minRead the dive →
EP 99Deep techDeep dive

Physics doesn't ship over the air

Ranjita and Prajwal (Orxa Energies)
53 minRead the dive →
EP 98Deep techDeep dive

Using deep tech is not creating it

Narendra Bhandari (Seafund)
57 minRead the dive →
EP 97Deep techDeep dive

Nobody owns the car's data yet

Satish (Elektrobit)
58 minRead the dive →
EP 96ConsumerDeep dive

Digitally assisted, not digital

Arjun Vaidya (V3 Ventures)
48 minRead the dive →
EP 95EnterpriseDeep dive

No one downloads a second app

Karan Javaji (Boni)
47 minRead the dive →
EP 94ConsumerDeep dive

The back end wins the shelf

Rinka Banerjee (Thinking Forks)
56 minRead the dive →
EP 93ConsumerDeep dive

The plant is legal, the word is not

Richa Jaggi (Awshad)
35 minRead the dive →
EP 92Deep techDeep dive

The lab was never the bottleneck

Krishnan Balasubramaniam (IIT Madras)
38 minRead the dive →
EP 91EnterpriseDeep dive

Where the IoT world ends

Balaji Renukumar (Sensfix)
46 minRead the dive →
EP 90Deep techDeep dive

The other 28 million developers

Kaavya Prasad (Lumos Labs)
23 minRead the dive →
EP 89EnterpriseDeep dive

A tool, not a revolution

Tomasz Stańczak (Nethermind)
26 minRead the dive →
EP 88FintechDeep dive

Coordination, not currency

Rohit Goyal (JediSwap)
32 minRead the dive →
EP 87Deep techDeep dive

Sell the use case, not the technology

Raghu Mohan (BuildersTribe)
27 minRead the dive →
EP 86Deep techDeep dive

Deep tech has no playbook, only silos

Vishesh Rajaram (Speciale Invest)
38 minRead the dive →
EP 85ImpactDeep dive

The accelerator that writes no cheques

Suranjana (Marico Innovation Foundation)
65 minRead the dive →
EP 84ImpactDeep dive

The school with no salary slip

Steve Hardgrave (Varthana)
36 minRead the dive →
EP 83ConsumerDeep dive

The whole family takes the exam

Ujjwal Singh (Infinity Learn)
50 minRead the dive →
EP 82FintechDeep dive

From fifty lakh to ten thousand

Abhijit and Sameer (GoldenPi)
48 minRead the dive →
EP 81FintechDeep dive

Build for the hardest market, then sell anywhere

Tanul Mishra (Afthonia Lab)
33 minRead the dive →
EP 80ConsumerDeep dive

Made in India, finally for Indians

Daisy Tanwani (Pinklay)
69 minRead the dive →
EP 79Deep techDeep dive

Cheaper first, green second

Marty Neese (Verdagy)
58 minRead the dive →
EP 78FintechDeep dive

The asset class wealth management forgot

Seema Harsha and Shivam Sinha (Indiassetz)
46 minRead the dive →
EP 77CapitalDeep dive

Scale is given, governance is not

Ram Yadav (Integrow Asset Management)
61 minRead the dive →
EP 76CapitalDeep dive

Nobody asked for a super app

Rohit Krishna (WEH Ventures)
46 minRead the dive →
EP 75FintechDeep dive

The dead asset on every SME's books

Manish Kumar and Devang Mundra (KredX)
52 minRead the dive →
EP 74ImpactDeep dive

