Podcasts about bigbasket

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Play Episode Listen Later Mar 26, 2025 19:07

In January this year, nearly every single employee of the OG E-grocer Big Basket received an email from their CEO, Hari Menon. It was supposed to be a rallying cry. The Tata-owned e-grocery giant had finally—after much hemming and hawing—embraced quick commerce.For a long time, Bigbasket didn't care much for quick commerce. Menon himself dismissed it in April 2023 as unnecessary and “thrust upon” consumers.But now the Tata board has had enough. Quick commerce isn't just a fad anymore, it is the industry. Which is why, the pressure is on for Big Basket to make up for lost time and get back on the right track. And that's going to take a whole lot more than just an email. Tune in. Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

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Razorpay, Phonepe, and others confront Juspay's “white box” (30-minute version)

Two by Two

Play Episode Listen Later Mar 10, 2025 28:57

On January 20th, the online publication The Head and Tale broke the news that two of India's largest payment aggregators and gateways, Razorpay and Cashfree, were severing ties with India's largest payment orchestrator or router, Juspay.Payment gateways are the simplest. They simply facilitate a payment transaction between a merchant's website and a bank. But because these days, we have so many ways to pay. Cards, UPI, net banking, wallets, etc. Many payment gateways also aggregate these methods and offer customers and merchants a choice.Hence, they're payment aggregators.Now most leading gateways are also aggregators. This includes Razorpay, Cashfree, PayU, Paytm*, etc.The most important layer right now, and the topic of today's discussion, is orchestration or routing.Like a conductor in an orchestra, orchestrators sit above payment gateways and payment aggregators and determine who gets to play.What that means is when a customer is trying to do a transaction on a merchant's site, the orchestrator or router assigns it to a particular payment gateway or aggregator depending on various things like where success rates are high, who's offering competitive rates, etc.That's what happens with large organizations like Flipkart, BigBasket, Swiggy, etc.For instance, you must have seen when you're trying to make a transaction on any of those sites after you enter your card details; you must have seen the Juspay modal, or briefly, website appear when you're trying to enter your OTP, or it's fetching that.That's what Juspay does.It sits above payment aggregators and gateways, and it kind of plays this conductor role, assigning transactions to where they are most likely to succeed or where they are most competitively priced for the merchant that Juspay is operating with.That's the topic of today's discussion because Razorpay and Cashfree decided to stop working with Juspay.Now that's very interesting, and it's essentially the trigger to what we'd like to think of as sort of like a much larger war which is going to break out with one set of payment aggregators on one side and the other side another set of payment aggregators, and of course, Juspay.Joining hosts Rohin Dharmakumar for the discussion are Vimal Kumar, founder of Juspay; Anand Balaji, co-founder of Xflow and former India head for Stripe; and Abhishek Madan, who used to be vice president of Product at Paytm*.Welcome to episode 28 of Two by Two.*Paytm founder Vijay Shekhar Sharma is an investor in The Ken.–Additional reading:Razorpay and Cashfree woke up and chose violenceAdditional listening:Why Stripe could not become the Stripe of India–Help us find interesting women guests by filling out this survey - https://theken.typeform.com/to/KH0EOLGo–This is a free 30-minute version streaming on all podcast streaming platforms. If you'd like to listen to the full episode, you can do so by becoming a Premium subscriber to The Ken or by subscribing to Two by Two on Apple Podcasts via a separate standalone subscription.This episode of Two by Two was produced by Hari Krishna. Rajiv CN, our resident sound engineer, mixed and mastered this episode.If you liked this episode of Two by Two, do share it with like-minded individuals who would be interested in listening to the episode. And if you have more thoughts on the discussion, we'd love to hear your arguments as well. You can write to us at twobytwo@the-ken.com

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Massive India opportunities are in these sectors (+ how to build successful startups) | 30 mins MBA with K Ganesh

The Ashish Sinha Show

Play Episode Listen Later Mar 5, 2025 31:03

How to build successful startups. Watch this 30 mins MBA (well, almost) with K Ganesh - serial entrepreneur and investors behind successful startups like BigBasket, Portea Medical, Bluestone, HomeLane, Freshmenu.In this episode (the last one in the series), Ganesh and Ashish discuss several topics ranging from the next big opportunities in India to traits of a successful Indian company.1. Why vanity metric work (and don't)2. The top 5 sectors in India3. The next big what , i.e. big opportunities in India4. Are Kirana scores under threat?5. Follow the money: The #1 principle K Ganesh has when it comes to evaluating startup ideasK Ganesh has also published his book bringing together the best of his learnings - Mastering Disruptions : https://amzn.to/3FgZgDOUnPluggd with Sinha podcast is a new format bringing together the very best of India's high-growth businesses across a range of industries - done in a very candid, unpluggd style!

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Razorpay, Phonepe, and others confront Juspay's “white box” (10-minute trailer)

Two by Two

Play Episode Listen Later Feb 6, 2025 10:36

On January 20th, the online publication The Head and Tale broke the news that two of India's largest payment aggregators and gateways, Razorpay and Cashfree, were severing ties with India's largest payment orchestrator or router, Juspay.Payment gateways are the simplest. They simply facilitate a payment transaction between a merchant's website and a bank. But because these days, we have so many ways to pay. Cards, UPI, net banking, wallets, etc. Many payment gateways also aggregate these methods and offer customers and merchants a choice.Hence, they're payment aggregators.Now most leading gateways are also aggregators. This includes Razorpay, Cashfree, PayU, Paytm*, etc.The most important layer right now, and the topic of today's discussion, is orchestration or routing.Like a conductor in an orchestra, orchestrators sit above payment gateways and payment aggregators and determine who gets to play.What that means is when a customer is trying to do a transaction on a merchant's site, the orchestrator or router assigns it to a particular payment gateway or aggregator depending on various things like where success rates are high, who's offering competitive rates, etc.That's what happens with large organizations like Flipkart, BigBasket, Swiggy, etc.For instance, you must have seen when you're trying to make a transaction on any of those sites after you enter your card details; you must have seen the Juspay modal, or briefly, website appear when you're trying to enter your OTP, or it's fetching that.That's what Juspay does.It sits above payment aggregators and gateways, and it kind of plays this conductor role, assigning transactions to where they are most likely to succeed or where they are most competitively priced for the merchant that Juspay is operating with.That's the topic of today's discussion because Razorpay and Cashfree decided to stop working with Juspay.Now that's very interesting, and it's essentially the trigger to what we'd like to think of as sort of like a much larger war which is going to break out with one set of payment aggregators on one side and the other side another set of payment aggregators, and of course, Juspay.Joining hosts Rohin Dharmakumar for the discussion are Vimal Kumar, founder of Juspay; Anand Balaji, co-founder of Xflow and former India head for Stripe; and Abhishek Madan, who used to be vice president of Product at Paytm*.Welcome to episode 28 of Two by Two.*Paytm founder Vijay Shekhar Sharma is an investor in The Ken.–Additional reading:Razorpay and Cashfree woke up and chose violenceAdditional listening:Why Stripe could not become the Stripe of India–This is a free ‘10-minute trailer' streaming on all podcast streaming platforms. If you'd like to listen to the full episode, you can do so by becoming a Premium subscriber to The Ken or by subscribing to Two by Two on Apple Podcasts via a separate standalone subscription.This episode of Two by Two was produced by Hari Krishna. Rajiv CN, our resident sound engineer, mixed and mastered this episode.If you liked this episode of Two by Two, do share it with like-minded individuals who would be interested in listening to the episode. And if you have more thoughts on the discussion, we'd love to hear your arguments as well. You can write to us at twobytwo@the-ken.com

head business news tale startups product curiosity cards payments confront stripe 10 minute synthesis upi otp flipkart paytm swiggy whitebox payu bigbasket hari krishna

251: The Winning Formula to Build Billion-Dollar Businesses | Ganesh Krishnan (Serial Entrepreneur)

