India, March 4 -- While walking tightrope, a little support helps go a long way, but the success at the end of the rope hinges on the fine balance. That's the way Jupiter founder and CEO Jitendra Gupta thinks.

The chief executive of neobanking startup Jupiter believes that a partnership with a traditional lender may help neobanks dodge some regulatory headwinds more easily. Still, the key to success remains in its ability to innovate solutions with undeterred focus on customer satisfaction.

Jupiter is the second in its league to be close to acquiring a stake in a traditional bank. Multiple media reports said that Jupiter's deal to pick up a 26% stake in Mauritius-based SBM Bank is awaiting the approval from the Reserve Bank of India. So...