Street by street, or not at all

Madhusudhan Anand (Ambee)
54 minRead the dive →
EP 73CapitalDeep dive

Investor, not landlord

Shesh Rao Paplikar (BHIVE)
46 minRead the dive →
EP 72ImpactDeep dive

The bottleneck is a branch officer

Julia Karst (Her&Now (GIZ))
68 minRead the dive →
EP 71ConsumerDeep dive

Six cities, and everything in them

Akhil Gupta (NoBroker)
33 minRead the dive →
EP 70CapitalDeep dive

The accelerator that forgot the consumer

Abhay Tandon (TVS Motor Company)
36 minRead the dive →
EP 69EnterpriseDeep dive

The layer the EV industry forgot to count

Ravi and Siddharth (Numocity)
26 minRead the dive →
EP 68FintechDeep dive

Graded on a curve built for salaried India

Puneet Gupta (Kaleidofin)
52 minRead the dive →
EP 67ImpactDeep dive

Horticulture as the second software export

Shailendra Tiwari (Fasal)
92 minRead the dive →
EP 66CapitalDeep dive

The struggle you cannot inherit

Anirudh Damani (Artha Venture Fund)
64 minRead the dive →
EP 65ConsumerDeep dive

Beds are the wrong metric

Prabhat Kumar (YourOwnRoom)
36 minRead the dive →
EP 64FintechDeep dive

Credit's last bastion is mid-market India

Vineet Sukumar (Vivriti Capital)
45 minRead the dive →
EP 63ImpactDeep dive

The Rube Goldberg device that feeds India

Mark Kahn (Omnivore)
46 minRead the dive →
EP 62ImpactDeep dive

The fifteen-day loan nobody makes

Geeta Goel and Pravash Dash (Michael & Susan Dell Foundation and Arthan Finance)
44 minRead the dive →
EP 61EnterpriseDeep dive

The constituency that cannot churn

Punit Soni (Suki.ai)
40 minRead the dive →
EP 60ConsumerDeep dive

The narcotic was only the flower

Jahan Peston Jamas (BOHECO)
66 minRead the dive →
EP 59ConsumerDeep dive

The factory nobody would fund

Chaitanya Ramalingegowda (Wakefit)
26 minRead the dive →
EP 58FintechDeep dive

Wealth enablement, not wealth management

Akshaya Bhargava (Bridgeweave)
49 minRead the dive →
EP 57EnterpriseDeep dive

Own the building, refuse the lock-in

Manoj Nair (Novel Office)
25 minRead the dive →
EP 56ConsumerDeep dive

Manufacturing the demand, not just the flowers

Harish and Rashmi (Itsy Bitsy)
36 minRead the dive →
EP 55EnterpriseDeep dive

Nobody makes money from insights

Shub and Shashank (Tredence)
38 minRead the dive →
EP 54ImpactDeep dive

The city decides the car

V Sumantran (Celeris Technologies)
67 minRead the dive →
EP 53ImpactDeep dive

The workforce that skipped the desktop

Nilesh and Kunal (Work India)
61 minRead the dive →
EP 52ConsumerDeep dive

The classroom is the sanctum

Ujjwal Singh (Infinity Learn)
50 minRead the dive →
EP 51FintechDeep dive

The will before the assets

Niranjan and Nikhil (Yellow)
52 minRead the dive →
EP 50Consumer

Why Indian proptech has not yet found its scale

Bhavadeep Reddy
~46 minEpisode notes →
EP 49Fintech

The arcade ticket as a savings instrument

Shourya (Fello)
45 minEpisode notes →
EP 48Deep tech

Soil before software

Raj Kanchan (Krishikan)
55 minEpisode notes →
EP 47FintechDeep dive

The common rail Indian B2B never built

Ritesh Agarwal (invoice)
38 minRead the dive →
EP 46Deep tech

The lab report before the diagnosis

Anirudh (Beyond)
46 minEpisode notes →
EP 45Deep techDeep dive

The car as software, the corporate as conglomerate

Dattatri Salagame (BGSW)
50 minRead the dive →
EP 44Deep tech

The commodity and the manufacture

Rohan Shenoy (Sanvio)
31 minEpisode notes →
EP 43Consumer

Better, not healthy

Anish Basuroy (TagZ Foods)
46 minEpisode notes →
EP 42ConsumerDeep dive

The fifteen-step supply chain

Sanjay Dasari (WayCool)
48 minRead the dive →
EP 41Consumer

Sandalwood’s second draft

Shwetha R Prasad (Sakkath Studio)
59 minEpisode notes →
EP 40Enterprise

Ten Co-Founders, One CEO Call

Murli Chirala (Falcon X)
52 minEpisode notes →
EP 39Fintech

Healthcare credit on tap

Chris George (QubeHealth)
49 minEpisode notes →
EP 38Fintech

Corporate Insurance Was Built for the HR Photocopy

Sanchit Malik (Pazcare)
44 minEpisode notes →
EP 37Impact

The Delivery Seat on a Development Impact Bond

Pankaj Jain (Gyan Shala) and Prem (Pratham InfoTech)
62 minEpisode notes →
EP 36ImpactDeep dive