The Startup Operator

Play Episode Listen Later Feb 1, 2025 67:27

In this episode of The Startup Operator Podcast, Roshan sits down with K. Ganesh, the serial entrepreneur behind BigBasket, Portea, Bluestone, and HomeLane. They delve into topics like staying relevant in the ever-changing startup ecosystem, the importance of focusing on large, core sectors, and the reality of embracing both failures and small successes in entrepreneurship. Ganesh shares his insights on potential sectors for future startups, including green energy, climate tech, and space tech, while emphasizing the need for passion and a bit of foolishness in believing in one's ideas. They also discuss the importance of planning for exits, how to build scalable businesses, and leveraging the latest technological disruptions like Generative AI. This episode is filled with practical advice and frameworks for aspiring and current entrepreneurs. Topics: 00:00 Introduction 00:50 Guest Background 02:15 Staying Relevant in the Startup Ecosystem 08:10 Building Scalable and Exitable Businesses 24:26 Changing Consumer Behavior 30:25 Storytelling for Investors 32:15 Choosing the Right Investor 33:46 Understanding Investor Motivation 34:44 Challenges in the Indian Market 44:01 The Importance of Timing in Exits 50:31 Emerging Sectors and Opportunities 56:40 Mastering Disruption: Key Takeaways 01:05:10 Recommended Reads and Final Thoughts

75 Minutes Of Pure Business Insights From The Man Behind BigBasket, BlueStone & HomeLane

Play Episode Listen Later Jan 31, 2025 75:49

Ganesh Krishnan is the man behind some of India's most iconic startups, including BigBasket, Bluestone, Homelane, and TutorVista—India's first ed-tech startup before ed-tech was even a category.Ganesh explains how he thinks about business opportunities in India, why he keeps it simple, and why Indian entrepreneurs need to keep it simple. He shares candid stories—from raising BigBasket's first $10M on a flight to successfully exiting an ed-tech company 15 years ago.If you're curious about India's startup ecosystem and want to understand what works in India, this episode is for you!Read Ganesh Krishnan's latest book: Mastering Disruption: A Practical Guide to Understanding New-Age Business ModelsTimestamps00:00 - Trailer 01:37 - Introduction to K. Ganesh02:05 - Ganesh's Entrepreneurial Journey03:32 - The Growth Story Model06:28 - Challenges and Successes in Fundraising09:25 - Case Study: The BigBasket Story22:12 - Business Models and Market Timing33:51 - Opportunities in India's Broken Systems41:44 - The Evolution of Business Models42:15 - Valuation of Loss-Making Companies42:51 - Network Effects and Demand Economies of Scale43:51 - Platform Businesses vs Traditional Businesses46:27 - Challenges in Platform and Marketplace Ventures50:36 - Exploring SaaS and FinTech Opportunities51:41 - Growth and Monetization Challenges57:44 - Consumer Behavior and Microtransactions01:06:08 - The Rise of Quick Commerce01:09:21 - Vertical Software and Generative AI01:15:43 - What's Next for India's StartupsHi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShowwConnect with Siddhartha on:LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Twitter: https://x.com/siddharthaa7-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us a text

Why investors can't get enough of Zepto

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Play Episode Listen Later Jan 23, 2025 13:28

FROM THE ARCHIVES (This episode was first published July 1, 2024)The Economic Times reported yesterday that Zepto, the quick-commerce startup, is in talks to increase the size of its initial public offering to $800 million-$1 billion. Zepto earlier planned to raise $450 million through the issue. Even when it entered the quick commerce scene for the first time in 2021, Zepto was a disruptor. Now, it is the third largest company in the market after Blinkit and Swiggy Instamart. Last year, it secured its biggest funding ever at a US$3.6 billion valuation, mainly from its existing investors.Venture Intelligence, a data provider told The Ken that the US$660 million funding was the largest bet made by VCs in Indian startups in 2024. What did Zepto do to get all this attention from investors?Tune in.Also listen to:Daybreak: Why we date, marry, or breakup with Swiggy Instamart, Blinkit, Zepto & BigBasket

Aman & Anupam Get Way Too Real for 20 Minutes Straight | Dostcast w/ Vinamre Kasanaa

Dostcast

Play Episode Listen Later Dec 27, 2024 22:04

Anupam Mittal and Aman Gupta are the Sharks on Shark Tank India Season 4. They evaluate pitches from aspiring entrepreneurs and decide whether to invest in their ideas. Anupam Mittal is the Founder and CEO of People Group and Shaadi.com. He has invested in over 200 startups, including companies like Ola Cabs, Druva, and BigBasket. Aman Gupta is the Co-founder and Chief Marketing Officer (CMO) of boAt, one of India's leading consumer electronics and lifestyle brands. Aman is known for his innovative and quirky marketing campaigns, which have helped boAt resonate with millennials and Gen Z in India. In this episode Vinamre and the panel talk about: - Experience of Shark Tank - Learnings from Elon Musk and Deep Work - Handling Pain and Stress at High Positions - Importance of Ego in Running a Business - How to Handle Money - Why People from the Baniya Community Excel in Business Timestamps: 00:00 - Introduction 2:50 - Elon Musk's strategies and deep work 6:23 - Managing stress and the role of ego in business 16:36 - Managing finances and the Baniya mindset 21:36 - Conclusion ==================================================================== This is the official channel for Dostcast, a podcast by Vinamre Kasanaa. Connect with me LinkedIn: https://www.linkedin.com/in/vinamre-kasanaa-b8524496/ Instagram: https://www.instagram.com/vinamrekasanaa/ Twitter: https://twitter.com/VinamreKasanaa Dostcast on Instagram: https://www.instagram.com/dostcast/ Dostcast on Twitter: https://twitter.com/dostcast Dostcast on Facebook: https://www.facebook.com/profile.php?id=61557567524054 ==================================================================== Contact Us For business inquiries: dostcast@egiplay.com

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Scaling CV Checkout in Grocery Stores with ISV and OEM Collaboration

To the Edge and Beyond

Play Episode Listen Later Dec 18, 2024 24:39

The grocery retail industry in India is undergoing a major transformation, driven by AI-powered solutions that bridge the gap between online and offline experiences. In this episode of To the Edge and Beyond, Michelle Dawn Mooney speaks with Rakshit Daga, Chief Product & Technology Officer at BigBasket; Raghavendra Bhat, Principal Engineer at Intel Corporation; Nitin Bajaj, Director, SMG at Intel Corporation; and D. Baskaramoorthy, Vice President Sales at Posiflex India.Rakshit Daga shares how BigBasket uses computer vision-based self-checkout to streamline operations in physical stores. “AI helps us provide a seamless and efficient shopping experience for customers. Our edge-based checkout systems identify products, weigh them, and bill instantly without human intervention. This innovation drives operational efficiency while delighting customers.”To achieve real-time performance, Raghavendra Bhat discusses how Intel's Tiger Edge Platform powers AI inferencing at the edge. “Moving AI closer to the store reduces latency and bandwidth costs while enabling a faster checkout process. Intel's edge solution ensures cloud-like ease of management, giving retailers greater flexibility and scalability.”Hardware plays a pivotal role in this ecosystem. D. Baskaramoorthy highlights how Posiflex customizes dual OS POS systems to meet BigBasket's specific requirements. “Our hardware integrates weighing scales, scanners, and AI-driven recognition into a single device, providing a seamless sub-30-second checkout experience that keeps customers coming back.”Nitin Bajaj emphasizes the power of collaboration: “Intel's ecosystem strategy connects technology partners to build innovative, scalable solutions. The collaboration between Intel, BigBasket, and Posiflex demonstrates how AI can transform the retail landscape.”By integrating AI and edge computing, this partnership sets new benchmarks for omnichannel retail, enhancing customer satisfaction and operational efficiency.You can reach out to our guests on LinkedIn:Rakshit DagaRaghavendra BhatNitin BajajD. BaskaramoorthySubscribe to To The Edge and Beyond on Apple Podcasts and Spotify for more insights from Intel's Internet of Things Group.

