The note, signed by startup founders including Policybazaar s Yashish Dahiya, Bharat Matrimonys Murugavel Janakiraman, Makemytrips Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company. The founders requested the regulator to reassess "the proportionality of restrictions".