Deepinder Goyal and Navil Noronha: a study in contrasting exits
And what that says about how far Eternal can push its norm-defying acts
The Ken Podcast
A snapshot of some of the free flowing conversations we've had on Two by Two in 2025
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This year, Two by Two covered stories from Bengaluru to the world including business, tech, and everything in between. We didn’t just stick to the usual. We asked about people, trends, and the things others weren’t paying attention to. We brought on guests who didn’t rehearse their answers and tried to make sense of things as they happened.
Some episodes turned out to be prescient. Some were messy. Some sparked arguments in our inbox. All of them tried to do what we set out to do: spot hidden connections, ask unasked questions, and figure out what’s really going on.
This final episode is Rohin looking back at six moments from the year with clips from conversations that stood out. Between each one, he adds context and some behind-the-scenes perspective on why it mattered.
Episode 31: Airtel fights spammers. And Truecaller’s business model- https://the-ken.com/podcasts/two-by-two/airtel-fights-spammers-and-truecallers-business-model/
Episode 47: Who broke Bengaluru, and how do we fix our cities? – https://the-ken.com/podcasts/two-by-two/who-broke-bengaluru-and-how-do-we-fix-our-cities/
Episode 50: In an AI age, India does not have an open source strategy – https://the-ken.com/podcasts/two-by-two/in-an-ai-age-india-does-not-have-an-open-source-strategy/
Episode 51: The invisible whale that capsized India’s leaky options boats – https://the-ken.com/podcasts/two-by-two/the-invisible-whale-that-capsized-indias-leaky-options-boats/
Episode 66: What will bring ambition back from the dead? – https://the-ken.com/podcasts/two-by-two/what-will-bring-ambition-back-from-the-dead/
To everyone who listened, argued with us, sent guest suggestions, or just stuck around, thank you. Next year, we’re coming back with everything that makes Two by Two what it is, but bigger and better. Maybe even a few surprises. Stay tuned.
There won’t be an episode next Thursday. We’ll return on January 8th, 2026.
This episode was produced by Uddantika Kashyap and mixed and mastered by Rajiv CN, our resident sound engineer.
And what that says about how far Eternal can push its norm-defying acts
The Walmart-backed company commands nearly half of India’s digital-payments landscape. But its financials trail its smaller, listed rival
As the logistics firm plans to pour IPO money into new warehouses and long leases, incumbents are squeezing returns from assets they locked in when land was cheaper, and rents were lower
The Ken has learnt that the Centre is holding deeper discussions on allowing private schools to run as for-profit entities to encourage transparency and long-term steady growth
A complex system with feedback loops that pulls us towards a future we imagine possible
Private labels meet brand ambition
So far, only Wechat seems to have cracked the code to creating an apps-within-an-app ecosystem. Can AI take it to the rest of the world?
The IT services firm is seeking a secondary listing to match the valuation of its Indian rivals. But logistical and regulatory challenges lie in the way
The co-founder on how Darwinbox grew quietly before it grew big
In this episode, we unpack the rise of what we are calling the “fitness warrior”. This is a new professional archetype where work follows the same logic as sport: optimise, train, perform.
As India’s data law kicks in, WhatsApp outreach is getting regulated, and a new compliance market is emerging fast
The IT services firm is seeking a secondary listing to match the valuation of its Indian rivals. But logistical and regulatory challenges lie in the way
The Sequoia-backed cross-border remittance startup Aspora wants to win over 15 million NRIs at all costs, and it has to decide which cost it wants to bear—regulatory or cross-border realities
The Supreme Court’s recent guidelines and a state’s AI mandate hint at a fragmented overhaul—one testing whether tech can cut through decades of procedural drag
Here are the ones—whether it’s The Nutgraf, Long and Short, or Trade Tricks—that you didn’t expect
Here are the stories that our subscribers read and shared the most in 2025
Here are some of the episodes—across our six different podcasts—that listeners loved
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