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Scaling CV Checkout in Grocery Stores with ISV and OEM Collaboration

To the Edge and Beyond

Play Episode Listen Later Dec 18, 2024 24:39

The grocery retail industry in India is undergoing a major transformation, driven by AI-powered solutions that bridge the gap between online and offline experiences. In this episode of To the Edge and Beyond, Michelle Dawn Mooney speaks with Rakshit Daga, Chief Product & Technology Officer at BigBasket; Raghavendra Bhat, Principal Engineer at Intel Corporation; Nitin Bajaj, Director, SMG at Intel Corporation; and D. Baskaramoorthy, Vice President Sales at Posiflex India.Rakshit Daga shares how BigBasket uses computer vision-based self-checkout to streamline operations in physical stores. “AI helps us provide a seamless and efficient shopping experience for customers. Our edge-based checkout systems identify products, weigh them, and bill instantly without human intervention. This innovation drives operational efficiency while delighting customers.”To achieve real-time performance, Raghavendra Bhat discusses how Intel's Tiger Edge Platform powers AI inferencing at the edge. “Moving AI closer to the store reduces latency and bandwidth costs while enabling a faster checkout process. Intel's edge solution ensures cloud-like ease of management, giving retailers greater flexibility and scalability.”Hardware plays a pivotal role in this ecosystem. D. Baskaramoorthy highlights how Posiflex customizes dual OS POS systems to meet BigBasket's specific requirements. “Our hardware integrates weighing scales, scanners, and AI-driven recognition into a single device, providing a seamless sub-30-second checkout experience that keeps customers coming back.”Nitin Bajaj emphasizes the power of collaboration: “Intel's ecosystem strategy connects technology partners to build innovative, scalable solutions. The collaboration between Intel, BigBasket, and Posiflex demonstrates how AI can transform the retail landscape.”By integrating AI and edge computing, this partnership sets new benchmarks for omnichannel retail, enhancing customer satisfaction and operational efficiency.You can reach out to our guests on LinkedIn:Rakshit DagaRaghavendra BhatNitin BajajD. BaskaramoorthySubscribe to To The Edge & Beyond podcast on Apple Podcasts and Spotify to stay updated with more insights from leaders in the Intel and Edge Network group.

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How Flipkart and Bigbasket are forging a new path in the quick-commerce race

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Play Episode Listen Later Dec 4, 2024 12:33

It has been about four months since Minutes, Flipkart's all new quick-commerce service was launched in Bangalore. But Flipkart isn't doing e-commerce the old fashioned way. It's not taking on the likes of Blinkit or Swiggy Instamart directly by promising speedy grocery deliveries. Instead, its big focus is electronics. It is a space that quick-commerce giants like Blinkit, Swiggy and Zepto – have all dipped their toes in. But Flipkart wants to take things to the next level. Like one Flipkart manager told The Ken, the company is trying to increase the width rather than the depth of the electronics category. The idea is to give more options to customers, but in limited quantities. But while it may not be taking on Blinkit and Swiggy Instamart directly, Flipkart does have another major challenger – Croma, India's second-largest electronics retailer. And courtesy a partnership with Big Basket, Croma is also getting into the quick commerce business. However, building the capability to deliver large electronics, that too in volume, is not an easy task. So how do they plan to do it? Tune.Listen to the latest episode of Two by Two hereDaybreak is now on WhatsApp at +918971108379. Text us and tell us what you thought of the episode!Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.Listen to the latest episode of Two by Two here

Ep 118: Payments Business 101 FT. Cashfree Payments

Founders Unfiltered

Play Episode Listen Later Nov 17, 2024 52:29

Brought to you by the Founders Unfiltered podcast by A Junior VC - Unscripted conversations with Indian founders about their story and the process of building a company. Hosted by Aviral and Mazin. Join us as we talk to Akash Sinha, the Co-founder and CEO of Cashfree Payments about their story. Akash completed his B.Tech in Computer Science from IIIT Hyderabad in 2012 and began his career as a Software Engineer at Amazon. In 2015, he took the entrepreneurial leap and founded Cashfree Payments.

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Is it time for 10-minute medicine deliveries?

Mint Business News

Play Episode Listen Later Nov 8, 2024 4:07

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, November 8, 2024. This is Nelson John, let's get started. One of India's marquee airlines finally ended its journey yesterday. The Supreme Court ordered the liquidation of Jet Airways, ending a long quest for survival. Krishna Yadav writes that the Jalan Kalrock Consortium had failed to meet obligations such as infusing ₹350 crore and settling worker dues, leading to this decision. Jet Airways has been bankrupt since April 2019. Krishna adds that this case has raised concerns about the effectiveness of India's Insolvency and Bankruptcy Code, particularly regarding airline insolvencies. Have you ever thought why we get pizzas and groceries in 10 minutes, but not life-saving medicines? That might change soon. Jessica Jani writes that companies like Tata 1mg, PharmEasy, and Apollo 24/7 are piloting ultra-fast medicine delivery services. 1mg is collaborating with fellow Tata brand BigBasket for quick delivery in select cities, while Apollo 24/7 has launched a 19-minute delivery in major markets. Swiggy is also partnering with PharmEasy for under-10-minute deliveries in Bengaluru. However, inventory management, medicine storage, and regulatory compliance are big challenges. In a surprise decision, the government announced that it will stop paying interest on National Savings Scheme accounts from October 1. This means that both principal and interest will be taxable on withdrawal. Aprajita Sharma spoke to NSS holders who expressed concerns about the negative impact on their tax liabilities as senior citizens. The sudden change has also prompted calls for the government to reconsider its decision, and offer tax relief or alternative investment options. This move undermines trust in small savings schemes, and it also triggers fears about the stability of other savings products like the Public Provident Fund. A day after the big result, we're still assessing the implication of Donald Trump's victory. Shouvik Das writes that Trump's pro-business and anti-regulations will be favourable for Big Tech companies like Twitter and Meta. These companies have faced some issues in India as well as Europe, where they are under scrutiny for their trade practices. Lawyers and policymakers that Shouvik spoke to told him that Trump's backing could ease their worries in India, which has often been tough on Big Tech's practices so far. For most, homes are private spaces. It's where you come to relax, take a breather, and sometimes escape from the outside world. Not for influencers, though: Pratishtha Bagai writes about content creators who share tours of their homes on social media. House tours have become a major "self-expression trend", as Pratishtha writes. Experts suggest this fascination reflects aspirational consumer behavior. Viewers seem to be actually influenced and inspired to recreate the aesthetics of their favorite influencers in their own homes, irrespective of the high costs involved in such a practice.

BigBasket Co-founder On 10 Min Delivery, Zepto, TATA Acquisition, Wealth Creation & More

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Play Episode Listen Later Sep 29, 2024 58:22

In the competitive world of online grocery shopping, BigBasket is a name that stands out.But how did they get here?By 2011, smartphones were everywhere, and you could buy almost anything online—except groceries. The co-founders decided to try the grocery game online again, leading to the birth of BigBasket.In 2015, BigBasket pioneered the dark store model, using small, strategically placed warehouses to speed up deliveries and roll out express delivery services. In May 2021, Tata Digital, a subsidiary of Tata Sons, acquired a 64% stake in stake in BigBasket for about $1.5-2 billion from major shareholders, including Alibaba and Actis.In this episode of Neon Show, Vipul Parekh, the visionary co-founder of BigBasket, shares his invaluable insights and experiences from his entrepreneurial journey. Vipul shares candid insights on the recent disruption in the online grocery space with the rise of quick commerce.----------------Timestamp00:00 Introduction01:14 Reflections on building BigBasket for 13 years02:21 Admitting wrong predictions about online grocers03:25 Analysis of online grocery delivery changes in India05:30 Factors behind quick commerce success in India07:45 Quick Commerce's success in India vs. other countries09:22 Profitability challenges for dark stores11:52 BigBasket's market share and transition plans13:06 Leveraging Tata Group synergies in retail15:36 Shift in household behaviour towards quick commerce21:53 Why India doesn't have its own Walmart-equivalent23:15 Learnings from Big Basket28:22 Tata's long-term approach to business30:04 BigBasket founders' future involvement31:47 Lessons from Tata33:00 Implementing financial governance at BigBasket36:08 Trillion-dollar question39:49 Potential for $100B Indian Startups45:18 Building financial independence through startups49:15 Hard work Vs Luck52:20 Vipul's background 55:40 Time in Wipro and meeting VS Sudhakar-------------Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShoww-------------Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.To know more, visit https://primevp.in/-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us a text

What's wrong with a millet burger bun?

