So, someone was asking this question to me on GV 2d back like eatclub is spending so much on promotions. Will they be able to sustain?
Ans In foodtech if LTV > GMV-CAC then it's fine. People order 2k-3k worth food, so 5oo is a small cac.
Moving forward, what do u think about foodtech space in India, Tam is huge but so many firms already there and food n relationship are two stuff ki if it's bad u will not go back to the situation again.
India has a lot of food tech unicorn 🦄.
Do you think Dil foods kinda firm which run on cloud kitchen based strategy can work in long run? Btw I use swiggy and eatclub a lot and both are wonderful products!
The list you have built above has variety of 1) aggregators 2) Cloud kitchens
Dil Food is lying somewhere in between. Neither they have cloud kitchen nor aggregation.
My honest take is - Which order a restra partner will prefer during kitchen peaks? (weekends evening). Consistency of food, quality of food packaging everything becomes questionable as restra partner won’t have skin in the game.
At the same time - aggregators like Swiggy & Zomato can crush this model easily. In fact, I think zomato tried operating some cloud kitchens not sure what’s the contribution margin today.
Swiggy Zomato both tried and shut up cloud pilots.
@thomas_shelby
Never eat from a cloud kitchen. The hygiene maintained in Hotels where customers can see the cooking area is poor. Many times I have seen rats running around.
Imagine a place where no body can see. The hygiene would be non existent. I won't be surprised if they use two day old food and mask the flavour with butter. Or worse having to eat the same food half eaten by rats.
Eatsure is by rebel foods, also a cloud kitchen virtual brand based company
Yeah they rebranded...
Add curefoods also
Dil foods is not a food tech business, it's a B2B food business. Swiggy / Zomato both tried building this house via teams like New Supply / Private brands, however in my opinion, the DNA to build a food business vs food tech business is way too different.
It requires, different set of people, debt vs venture capital and slow thinking around product instead of fast paced consumer acquisition.
Coming to the space, there is always space for more given your right point around TAM.
Plan is simple, scale karo and get acquire. Founder and investor make money
Such a sad day for all of Swiggy folks out there. 💔 Swiggy’s private feed is full of layoff messages. More power to you guys, Swiggy doesn’t deserve you. You will do better wherever you go. ❤️ Please reach out to me in DM’s if you need...
Just wondering if you have to pick one app / platform, which one would it be?
Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.
CTO Dale departed just yesterday. Storefront - Madhu has been promoted to the role of CTO, and we are awaiti...
yaar pehli baat to ye ki don't assume that everyone knows the meaning of those god damned abbreviations ....
I have saved up close to a lac from my Internships, will be starting FT soon. I was thinking of YOLOing my entire savings by buying Zomato shares.
I really believe the company will grow multifolds in the future, also I won’t have qualms...
Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? The ones that have cracked product, GTM, model, or something else.
Name the best Indian startups :)
Grapevine 🙏🏻❤️