by SnoozyPotatoFounder
Runway is getting exhausted
We are left with few months of runway. Pretty lean team. Tried everything within the scope. Nothing strikes. Will give it one last push.
WigglyBanana
Third Wave has only 1 year of runway left, with 70% of it's outlets being loss making 🤯
8mo ago
DizzyNarwhal
DerpyBurrito
Stealth8mo
Sad that these companies don't prioritize profitability first than growth. This model of growth at all costs is now coming to bite many startups in their ass
CosmicLlama
Freelancer8mo
These businesses are not meant to be profitable. They were started to raise funds and founders made a ton of money. So the business was successful.
SqueakyDumpling
SAP8mo
When they prioritise profit over growth people tag them as 'lala company' ig it's about execution irrespective of whatever be the outside noise.
PrancingPotato
Stealth8mo
Building consumer business is hard in India. Another reason I think is expanding quickly. Occupancy rates are low, average revenue per seat is average, operating expenses is high due to high rent, fancy interior and staff salaries.
PeppyDonut
PayTM8mo
Not really! If that were the case you wouldn’t see SRK, Ajay Devgan, Akshay Kumar and Tiger promoting Vimal. The problem with third wave is they thought the 1% is ready to pay unrealistic amount for “experience”. End of the day, even the 1% wants value for their money and will only spend on stuff that is super exclusive.
FluffyKoala
Zomato8mo
Yes. 1% would pay for convenience, but yes experience not so much, when it really isn't that exclusive and there are tons of good alternatives available.
PeppyDonut
PayTM8mo
Only two models work in India Massy or Classy. Anything in the middle will get crushed. Either you sell Vimal Gutkha or run an invite only night club.
PeppyUnicorn
Stealth8mo
Didn't they raise $35M in September?
TwirlyMuffin
Freelancer8mo
exhausted 😁?
SqueakyDumpling
SAP8mo
faster than my monthly expenses
SquishySushi
KPMG8mo
This is despite the quality going downhill at many outlets.
CosmicDumpling
Stealth8mo
Why can’t people focus on volume? That is where the real india lies. People will spend 20 rs daily at a chaiwaala instead of 200 at one.
QuirkyMuffin
Rubrik8mo
Because most volume plays like that don't scale.
There's no brand in selling 10/20 rs chai. A local chaiwala will just trump your franchise.
SnoozyDumpling
PayU8mo
Know the founders. Never felt they were the ultra fast growth kind. They have a new CEO who is running the show. Not surprised by this outcome.
BubblyPanda
Haldiram8mo
Overpriced coffee in hipster cafes was a ZIRP. Like overpaid designers ans product managers.
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