Mint Business News

Play Episode Listen Later Sep 12, 2024 3:45

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, September 12, 2024. My name is Nelson John. Let's get started.Bigbasket's quick commerce game is going strong — not just in big cities, but also in smaller towns. Customers from these cities are spending upwards of 500 rupees per order, Bigbasket CEO Hari Menon told Priyamvada C in an interview. This success points to a wider trend where quick commerce is catching on fast, thanks to the ease of ordering through platforms like Zomato and Swiggy. As Bigbasket pushes its quick commerce branch, BB Now, it's also bulking up its offerings. It is adding up to 25,000 different products and setting up more dark stores, Menon said. Influencers who partner with multiple brands will now need to pick just one. Companies want influencers to exclusively promote their products on long-term contracts. Pratishtha Bagai reports that such deals have a wide-ranging impact on the influencer marketing industry that's currently worth 1,900 crore rupees. Pratishtha spoke to companies and influencers, who might soon be at loggerheads due to such conditions. The Competition Commission of India is gearing up to potentially hit Amazon with a hefty fine, reports Gireesh Chandra Prasad. This development occurs following an investigation that confirmed the e-commerce giant's anti-competitive behaviour. Amazon is at fault under the new competition laws that could see it facing penalties up to 10% of its global turnover. The case stems from a complaint by a Delhi-based trade association in January 2020, which led to a detailed probe into Amazon's business practices. The report said that Amazon indulged in preferential treatment and exclusive product strategies of certain sellers. The market for wearable tech products like smartwatches, earphones, and rings has exploded in India over the past few years. They might not serve much utility outside of tracking your sleep, but they've become a fashion accessory, almost. Four Indian startups — Boat, Noise, Boult, and Fire Bolt are powering this industry. The scale of opportunity in India is so large that these companies turned into global leaders in the wearables category just a couple of years after starting operations. However, the demand has finally tapered off. Sumant Banerji explains the perils of these companies, who are now left holding massive inventory and muted demand in both India and around the world. Last week, during National Nutrition Week, McDonald's introduced a multi-millet burger bun in its South and Western India outlets. It was an attempt to offer a healthier alternative to the regular refined flour bun. This new bun comprises around 22% millets like Jowar, Bajra, and Ragi. However, the move has sparked controversy among nutritionists who argue that partnering a government-funded research institute with a fast-food giant like McDonald's could undermine public health objectives. They point out that despite the inclusion of millets, the buns are still processed foods with additives and preservatives. Mint's Sayantan Bera explains the controversy around McD's millet bun in today's primer.

Can Hyundai's India IPO beat the ‘Korean discount'?

Mint Business News

Play Episode Listen Later Jun 17, 2024 6:30

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, June 17, 2024. My name is Nelson John. Let's get started:Hyundai, the South Korean carmaker, has announced plans to list its Indian unit. The company, which began its Indian journey 25 years ago with the Santro hatchback, aims to raise between $2.5 billion and $3 billion by offering 142.2 million equity shares, representing 17.5% of Hyundai Motor India Ltd.'s post-offer paid-up equity share capital, valuing the subsidiary at $25-30 billion. This proposed IPO could surpass the record set by the Life Insurance Corp of India's $2.46 billion issue in May 2022, making it the largest in the country's history. The IPO also aims to address the traditional undervaluation that Korean companies face due to the dominant, often opaque, chaebol structure—a term for large family-controlled business conglomerates. Hyundai's IPO would make it the fourth major passenger vehicle manufacturer in India to be publicly listed, joining Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, as reported by Mint's autos correspondent Alisha Sachdev. The timing of this public offering is crucial as it coincides with Hyundai's rival, Tata Motors, making significant strides towards EVs and SUVs, efforts that have helped close the market share gap with Hyundai.Following the recent Lok Sabha election results, which resulted in the formation of a coalition government, bank stocks took a hit due to the perceived political uncertainty. Public sector banks saw sharper declines than the broader market on the results day. While the Nifty 50 index fell 5.9%, the Nifty PSU Bank index dropped about 15%. Although these indices have since recovered, the plunge and subsequent rebound highlight the transformative changes public sector banks have undergone in recent years, thanks primarily due to government decisions. These initiatives have dramatically improved the profitability of these banks. In fiscal year 2023-24, the net profit of the 12 PSU banks exceeded ₹1.4 trillion, a 35% increase from the previous year and a fourfold increase from 2020-21. Our partners at howindialives.com have explained how these PSU banks - the stock prices of which are heavily dependent on policy and regulation - are on an upward trend again. Click on the link in the show notes to check out the charts prepared by howindialives.com. Since the recent election results, foreign investors have been rapidly cutting down their bearish bets on Indian stock indexes, helping the Nifty and Bank Nifty reach new highs. Initially, these investors held a significant number of short positions—essentially betting that stocks would fall. By June 14, they had dramatically reduced these positions, suggesting a potential shift towards betting on stocks to rise, reports Mint's markets correspondent Ram Sahgal. This substantial change is largely due to increased political stability with Prime Minister Narendra Modi's government continuing. Interestingly, retail and high net worth investors seized this opportunity to cash in by selling their long positions—where they bet on stocks going up—to these foreign investors.Your seafood is in danger, and climate change is to blame. People across the country—from Goa to Kolkata—are finding it increasingly difficult to source fresh fish due to marine heatwaves. Rising temperatures are severely impacting marine life, especially in inland water bodies. Trivesh Mahekar, a fisheries scientist at the Indian Council of Agricultural Research's Central Coastal Agricultural Research Institute in Goa, told Mint's Puja Das that an alarming 2-5% of fish populations in lakes and ponds may have perished. Warmer water temperatures reduce dissolved oxygen levels, leading to a decline in fish populations. Fish consumption in India varies widely by region, with the highest intake in states like Karnataka, Maharashtra, and Kerala. While per capita consumption has more than doubled over the past two years, prices have increased exponentially. This deep dive by Puja Das explores the perils facing the fisheries industry and the effects climate change is having on our dietary habits.To address the sharp rise in pulse prices, the Indian government has mandated that major retail chains and online grocers report their pulse stock levels twice a week. These retailers include D-Mart, Reliance Retail, BigBasket, Amazon, and Flipkart. This move aims to improve transparency and prevent price manipulation. Recent inspections by government officials at ports and industry hubs revealed that some major retailers had been neglecting to disclose their stocks as required. In response, the Department of Consumer Affairs updated its stock disclosure portal mid-April to more closely monitor these retailers' stock levels, report Mint's Puja Das and Dhirendra Kumar. This regulatory step comes at a time when the prices of common pulses such as chana dal, tur or arhar, urad, masur, and moong have seen significant increases, ranging from 0.6% to 25% year-over-year.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Hyundai Motor India IPO set to help parent drive past ‘Korea discount'Why PSU banks are on a roll, explained in chartsFPIs cut bearish bets ahead of budget sessionDead in the water: How heatwaves are killing fishRetail chains face pulses stock rule

Why we date, marry, or breakup with Swiggy Instamart, Blinkit, Zepto & BigBasket

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Play Episode Listen Later May 30, 2024 63:21

In today's special Friday episode, The Ken's Praveen Gopal Krishnan (aka PGK) joins hosts Snigdha and Rahel to talk about India's complicated relationship with 10 minute delivery apps. They talk about how these apps are shaping our economy and society at large, and more importantly how we, as users, are shaping them.Why do we pick a particular app, what makes us switch to another one and what makes us abandon them all together?PGK asked his readers just that in a recent survey he carried out in his weekly newsletter, The Nutgraf. You can check it out here.You can also check out the Bangalore floods edition Snigdha mentioned, here.Listen to Kabir Biswas talk about Dunzo and the quick delivery business on First Principles.If you're curious about the time everyone except Zepto assumed quick commerce was dying, click here.P.S Tell us what you thought of this episode. a) Was the subject interesting enough for you? b) Did you enjoy the conversation? You can write to us at podcasts@the-ken.com.Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

How Bigbasket wasted its first-mover advantage

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Play Episode Listen Later Apr 5, 2024 11:54

