Source: Inc42
This will be a much bigger scam than Byju’s.
Why though? Byjus failed to provide service to its customers hence it's fair to label it as scam but what "scam" do you think is Zepto running?
There are multiple points to this :
TAM is grossly inflated in the Indian startup ecosystem, I’m ex-Policybazaar and even in 14 years, they haven’t been able to crack Tier-2 and beyond…you’re from PayTm, PayTm mall was focused on low ticket size items focused on Tier-2.
Most Quick commerce companies have an inherent cash cow product of deliveries. How do you scale that, tomorrow if anyone with a bigger purse drops in, they’ll be able to put a squeeze on you.
Yes, they talk about their comparison with Amazon - Amazon has 350 million SKU’s - Amazon’s 20-25% revenue comes from AWS.
Quality control complaints have started dropping in…expired goods being delivered, 10 min is already beyond 18 mins on an average…10 min was their USP.
Not just India, across the globe there are two types of consumers - price conscious, convenience seekers. And looking at India’s GDP per Capita, I don’t have to explain who are bigger in number.
To summarize, till the time they’re burning cash, they’ll keep doing well in terms of GMV.
10/10 baddie’s startup is funded cus he is pretty
He is well connected.
What?? You have a crush on him?
Yeh to 26 June ki news hai na Why is it interesting again?
This is in ADDITION to that round. Which was already in addition to another round This year they have raised $1Bn from many top investors. Fucking crazy because they don't even use that much capital, this is just them saving up for many years, because people are too excited
Crazy Zomato guy is commenting for Zepto 😂😂😂
Flipkart also entered this chat. I am sure there is some opportunity or numbers which are making sense. Their app and dark patterns (free delivery) don’t make sense though. Anyway, let’s give this time.
Did you switch from Credit Suisse to Plivo?
DM pe aao
When will this bubble be bursted!
Zepto is in talks in order to raise $310 millions at the valuation of $5 Bn dollars , why they are raising so much money ,Are they really trying to capture the market share in quick eCommerce domain by first come and dictate ideology or...