The Cheque Pays After the Child Learns

Abha Thorat-Shah (British Asian Trust)
44 minRead the dive →
EP 35Consumer

Corporate Gifting Is the Last Tangible Bridge

Srikant Acharya (Offineeds)
45 minEpisode notes →
EP 34Capital

The CTO Who Reads Cartesian Skepticism Before Term Sheets

Vatsal Kanakiya (100X.VC)
50 minEpisode notes →
EP 33Consumer

Barely Opinionated turns the feed into a fact stack

Rohit Agarwala
47 minEpisode notes →
EP 32CapitalDeep dive

Marry Rich, or Marry for Love

Prasanna Krishnamoorthy (Upekkha)
56 minRead the dive →
EP 31Deep techDeep dive

How drones became a land-records utility

Vipul Singh (AEREO)
55 minRead the dive →
EP 30Deep techDeep dive

The factory's brain learns to breathe

Rohit Kochar (Bert Labs)
67 minRead the dive →
EP 29Impact

The civic gap PotHoleRaja decided to walk into

Saurabh on cold-mix, plastic and patient infrastructure
52 minEpisode notes →
EP 28Enterprise

The Warranty On The CTO

Roopa Kumar (Purple Quarter)
49 minEpisode notes →
EP 27Deep tech

The Carbon-Fibre Micropod

Namit Jain (Zen Mobility)
53 minEpisode notes →
EP 26ConsumerDeep dive

From Hello to IPO

Bharati Balakrishnan (Shopify India)
54 minRead the dive →
EP 25Deep techDeep dive

Two Kinds of Computers

Jim Keller (Tenstorrent)
51 minRead the dive →
EP 24Enterprise

Customers Before the Product

Vikas of ACVISS
38 minEpisode notes →
EP 23Enterprise

Inside a Fortune One Talent Engine

Deepali Dani, Walmart Global Tech
14.5 minEpisode notes →
EP 22Enterprise

The Spinal Cord Goes to the Model

Rohit Chatter (Walmart Global Tech)
9 min 28 secEpisode notes →
EP 21Enterprise

The interval between purchases

Nitya Shah (WebEngage) on retention marketing
40 minEpisode notes →
EP 20Consumer

The Boring AR Wins

Sourabh Paithane (Myntra)
~8 minEpisode notes →
EP 19Consumer

The community partner

Varun Khurana (Otipy)
Episode notes →
EP 18Fintech

Save Now, Buy Later

Paddy Raghavan, Multipl
~33 minEpisode notes →
EP 17Deep tech

Where Drones Actually Pay Back

Arjun Naik (Scandron)
55 minEpisode notes →
EP 16Capital

The disciplined Series-A seat

Rohit Bhayana (PeerCapital)
Episode notes →
EP 15Deep tech

Two Hundred Million Lines

Prashant Doreswamy (Continental India)
~54 minEpisode notes →
EP 13Enterprise

Why retention is the metric founders should pitch

Anand Lunia & Nyasha (WebEngage)
Episode notes →
EP 12Enterprise

Becoming a CFO

Ramani Dathi (TeamLease)
Episode notes →
EP 11Capital

The Bottom of the Pyramid Is Built

Shashank Randev (247VC)
65 minEpisode notes →
EP 10Impact

The Two Ledgers of Growth

Healthy or Unhealthy India
Long-form panelEpisode notes →
EP 09Enterprise

The GCC Edge

Xpheno
Episode notes →
EP 08Consumer

The Matching Problem Nobody Owns

Priyanka, Mohur
~38 minEpisode notes →
EP 07Enterprise

The Twenty-Year Rewrite

Sudhir Kesavan (CitiusTech)
~46 minEpisode notes →
EP 06Fintech

Underwriting the Unbanked

CreditAccess Life
~38 minEpisode notes →
EP 05Capital

The next fifteen years of Indian consumption

Vinay Singh (Fireside Ventures)
Episode notes →
EP 04Enterprise

Provenance Becomes the Licence

Karan M V (GitHub)
~42 minEpisode notes →
EP 03Enterprise

The Audit Trail Is the Product

Acuity Knowledge Partners
Episode notes →
EP 02Enterprise

The Commute Is the Product

Routematic
~38 minEpisode notes →
EP 01Deep tech

The Patent Before the Prototype

Raghu (Anscer Robotics)
38 minEpisode notes →
From the editor

The story under the company.

The Upstream Life is a series of long-form conversations with the founders, operators and investors building India's harder companies — robotics and silicon, credit and insurance, supply chains and studios. We go upstream of the headline, to how the thing was actually built.

Every episode ships with a listening lab: a sixty-second brief, the ideas worth carrying into your own work, the lines worth keeping — and for the flagship dives, the numbers drawn out and the hour mapped chapter by chapter.

Meet the masthead

Vishal Krishna
Vishal Krishna
Host · founder & editor, theupstreamlife.com