In January this year, Tata Digital's BigBasket announced its rebranding for slotted delivery service to “Supersaver”, promising to deliver products in under two hours. Back when Tata had acquired the BigBasket at a reported valuation of $2 billion in mid-2021, the company was loss-making. But for those at BigBasket, it was an opportunity to shift their focus back to the company's core business: doorstep grocery delivery.While it was a bit too late when Tata realised its new acquisition was left out from the quick commerce game, there was one game that BigBasket seemed to be clearly winning.Tune in to find out.Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

How veteran VC Rahul Chowdhri spots 'stellar' needles in India's startup haystack

Founder Thesis

Play Episode Listen Later Apr 5, 2024 114:04

As one of India's earliest venture capitalists, Rahul's journey spans from Flipkart's early days to backing successful ventures like Simplilearn, BigBasket, and Livspace, and eventually founding Stellaris. In our conversation, he shares insights on the importance of listening to both customers and founders, his approaches to identifying promising startups in a crowded market and seizing opportunities in consumer products, edtech, and gaming sectors. Rahul also discusses the key traits he looks for in founders, the changing landscape for traditional businesses, and how investing during tough times can lead to resilient ventures.Get notified about the latest releases and bonus content by subscribing to our newsletter at www.founderthesis.comRead more about Stellaris Venture Partners:-1.In good times or bad, Stellaris Venture Partners has a steady startup investment strategy2.Cos have to answer more difficult and important questions for late-stage funding today, says Stellaris Venture's Chowdhuri3.Early Partners of Fearless Founders With Audacious Goals4.Gen AI will compel companies to rethink their value propostion: Alok Goyal Stellaris Venture Partners5.We do not suffer from FOMO: Stellaris Venture Partners6.Stellaris Venture Partners' chosen path: Make contrarian bets, but with deep conviction

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Career Principles with Former HR Head of Big Basket TN Hari

Network Capital

Play Episode Listen Later Mar 21, 2024 57:28

TN Hari is an advisor and sounding board to numerous young entrepreneurs and startups. He is also a Strategic Advisor at ‘Fundamentum', which is a homegrown growth phase VC fund set up by Nandan Nilekani and Sanjeev Aggarwal. Hari was the former HR at BigBasket. He has studied at IIT & IIM and worked at an executive level with multiple start- ups/scale-ups and has been through four successful exits in different industries (Daksh, Virtusa, Amba Research, TaxiForSure). His passion is in scaling organizations through clear thinking and relentless execution. He writes regularly on LinkedIn. LinkedIn identified him as the one of the Top Voices in India for three years in a row (2016, 2017, and 2018). He has Co-authored three books. The last two books were “Cut the Crap and Jargon – Lessons from the Startup Trenches” was published by Penguin; and “Cutting the Gordian Knot – India's Quest for Prosperity” was published by Bloomsbury.

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How Reliance Jio CHANGED India, Bharat's FLAWS & Empowering Farmers | BigBasket Founder on Neon Show

Venture Capitalist's Daily

Play Episode Listen Later Oct 6, 2023 80:17

This week's episode is an CAPTIVATING look at how Reliance changed India forever, the flaws that Bharat as a country has & how BigBasket has empowered farmers as we welcome V S Sudhakar, co-founder of BigBasket, to the Neon Show!How Did Mukesh Ambani Change India Forever?What Weaknesses Does India Have As A Country?Does BigBasket Have Any Benchmarks For Profitability?“We See Education Not As A Barrier, But As An Enabler At BigBasket.”All these riveting topics and more in this PLEASANT & INFORMATIVE conversation. A real look into the hidden brains behind BigBasket's success & a man with a golden smile… Tune in NOW!*Sponsor Shout Out*Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.To know more, visit https://primevp.in/!

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AI, Funding & Security

Play Episode Listen Later Sep 29, 2023 15:54

Generated by Tailor.Get your own personalized daily podcast! Sign up for freeIn this podcast episode, we discuss the potential collaboration between OpenAI, Jony Ive, and SoftBank to build an AI-powered consumer product, the delay in forming a self-regulatory body for the gaming industry in India, additional fees imposed by Uber and BigBasket, and ecommerce platforms preparing for festive season sales. We also cover the recent surge in funding for Indian technology startups, a decline in funding for Seattle-based startups, and concerns around data security risks with the use of generative AI. Tune in for insights on AI, funding, and security in the tech industry. Music: Mosaic [Electro] by Hardcore Scm. Licensed under: http://creativecommons.org/licenses/by/3.0/News articles cited in this episode:- ETtech Deals Digest: September brings some cheer as funding more than doubles sequentially https://economictimes.indiatimes.com/tech/funding/ettech-deals-digest-september-brings-some-cheer-as-funding-more-than-doubles-sequentially/articleshow/104045549.cms- OpenAI, Jony Ive, SoftBank's Masayoshi Son in talks to build ‘iPhone of AI': report https://economictimes.indiatimes.com/tech/technology/openai-jony-ive-softbanks-masayoshi-son-in-talks-to-build-iphone-of-ai-report/articleshow/104033982.cms- Debiopharm Innovation Fund: A €141+ million initiative to transform pharma R&D and cancer care innovation https://www.eu-startups.com/2023/09/debiopharm-innovation-fund-a-e141-million-initiative-to-transform-pharma-rd-and-cancer-care-innovation/- Stats Show Seattle's Startup Mojo Is Waning https://news.crunchbase.com/venture/seattle-startup-stats-2023-terrapower/- Generative AI Poses Risks, But Outright Bans Aren't The Best Solution https://www.forbes.com/sites/forbestechcouncil/2023/09/29/generative-ai-poses-risks-but-outright-bans-arent-the-best-solution/- OpenAI, and iPhone Designer Collaborate on Mystery “iPhone of AI” Device https://techround.co.uk/news/openai-iphone-designer-collaborate-mystery-iphone-ai-device/- Govt defers plan for gaming self-regulator; internet firms introduce per-order charges https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/govt-defers-plans-for-gaming-self-regulator-consumer-net-cos-opt-for-per-order-fees/articleshow/104029904.cms- The Beginning of the AI Phone Wars https://www.theinformation.com/articles/the-beginning-of-the-ai-phone-wars- Online gaming companies tax demand in line with legal stand: CBIC chairman https://economictimes.indiatimes.com/tech/startups/online-gaming-companies-tax-demand-in-line-with-legal-stand-cbic-chairman/articleshow/104026968.cms- It Is The Age Of GenAI, But Has It Come Of Age? https://www.forbes.com/sites/forbestechcouncil/2023/09/29/it-is-the-age-of-genai-but-has-it-come-of-age/- Engadget Podcast: Meta's Quest 3, AI and Ray-Ban smart glasses https://www.engadget.com/engadget-podcast-meta-quest-3-ai-chatbots-123005634.html?src=rss- I Guess We're All Talking to Our Glasses Now https://www.wired.com/story/gadget-lab-podcast-614/- EV startup Fisker raises $150 million from existing investor https://economictimes.indiatimes.com/tech/funding/ev-startup-fisker-raises-150-million-from-existing-investor/articleshow/104048413.cms- Govt rules out review of egaming GST notices; WestBridge to buy secondary stake in Meesho https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/tax-notice-to-online-gaming-firms-stands-legally-tcs-retains-indias-most-valuable-brand-tag/articleshow/104046314.cms

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EP33 [P1]: Crafting premium beverages w/Sober & Co's Sharan Kripalani

Bazaar

Play Episode Listen Later Sep 10, 2023 53:44

In this episode, I invited Sharan Kripalani - founder of Sober & Co, a ready to drink premium handcrafted lifestyle beverage company. They use exotic ingredients to curate innovative flavors, and looking at their aesthetic bottles will make you want to partyyyy! Staying sober, would be a challenge ;) I had a lot of fun talking to Sharan about how things work in the FMCG beverage market and learnt a ton of stuff in this conversation. We covered a range of topics like: (00:00): Introduction (04:16): Sober & Co – a brief insight into this exciting beverage brand (08:15): The FMCG beverage market – is it ripe for disruption? (11:21): How did Sharan's entrepreneurial journey start? (14:30): Talking about the initial days @ Sober & Co (17:27): TIMELINE – converting an idea into a product on the shelf (25:26): THE ELEVATOR PITCH FOR SOBER & CO (28:50): Sugar, sugar, sugar – why it is important to create a zero sugar beverage brand (33:31): Talking about customer traction and product adoption (36:31): WHAT'S THE BEST SELLING FLAVOR? (40:12): What is the best performing geographical location in India for their beverages? [I thought it was going to be Delhi!] (44:04): Who is the typical customer and which distribution channel is working really well? (47:01): THE PIPELINE – new flavor launches and exploring new geographies What are you waiting for? Order your first bottle from Sober & Co's website. You can also find them on Amazon or Bigbasket.

