Comment a startup's name, I'll share if it's promising or whatever I know
VC here. Doing this for fun. Don't take all views seriously.
Their story is extremely respected. Only player in it's space at that scale, and to pull off an operational business that was considered impossible.
They recently turned profitable as well. I think an IPO is in view in 2 years?
I've heard culture is extremely aggressive. But great alums who have become founders.
Overvalued and employees who have joined in the last 3-4 years have made little to no money. Current revenues will not fly in public markets and major consumption centres are already tapped into. International market experiments (with Australia for example) haven’t gone well.
Agree with the fact that they’re respected to have still pulled of such a services heavy model. Ultimately the quality of business and its valuation are too different things, but an employee or investor needs to be mindful of both.
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Zomato Leading everything. Better scale in both Food as well as Grocery. Better margins. Already went through the IPO process (which would be incredibly taxing). I think it is a once in a decade company, if Blinkit actually hits expectations, which it should. Long on Zomato
Swiggy Not too far behind. Have always been better at product. I think less aggressive hence trailing. But heard very good things about founders and overall a strong team. They're 48 if Zomato is 52, that's how its been. I would invest in Swiggy too when they do ipo
Pathetic culture here for employees...you must be aware of that that as well for Swiggy. What strong team and founders?. Hiring standards dropped a lot...recruiting ASDEs and all. Good ones..they pip and lay off continuously....the so called good boss doesn't give a damn. Pure showoff going on. On the basis of which sources/figures you came on such conclusions here?.
Might be good for vp and all given the money they get and work they do here (assuming you get and info from them, jk 😂)
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Tremendous feedback on Aadit. Tbh, even at Seed stage many VCs would sing high praises about him.
They've out executed, but building Zepto out despite the presence of Blinkit and IM.
Only Nexus invested, because everybody else assumed QC wouldn't work in India, because it doesnt work in the west. Lack of balls.
I don't think they'll catch up to Blinkit/IM ever, but still such a nice outcome.
Tell something more about the skills Aadit has that makes him have tremendous feedbacks and high praises. Why is he good and how is he different?
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Don't know if the things being said are true. Leadership exits are true clearly.
All cards players are impacted by recent guidelines. I'd say it's not a good time to join them
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As a user, been here for a long time, and continue to use it so that's there. It continues to be discussed in my circles too
I think it's very tough to build in the social space, so let us wait and see
If you can send me 50K first, I'll be able to send 5.5L back.
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I feel like what's happening isn't correct.
Of all the founders, VSS has always been praised the most. From what I have seen, the man is really something.
Unfortunate what's unfolding now. Read that there are layoffs happening, quite sad.
If Paytm goes down only because RBI was hard on them, it would be sad.
I feel the RBI action might be a blessing in disguise for Paytm to trim the workforce and control the costs due to the generous amount of ESOPs provided. The next 2 quarters might not good in terms of results, but the employee costs would be the key metrics to watch for.
They would be focusing more on simply acting as a DSA, which is less revenue generating but is without any FLDG risks with the collection commission model.
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To be honest, before I never understood it myself, and I'll admit that I don't undestand their space as well
That said, I have lately heard very good things since they got into lending. Seems like it could eventually be a low margin business but with great volume, owing to the brand and platform they have built.
I am not bearish, somehow
Another very tough business to execute, probably the only team and founders who could have done it. It is no joke to build for this TG and be 1/4th the size of Amazon & Flipkart in terms of GMV.
Commission (revenue) is lesser vs. Amazon FK though.
An IPO is in sight in 1-2 years. Senior folks keep exiting. Path to IPO will be very tough due to the space they're in. But hope they make it!
Dark Horse: If they successfully spin off delivery arm similar to how Firstcry did with Xpressbees
I still don’t get the model. Somehow it’s artiya business for individuals, the best I could understand. But always keen to understand more.
My view here
1) something that’s inflated with off the book orders being booked on Meesho(jugaad) while Meesho burns money to support GMV
Or
2) somehow FK/Amazon couldn’t crack low ATS(INR 500) products
What’s your view?
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Recently became a unicorn.
Great company. Good product org.
They're far ahead in the consumer facing logistics play of anyone else. Bullish on Porter honestly.
Interesting what’s happening here.
I think it’s tremendous to reach this scale in their category.
All the commentary around sexual content being easy to sell put aside. It’s crazy that a team from India is making that much money from the west for this stuff.
I think they hire well and make them work well. Continuous growth.
Not sure what the future looks like though.
Employees seem to describe a pretty crazy and slightly mismanaged culture.
Prak95
Student
4 months ago
Hi , I am Prakhar. I was an UPSC aspirant since last 5 years and it didn't culminate in success. Now I want to start my journey in IT. I have been preparing for DevOps and Business Analyst role and have gathered skills in Kubernetes, Docker, Jenkins, Ansible, AWS, Shell Scripting, SQL, Power BI. If you have any leads regarding these roles please help me out. I am in a great need of a job, even an intership will do.
Tough business.
I think they have heavily laid off over time, and now running with a pretty lean team.
I think they will be able to turn this into a profitable business at a not so large scale eventually?
Very little idea. From what I'd heard they lost a lot of pace when Spinny came around, people loved that model.
Heard very bad things about culture. Not sure if it's true. Is it?
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Heard very good things about team and product. Tough space to monetize.
Haven't heard much since some time.
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I think both MPL and Dream 11 have clearly steered clear of new GST rules.
Heard that revenue isn't accelerating anymore, but that's okay. Economics are still amazing, and I think MPL is more product focused.
No idea about culture.
VigilantToad
Student
4 months ago
Digio
Haven't heard much about them in my time in this space.
If I had to take a bet though, newer age proptech companies have displaced classifieds successfully in other developed and developing markets
Should happen here too.
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No idea anymore
Once a darling for B2B investors.
Now much lower in scale, employees etc
Not respected because they used their funding to just create predatory pricing. Less value.
Paaji
Stealth
4 months ago
Confused Founders, Confused VC, No Value prop
Have seen it more from an eComm side that startups end up preferring RZP due to ease. That's really all I know unfortunately, that ease of use isn't the best.
Baaki had a friend in their data team who said the culture was good.
Thanks for the insight! Anyone specific that you think I could speak to and get more detailed feedback from? Happy to DM and use grapes if that'll help. :)
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Have somebody I know there and heard good things from them about culture in the product org.
Definitely a large outcome.
Look forward to their IPO.
DaringTrain
Stealth
4 months ago
Really? Aren't their loss ratios terrible? Looks like they are the only ones amongst GI, who hasn't been able to crack underwriting.
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