Ignore ONDC at your own risk. VCs would die to have a part in this exponential growth
Do you have any categorywise data? Would be interesting to see that as well
Cool if it grows enough to make Swiggy & Zomato do better in terms of price or something else
Unless they solve for customer support, I am going to ignore it completely.
Maybe I’m ignorant but how does ONDC grow beyond food delivery?
A Grocery stores, hardware stores, fashion retailers don’t have the culture/mindset of delivering online. The delivery charges also make it unattractive for the customer use ONDC for these categories as opposed to quick commerce traditional e-commerce.
Verification/quality is also another major issue which will lead to customers only going for “known” trustable retail outlets/sellers.
Swiggy valuation down to $5.5B
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-valuati...
AMA: I work at a large VC Fund focusing on early stage investments
Hey everyone.
Thought I could do an AMA. A bit about me - have 4 years of work experience and graduated from a non engineering college. Was at a startup before (from Series B to Series D) before becoming a VC
Personally look at co...
This is the biggest problem with VC ecosystem 4 yoe kids taking calls on experienced, hardworking founders. Dude firs...
Leaked NewYorker Article on Tiger Global
https://anonymfile.com/NEEXl/tiger-global-draft-of-new-yorker-story-doing-the-rounds-in-nyc.pdf
TLDR: Tiger Global may pass soon.
A few summary points: - LP risk is over exposed to VC funds (Tiger, for these LPs) - Tiger has had abysmal investment...
AMA: Worked at tier 2 VC - got in post a few years of workex and a tier 2 Indian uni
Go ahead, ask if we pushed founders to commit fraud.
What stops you from *stealing* an idea that you found mind-blowing from a pitch of a startup trying to get a seed fun...