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One thing today in tech – Indian SaaS leader Zoho crosses 100 million users worldwide

Forbes India Daily Tech Brief Podcast

Play Episode Listen Later Sep 6, 2023 5:50

In today's episode we take a quick look at Zoho's latest milestone, with the Indian SaaS leader crossing 100 million users, but first a few headlines. Headlines HeromotoCorp will invest up to Rs. 550 crore in a rights issue of Ather Energy Private Limited, the Indian two-wheeler giant told stock exchanges on Sep. 4 in a statement. Atomicwork, a cloud software provider of productivity software, has raised $11 million in seed funding led by Blume Ventures and Matrix Partners, TechCrunch reports. Richard Lobo, an executive vice president and former head of human resources at Infosys, has resigned, marking the latest in a series of top-level exits at the company, Moneycontrol reports. One thing today Zoho, India's biggest cloud software company, has surpassed 100 million, the Chennai-to-California company said in a press release. Zoho says it is the first bootstrapped SaaS company to reach this milestone. Last year the company hit $1 billion in revenues, and Zoho is one of a handful of SaaS companies in India that are profitable. Started more than 25 years ago, the company's growth over the last 15 years, with the rise of the cloud computing model, has taken it from 1 million users in 2008 to 100 million today. The latest 50 million users were added within the past five years. And the company sells more than 55 products to over 700,000 businesses in some 150 countries, according to its press release. “We are not done yet,” co-founder and CEO Sridhar Vembu said in the release. The company has an innovation pipeline covering the next 10 years and it is investing in deep technologies to serve billions of users around the world, he said. Zoho defines midmarket customers as companies with 250 employees each and those with a thousand or more workers as classic enterprise, or the upmarket segment. India shows a significant presence of enterprise customers adopting Zoho, CMO Praval Singh had said in an interview with Forbes India in June this year. In the SaaS business, larger customers mean more users and increased complexity, resulting in higher revenue per customer. The upmarket segment contributes over half of Zoho's business in India, and a third of its entire business. As its products matured, larger businesses adopted its solutions. This led Zoho to establish dedicated teams with expertise in serving large companies. “We also developed an interoperable ecosystem, enabling easy integration with third-party applications through APIs, connectors, and partnerships,” Praval said in that interview. To cater to larger enterprises, the company launched the Zoho Marketplace, which has more than 1,800 extensions and garners 30,000 monthly installations. In 2018, Zoho introduced an enterprise business solutions team as trusted partners, offering assistance in digital transformation projects, from consulting to implementation and training. Zoho has focused on helping large enterprises streamline and optimise their technology stacks, addressing challenges such as integration, data silos, scalability, and flexibility. By helping customers overcome these obstacles, Zoho has played a meaningful role in supporting their growth and progress over the years, Praval says. India is one of the fastest-growing markets for Zoho, where the company has witnessed three year compounded annual growth of 65 percent in its upmarket segment. Customers in India include IIFL, Bigbasket and Tata Play Fiber. Zoho's upmarket growth in India is led by sectors such as banking, financial services and insurance (BFSI), manufacturing, retail, fast-moving consumer goods (FMCG), pharmaceuticals, and IT. The company has collaborated with government departments and public sector units (PSUs) to support their digitalisation efforts and contribute to the modernisation of the public sector.

Reporters Without Orders Ep 285: Farm laws and corporatisation of agriculture

Reporters Without Orders

Play Episode Listen Later Aug 26, 2023 39:36

This week, host Basant Kumar is joined by The Reporters' Collective journalist Shreegireesh Jalihal.Shreegireesh had reported how an NRI businessman, linked to the BJP, had sent a proposal to the Niti Aayog to corporatise the agriculture sector – paving the way to the farm laws that were repealed after wide-spread protests. He divulged his findings regarding the making of the controversial laws and shed light on how a government-appointed task force served as a “lobbying platform for corporates”. He also shared that the government's task force consulted mostly big corporations such as the Adani group, Patanjali, BigBasket, Mahindra Group and ITC. He delved into how farm laws accommodated corporate interest at the cost of the farmers' welfare. He also highlighted that the Adani group had advocated to remove restrictions on corporates hoarding agricultural commodities.Tune in.Timecodes00:00:00 - Introduction00:01:18 - Farm law committee00:37:10 - RecommendationsRecommendationsShreegireeshBlood Meridian: Or, the Evening Redness in the WestJujutsu KaisenBasantIn Farmers' NamePrem Gali Ati Sankaree (A Novel)Produced by Saif Ali Ekram, recorded by Anil Kumar, and edited by Umrav Singh Gurjar. Hosted on Acast. See acast.com/privacy for more information.

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Startup Fridays S4 Ep 17: TN Hari's counterintuitive ideas on purpose and other notes on Indian startups

Forbes India - The Startup Fridays Podcast

Play Episode Listen Later Aug 4, 2023 64:50

In this episode, TN Hari, co-founder of Artha School of Entrepreneurship, who's also a prolific author on building for India, and an angel investor, talks about his learnings from across his career – from being a corporate executive at Tata Steel to diving into startups like TaxiForSure and BigBasket. He talks about problems in India that aren't necessarily amenable to the hyper-growth model of VC funded startups. And he talks about the value of some highly effective leaders, who're almost invisible to the public eye, he says.

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E90 | Hari T N | Straight Talk

Inspire Someone Today

Play Episode Listen Later Jul 20, 2023 42:26

Embarking on an entrepreneurial journey and thinking of joining the Indian startup ecosystem? Tune in to today's episode with our seasoned guest, Hari, as we traverse the thrilling landscape of Indian startups, dissecting the rise of entrepreneurship, the changing investor landscape, and the impact of mega-trends on budding businesses. Strap in for an insightful discussion, where we unpack the challenges of scaling and sustaining unique business models, while weighing the benefits of a VC industry that champions one or two large players against a cottage industry model that fosters hundreds of smaller players.In the pulsating world of startups, achieving product-market fit is paramount. With Hari, we illuminate this unique culture and highlight key factors to consider when deciding to join a startup. Drawing parallels from the success story of BigBasket, we uncover crucial insights into what it takes to make a startup profitable. We also investigate the enduring traits of successful leadership in our rapidly evolving world and discuss the importance of staying ahead of the curve.Our conversation doesn't stop at the top 70 million Indians with access to resources. We consider the next 400 million citizens, exploring potential solutions for them, methods to gain their trust, and strategies to design products that cater to their needs. As we highlight the emergence of entrepreneurs from tier three and four towns, we question what it will take for India to become a powerhouse of startups. We conclude with a poignant discussion on journey vs. destination, the role of mentors, and the power of uncluttered thinking and empowerment. Don't miss out on this riveting conversation, loaded with invaluable insights for anyone keen on navigating the Indian startup ecosystem. Available on all podcast platforms, including, Google Podcasts, Apple Podcasts, YouTube, Spotify

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Tata needs BigBasket to fulfill its retail ambitions

Play Episode Listen Later Jun 19, 2023 12:23

When Tata acquired the e-grocer, BigBasket, at a reported valuation of $2 billion in mid-2021, the company was loss-making. For those at BigBasket, it was an opportunity to shift their focus back to the company's core business: doorstep grocery delivery. While it was a bit too late when Tata realised its new acquisition was left out from the quick commerce game, there is one game that BigBasket seems to be clearly winning.Tune in to find out.Recommended reading: Torn between growing competition and Tatas' ambitions, $3.2B BigBasket is at a crossroadsDaybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

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Caixin China Biz Roundup: Alibaba Exits Indian Payments Giant

Caixin Global Podcasts

Play Episode Listen Later Feb 14, 2023 8:36

Alibaba offloads remaining stake in Paytm, U.S. private equity giant Warburg Pincus to expand foothold in China, and Pinduoduo's Temu makes splashy Super Bowl debut. Subscribe to our free newsletters: https://www.caixinglobal.com/newsletter/ Are you a big fan of our shows? Then please give our podcast account, China Business Insider, a 5-star rating on Spotify, Apple, or wherever you listen to podcasts.

