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.
When will this bubble be bursted!
Never ever investing again in indian startups again, this bubble will be bursted sooner or later.Mark my words
Oh no, where will Indian startups be without your "investment"!
Kids like you are the one who hype up these startups,and also I don't need an opinion of kid like u on my investment
VC funds have a lot of dry powder. They want to deploy it somewhere. So Zepto seems good bet. But inherently there's nothing good about Zepto. In general, there's almost no Alpha left in consumer internet.
@Johnmarston why do you say that? Why do you feel there's nothing inherently good about Zepto. And why is there no alpha left in consumer internet?
Aren't there still spaces in consumer internet with problems unsolved for the users, which are large enough? Would love to hear thoughts.
@WittyFeed Enlighten us. What is good about zepto?
Is that the reason they are ghosting people after the interviews to increase the headcounts?
I know that quick commerce is eating up market share of the giants like flipkart & Amazon, and I feel that this round suggests that they are trying fast! Also there was news that Amazon might be trying to acquire swiggy to break into quick commerce.
Zepto recently started delivering in my area and they're giving out free cash in Zepto wallet to every new customer. As a consumer anyone would want to get that, & so did I. Earlier I used only instamart & blinkit, but Zepto according to me has a really good strategy in place. First they're giving out free delivery for orders above 99, which is 199 in the case of instamart & blinkit. Which I believe is possible because of their dark stores being in the close proximity of the delivery. Also some of the items are better priced on zepto. All this will definately bring a lot of new and recurring customers to their platform. If they're able to acquire a lot of customers, they'll also turn profitable. Ofc they'll burn a lot of money in the initial stages, but this quick commerce space is getting existing.
Y'all need to chill the fuck out. Let Zepto do what they wanna do. Try matching their level first before you criticise everything they do. None of y'all 9-5, go home, sleep and crib about everything employees get a say in this, I'm sorry.
Yay free delivery for another year. On serious note how we purchase things is going to change one more time after stagnation of few years. Now big items would also be be delivered in 10 minutes. I think mobile phone is a segment to crack.
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...
