Digital
Paisabazaar opens doors to credit with first retail store in Gurugram
MUMBAI: Credit just got a shopfront makeover. Paisabazaar, India’s largest credit marketplace and free credit score platform, has stepped off the screen and onto the street with the launch of its first-ever retail store in Gurugram. This brick-and-mortar debut marks the fintech’s bold push to blend face-to-face financial advice with its tech-driven backbone.
Over the next few weeks, the lender will expand with two more stores in Delhi and Noida before rolling out an ambitious 100 outlets across Mumbai, Delhi/NCR, Bengaluru, Chennai, Hyderabad and other metros. These hubs won’t just sell loans but will serve as financial pitstops for every kind of borrower from first-time credit seekers to small business owners offering guidance on personal loans, home loans, business loans and credit cards. For those less comfortable navigating apps, Paisabazaar’s physical presence promises hand-holding, personalised solutions and a friendlier gateway into the world of credit.
“The retail store is a new business model for us, one that combines the comfort of a physical interaction and a technology-led seamless experience,” said Paisabazaar CEO Santosh Agarwal. “Our physical presence will help us both scale our business and deepen consumer trust.” The initiative aligns with the fintech’s larger goal of bridging the digital–physical divide and building a hybrid model that caters to millions of Indians who want the reassurance of a handshake alongside a loan approval. In a country where credit literacy still has miles to go, Paisabazaar’s retail foray may well prove to be credit where it’s due.
Digital
OpenAI’s Stargate lead Peter Hoeschele exits with two senior leaders
Trio behind compute push set to join new startup amid leadership reshuffle
SAN FRANCISCO: Peter Hoeschele, a key figure behind OpenAI’s early Stargate data centre initiative, has exited the company, according to a report by The Information.
The departure is part of a broader leadership shift, with two other senior executives, Shamez Hemani and Anuj Saharan, also set to leave in the coming days. All three are expected to join the same new startup, although details about the venture remain under wraps.
The trio played a central role in OpenAI’s Stargate effort, an initiative aimed at building large-scale data centre capacity in-house to reduce reliance on external infrastructure providers. Their exits mark a notable moment for the company’s compute strategy as it continues to scale rapidly.
OpenAI spokesperson said in a statement to The Information, “We’re grateful for the contributions Peter, Shamez, and Anuj have made to OpenAI and wish them the very best in what comes next.” The company also pointed to the recent appointment of Sachin Katti to lead its industrial compute organisation, signalling continuity in its infrastructure roadmap.
OpenAI has indicated that it does not plan to directly replace Hoeschele’s role, suggesting a possible restructuring of responsibilities within the team.
As competition intensifies in the race to build next-generation AI systems, leadership changes in core infrastructure teams are likely to draw close attention. For now, the spotlight shifts to what this departing trio builds next, and how OpenAI adapts as it scales its ambitions.