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How Zepto Made 10 mins Grocery Delivery Possible in India at scale with Founder & CEO, Aadit Palicha

The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC

Play Episode Listen Later Jan 16, 2023 41:21

The Indian Grocery market was at 396 Billion Indian Rupees in 2022. Over 95% of Indian grocery stores are made up of Kiranas or small grocery stores. While supermarkets account for about 4% of total grocery shares, online groceries are not even near one percent. Which stands as a huge potential market for companies like BigBasket, Blinkit, Swiggy Instamart, Zepto, JioMart, and Dunzo to scale.Zepto pioneered 10 min grocery delivery In India. It's a phenomenon that took India by storm. And this is a unique Indian offering. Nowhere in the world has 10 min delivery been pioneered and scaled like in India.And there are very few businesses born once in a decade that change consumer behavior permanently. Flipkart pioneered e-commerce in India, BigBasket pioneered grocery in India delivered in 3-4 days and Zepto has pioneered grocery delivered in 10 mins. In this episode, we have Aadit Palicha, Founder & CEO, Zepto sharing his journey so far with us.During the conversation, Aadit also mentioned about his first startup, moving back to India during Covid, dropping out of Stanford, and starting Zepto.Notes - 00:00 - Intro01:36 - The life story of Aadit before starting Zepto02:36 - First startup at age 1608:18 - Dropping out of Stanford10:21 - First round of funding from Y-combinator and Nexus12:30 - Growth & Challenges in Zepto's journey so far17:35 - Is grocery a big enough category to build a large enough business? 20:54 - Is it possible to become profitable in this space? 25:50 - Headwinds in their business28:46 - Going public in India at $10 Bn34:00 - Where does 99%+ of his learnings come from?37:45 - Avoid taking a hit on culture as you scale Also, try out a 30-day free trial of Zoho Payroll, and simplify your Payroll journey as an entrepreneur! https://zoho.to/zoho-payroll

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The Gig Economy Gets Grimmer

The Morning Brief

Play Episode Listen Later Jan 5, 2023 40:45

There will be over 2 crore gig workers by the end of this decade. But what are the conditions they work in? How do the platforms that rely on these gig workers to fulfill their deliveries support them? And how much do they pay them? The answer to each of the questions is dismal. Host Mugdha Variyar speaks to Balaji Parthasarathy, Professor at IIIT, Bangalore and Principal Investigator at Fairwork India, Shaik Salauddin, National General Secretary - Indian Federation Of App Based Transport Workers (IFAT), Swarnima, Partner at Trilegal, TK Balakumar, Chief Operating Officer at BigBasket.com and Sheetal, an Uber Driver from Delhi to know the ground reality. If you like this episode from Mugdha Variyar, do check out her other episodes - Will the digital rupee gain currency in India?, India plays bad cop to developed world at COP27, E-Bazaar Economy Lights Up and more! You can follow our host Mugdha Variyar on her social media:Twitter - https://twitter.com/Mugdha_VariyarLinkedin - https://www.linkedin.com/in/mugdha-variyar-97387625/ Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.

E-commerce Pricing That Drives Your Sales Through the Roof with Ankur Barot

Impact Pricing

Play Episode Listen Later Dec 5, 2022 30:51

Ankur Barot started his career in engineering and soon transitioned to business. Currently, he is an e-commerce expert and is working as the manager of strategic initiatives at BigBasket, one of the biggest online grocery platforms in India. In this episode, Ankur talks to us about the important strategies when it comes to pricing in the world of e-commerce. He shares valuable tips on how to make customers choose your platform over your competitors', and how to charge different prices on different customers depending on their buying behavior and your competitors' prices. Why you have to check out today's podcast: Find out the factors to consider in pricing your products in the online market Learn how to make customers choose your platform over your competitors' platforms Discover how to charge different prices on different customers by monitoring their buying behavior and your competitors' prices “In pricing, it is definitely very important considering how your costs are aligned and how the competitive prices align. A large part is also on how you are communicating the price to customers.” – Ankur Barot Topics Covered: 01:32 – How Ankur got into pricing 02:17 – The work that BigBasket does, and what makes it unique 04:29 – COVID gave the companies that did delivery a chance to explode in growth 05:54 – Ability to shop in stores again did not stop customers from ordering online 06:39 – COVID was almost like a forced trial where people had to order online; and they found it to be easier and more convenient 08:11 – Promotions and other factors that determine whether customers will place an order on your platform or not 11:21 – How to get customers to order on your platform instead of your competitor's platform 16:12 – Analyze how much your customers are willing to pay for a product; Make sure the customers would get what they want even right before the billing process 20:05 – How to charge different prices to different customers by monitoring their buying behavior as well as the competitors' prices 23:29 – How companies in India find the prices of their competitors' products 27:02 – Ankur's pricing advice 29:36 – Connect with Ankur Key Takeaways: “We learned that pricing plus the stock availability as well as assortment, as well as how you are charging the convenience fee – all these aspects will decide whether the customer is placing an order on your platform or not.” – Ankur Barot “It is not about only the product pricing that the e-commerce portal has, it is what other parts of the chain that will bring in a customer and place an order on your platform.” – Ankur Barot “At the back end, what the company or what we are trying to do is select our key value items that the customer will remember the prices for, and we'll definitely build a long-term perspective that they are the cheapest among all the competitors.” – Ankur Barot People / Resources Mentioned: BigBasket: https://www.bigbasket.com/ Connect with Ankur Barot: LinkedIn: https://www.linkedin.com/in/ankurbarot/ Email: ankurbarot19@gmail.com Connect with Mark Stiving: LinkedIn: https://www.linkedin.com/in/stiving/ Email: mailto:mark@impactpricing.com

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E94: Rahul Chowdhri (Managing Partner, Stellaris Venture Partners)

Play Episode Listen Later Nov 7, 2022 60:25

Rahul Chowdhri is the Managing Partner at Stellaris Venture Partners, an early-stage tech-focused venture capital firm based in Bangalore with investments in companies such as Mamaearth, MFine, Whatfix, Vogo, among many others. Rahul is an industry veteran, having been in Indian venture for over 15 years. He started his investing career at Helion where he was a Partner and led investments in companies such as BigBasket, Simplilearn and Livspace. At Stellaris, he focuses on B2B & B2C Commerce, Consumer Brands, Content/Social, Agri-Tech, Recruitment and Gaming.Prior to getting into venture, Rahul had stints in product management and consulting roles at Microsoft, MarketRx, i2 Technologies, and BCG. He holds a B. Tech degree in Electrical Engineering from IIT Kanpur and an MBA from IIM Calcutta.Episode notes:1. Current market sentiment and the state of the industry (3:03)2. What have Stellaris' top-performing companies and founders done really well in the last few years? (7:25)3. How does Rahul view investments, both cash-efficient and capital-intensive? (13:45)4. The evolution of Indian investors' risk appetite (18:30)5. What attracts investors to founders in both bear and bull markets, and what characteristics do they share? 23:26)6. How does Stellaris view market corrections in today's context? (28:26)7. What do the best operators do to take their businesses to the next level? (32:45)8. How far into the future do funds look when developing their investment thesis? (37:15)9. Fund culture, metrics, and metrics (41:07)10. What has Rahul learned about himself as a fund manager over the course of his investing career? (45:48)11. What is Rahul's decision-making framework? (50:10). . . Social Links: Stellaris VP on Twitter: https://twitter.com/Stellaris_VPRahul Chowdhari on Twitter: https://twitter.com/rchowdhriPodcast on Twitter: https://twitter.com/thedesi_vcAkash Bhat on Twitter: https://twitter.com/bhatvakashPodcast on Instagram: https://instagram.com/thedesivcAkash Bhat on Instagram: https://instagram.com/bhatvakash

