Business analyst

Delhivery has publicly disputed the accuracy of metrics in Ecom Express' IPO prospectus.  The SoftBankbacked firm claims Ecom Express misrepresented Delhivery's business metrics.  Delhivery alleges...

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- Delhivery has publicly disputed the accuracy of metrics in Ecom Express' IPO prospectus.
- The SoftBank-backed firm claims Ecom Express misrepresented Delhivery's business metrics.
- Delhivery alleges Ecom Express inflates shipment figures by counting returns as two shipments.
- The firm also contests Ecom Express' cost per shipment calculations and zipcode coverage claims.
- This dispute arises as Ecom Express aims to raise $310 million in its upcoming IPO. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/13/softbank-backed-delhivery-contests-metrics-in-rival-ecom-express-ipo-filing/)

Delhivery Challenges Ecom Express' IPO Metrics

Journalist

Delhivery Challenges Ecom Express' IPO Metrics- Grapevine

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Does anyone know what is the budget for SPM at Delhivery ?

Delhivery

Product Manager

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Why do we see exits/re-structuring close to the IPO?

Data scientist

How is Delhivery product and tech team?

Analyst

- Ecom Express has filed for a $310 million IPO, with a primary raise of $153 million and an offer of sale by existing investors worth $157 million.
- The company’s revenue growth has slowed, with a 2% increase in FY24, and a significant net loss of $30.5 million, indicating margin pressure.
- A single client accounted for 52% of Ecom Express' revenues in FY24, raising concerns about concentration risk compared to competitors like Delhivery.
- The logistics sector is seeing a rise in captive logistics players, with Meesho’s Valmo contributing to a shift away from third-party providers.
- Major investors Partners Group and Warburg Pincus will be classified as promoters in the IPO, holding 49.8% and 27% stakes respectively. 

 Source: [The Arc](https://thearcweb.com/article/ecom-express-warburg-pincus-ipo-delhivery-3ZYhWqdMRaT8rbLi)

Ecom Express Faces Concentration Risk Ahead of $310 Million IPO

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

Can anyone here tell me what exactly went wrong with Dunzo... I was working on a case study related to the same... Would certainly help me a lot

What went wrong with Dunzo?

Ab ho gya na fundraise? What's the point of saying these things now. You are not listed. You have already raised close to $1bn. It's not like this is bringing new customers.
What's the point of all this PR now?
Why not focus on execution instead of saying things that will bite you in the ass in the future

Zepto - I don't understand

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-5-bn-2nd-markdown-in-4-months-10549051.html

Swiggy valuation down to $5.5B

AMA. Happy to answer anything about the Product. I'm looking forward to it.

Director Product at one of the respectful US based Product company in logistics space. AMA.

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

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- Severe cash crunch 
- The remaining 50% of salary is expected to be paid on 15th July
- Reliance not willing to invest more funds
- Talks ongoing with PhonePe and Paytm for acquisition (Dunzo would support their ONDC backend delivery logistics)

Things not looking good for Dunzo - 50% Salary paid to Managers and above this month

Software Engineer

Latest scam in the indus valley

Software Developer

Today there was a startup that raised $300 million dollars. I have never seen people around me use this product. Even when I go to my native villages and tier 3 towns no one I have heard uses this product.

Are these guys faking metrics to please investors or is there any genuine customer base?

E-Com Startup $300 million fund raise

What happened to all Bharat focussed startups like Sharechat, Khatabook, OK Credit, Dukaan, Bikayi, Moj? Is the sector dead?

Project manager

- SoftBank Vision Fund is set to gain significantly from upcoming startup IPOs in India, including Ola Electric, FirstCry, Unicommerce, and Swiggy.
- Ola Electric, FirstCry, and Unicommerce are expected to list within the next two weeks, with SoftBank holding substantial stakes in these companies.
- SoftBank's shares in Ola Electric and FirstCry are valued at about $1.5 billion, while its stake in Unicommerce is worth $42 million. In Swiggy, SoftBank's shares are valued between $700-800 million.
- The fund has invested $10.7 billion in India but has paused new investments since mid-2022, focusing instead on artificial intelligence.
- SoftBank has already cashed out over $7 billion from various exits, including $4 billion from Flipkart and partial sales in Lenskart, with significant returns from Paytm, Zomato, and Policybazaar. 

 Source: The Arc

SoftBank's Upcoming IPOs to Unlock $1.5 Billion in Value

An interesting take of mysterious profit numbers, markdown values and departure from “original idea” of growing in tier - 2, 3 cities 🥲

https://thearcweb.com/article/meesho-venture-highway-exit-vidit-aatrey-westbridge-mfMQjdaZJJHPIbz5

Meesho Mysteries🧐

- Flipkart aims to have around 100 dark stores operational by the launch of Flipkart Minutes, currently accessible to select users in certain pincodes.
- The move is part of Flipkart’s strategy to compete with Zepto, Blinkit, and Swiggy Instamart this festive season, focusing on fast delivery for non-grocery segments.
- Dark stores are being tested with employees at Flipkart’s Bengaluru headquarters, with plans to stabilize and scale up the service in specific areas.
- Flipkart’s quick commerce push is driven by revenue potential, with top platforms like Swiggy Instamart, Zepto, and Blinkit expected to surpass $1 Bn in revenue for FY24.
- This development follows Flipkart’s expansion into digital payments and fintech products, highlighting its strategy to adapt to the evolving digital commerce landscape. 

 Source: Economic Times

Delhivery Challenges Ecom Express' IPO Metrics

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