Slingshot Interview #6 | Startups, angel investing and user research with Ashish Tulsian, CEO Posist
Mr. Ashish Tulsian, Co-Founder & CEO of POSist Technologies Pvt. Ltd, is a rare combination of a Technocrat and Restaurateur. He kickstarted his career founding a telecom company - TechnoApex right out of engineering college, serving all major telecom operators in India for value added services. A side investment in a restaurant out of passion brought him to this side of things.Ashish realising the troubles of managing a restaurant hunted for an IT solution which could help him automate and remotely manage most part of it. With POSist he believes they can change the way restaurants function.
In this wide-ranging conversation, Ashish shares his journey of founding two startups and scaling them to multi-million businesses. We covered everything from his take on the Venture Capital Vs Bootstrapping debate to His style of running product function in Posist to impact of Covid on business and his philosophy of Angel Investing.
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According to Ashish the future for POS industry looks extremely bright as adoption of technology is percolating from large enterprises to small retailers to mom-pop shops. Building as well as delivering technology solutions is cheaper and costs get reduced further down. It will be the glue which will hold order taking, billing, loyalty program, payment gateways, CRM etc together. That’s the reason we call POSist a Platform and not just a POS anymore. Apart from being a serial entrepreneur, Ashish Tulsian has been sharing his views on the restaurant industry for EtRetail.com, Business Insider and a gamut of publications.