Figment of imagination: Capitalmind CEO on viral post on UPI 'killing' toffee business

October 17, 2022 08:58 AM

A LinkedIn post claiming that UPI is "killing" the candy business has gone viral.

Drawing a link between candy makers losing revenue and the rise of UPI, GrowthX Founder Abhishek Patil said shopkeepers would "trade toffees for loose cash" earlier, but this stopped with UPI.

Capitalmind CEO Deepak Shenoy refuted Patil's claim, saying it "seems like a figment of imagination".

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