E92: Gautam Patel (Founder & Managing Partner, Z3Partners)

The Desi VC: Indian Venture Capital | Angel Investors | Startups | VC

Play Episode Listen Later Oct 28, 2022 81:16

Gautam Patel is the Founder and Managing Partner of Z3Partners, a growth-stage fund based in Mumbai. Prior to founding Z3Partners, Gautam has been the co-founder of Zodius Technology Fund and Zodius Technology Opportunities Fund, successful early-growth stage Private Equity funds with a track record of investing in industry leaders such as BigBasket, Pepperfry, OfBusiness, Zivame, Medgenome and Antuit. Prior to Zodius, Gautam was the Managing Director and Head of India for Battery Ventures, a Bay-Area based venture capital and PE-fund. Prior to that he was part of the leadership team at iGATE. Gautam started his career in Investment Banking in the US with Lazard Freres. He holds a Bachelor's degree in Computer Science from the University of Texas at Austin.In this episode, we discuss Gautam's journey as an investor and everything he's learned from investing in India and India-focused businesses. Episode notes:1. Lessons learned from investing in India over the last two years (3:30)2. How are investors currently viewing the market? (7:55)3. Conviction building when a fund only invests in 8 startups per year (10:18)4. Why did Guatam transition from operating to venture capital? (15:10)5. Reflecting on Gautam's first investment and its significance in the context of India's growth story (17:40)6. Fundamentals of business management (21:10)7. The privileges and perils of being a venture investor (28:50)8. Key lessons Gautam has learned about company building from his experience operating and investing in the growth stage (41:00)9. How do you turn a business around? (48:01)10. When should investors assist founders in running their businesses? (56:00)11. Collaborating with co-investors (1:06:06)12. To what extent does Gautam's operational experience play to his strengths as an investor? (1:12:11)13. Things about Indian VC that still surprises Gautam (1:16:56). . . Social links:Z3Partners on Twitter: https://twitter.com/z3partnersGautam Patel on Twitter: https://twitter.com/gautamapatelPodcast on Twitter: https://twitter.com/thedesi_vcAkash Bhat on Twitter: https://twitter.com/bhatvakashPodcast on Instagram: https://instagram.com/thedesivcAkash Bhat on Instagram: https://instagram.com/bhatvakash

Founder Hari Menon on BigBasket- the largest Grocery platfrom, Culture & being part of Tata Group

Play Episode Listen Later Jun 19, 2022 53:46

If you're a startup enthusiasts, its highly likely that you would have read or atleast heard about the book - Saying No to Jugaad: The Making of Bigbasket by by T. N. Hari & M. S. Subramanian.In today's episode we have Hari Menon, BigBasket's founder sharing the his experience in the Indian Ecommerce Ecosystem over the last two decades. In May 2021, Tata Digital invested $375 Mn in BigBasket. They have also recently launched their quick commerce vertical called BBNow and will now compete alongside the existing players such as Swiggy, Blinkit, Zepto and Dunzo.During the episode, catch Hari talking about his learning from his first venture, his thoughts on the current market and the investment slowdown, and much more. Notes - 02:20 - Building India's online grocery market in the last two decades14:37 - Starting BigBasket at the age of 5021:16 - Dividing equity between the founders21:42 - Mistakes & Biases which got carried from his first venture24:15 - Becoming a part of Tata Group and growing bigger27:16 - Top learnings and observations from Tata Group29:30 - His thoughts on “10-minute delivery”33:14 - Any similar patterns between June 2022 and 1999 boom and bust?35:14 - Business which are not building a profitable model will suffer the most38:22 - Indian Startup Ecosystem in the next 5-10 years40:20 - Framework to identify large opportunities: Scale & Profitability42:36 - Culture at BigBasket which keeps people from moving out46:45 - Growing with the business as CEO

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Does India Really Have 100 Unicorns?

Play Episode Listen Later May 13, 2022 15:48

In this video, we take a look at India's journey to 100 unicorns, from it's first ever startup unicorn in 2011, in the form of inMobi, to neobanking startup Open becoming 100th unicorn in 2022. The term 'unicorn' was created by American VC and entrepreneur Aileen Lee in 2013, she took all of the U.S.-based software companies that were started in or before 2003 and had achieved a valuation of $1 billion through public or private market investors, and put them in a club: the Unicorn Club. In India's case, it's unicorn journey started in 2011, when InMobi, a company that was founded in 2007, became a unicorn. Following this, Flipkart became a unicorn in 2012, Mu Sigma in 2014 and then Ola in 2014. Snapdeal also became a unicorn in 2014, but they have since exited from this club due to their valuation falling below $1 Billion. Companies like Quikr, Hike and Shopclues also fall in this category. Then we have companies who have been since acquired and also bags the question that should they be counted as unicorn today? Flipkart is an example here, which was acquired by Walmart. Then you have startups like Billdesk, which was bought by PayU, PhonePe getting acquired by Flipkart and BigBasket, which became a unicorn in 2019 and were acquired by Tata Digital in 2021. All this while, India's unicorn growth was pretty slow but steady till 2017, when Jio launched its 4G services, and this brought a mobile internet revolution in the country. From 1 unicorn in 2017, India saw 10 unicorns in 2018: B2C unicorns included Swiggy, OYO, BYJU'S, Policybazaar, Paytm Mall, and Phonepe, and B2B unicorns included Rivigo, Freshworks, Billdesk, and Udaan, which was the fastest company to become a unicorn at the time - it took them just 26 months. Then, in 2019, things slowed down a bit, with just 7 unicorns that year: in the B2C category were Ola Electric, Lenskart, Dream11, Delhivery, and BigBasket, and in the B2B category were Incertis and Druva. In 2020, COVID increased people's reliance upon the internet, and host of Indian e-commerce startups like Firstcry, Cars24, and Nykaa became unicorns. Facilitating these online payments resulted in fintech companies like Razorpay and Pine Labs also achieving unicorn status. B2C startups like Verse Innovation (Dailyhunt), ed-tech startup Unacademy, fintech startup Zerodha, and SaaS startup like Zenoti and Postman also became unicorn in the same year. 2020, was followed by an even bigger year in terms of unicorns in 2021, when 44 Indian companies became unicorns. This year saw 11 E-commerce startups (Spinny, OfBusiness, Moglix, Mensa, Meesho, Mamaearth, Licious, Infra.Market, Good Glam Group, GlobalBees, Droom), 11 Fintech startups (Zeta, Slice, Mobikwik, Groww, Digit, CRED, Coinswitch Kuber, CoinDCX, Chargebee, BharatPe and Acko) becoming unicorns. Then we have 5 enterprisetech and SaaS startups (Mindtickle, MapmyIndia, Gupshup, BrowserStack, Apna), 4 health startups (Cure.fit, Innovaccer, Pharmeasy, Pristyn Care), 4 consumer service startups (Blinkit, CarDekho, Rebel Foods, Urban Company), and 3 edtech startups (Eruditus, Vedantu and Upgrad) also becoming unicorns. Other 2021 unicorn categories include Media and Entertainment startups MPL and sharechat, Logistics startup Blackbuck, Traveltech startup Easemytrip , Real Estate startup Nobroker, and Manufacturing startup Zetwork. Talking about where where these startups coming from, they were all from tier 1 cities. Bangalore is leading this list with 39 unicorns, NCR region with 32 unicorns, mumbai with 16, Pune with 6, Chennai with 5 and Hyderabad with 2. Now we are halfway in 2022 and we have already produced and now it seems that by 2025, India will have upwards of 250 unicorns. So that will be exciting to watch and we will continue to track all of this in our upcoming episodes.

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Satej Sirur, Founder, Rocketium on building design SaaS, competing with Adobe and working with 1200+ brands inc Groww, Meesho, Urban Company

Forbes India Daily Tech Brief Podcast

Play Episode Listen Later Mar 7, 2022 47:38

Suppose you're a marketer or have a marketer friend/colleague. During an event like IPL or Diwali, you need to get 100+ variations of creatives with 20-30 sizes for each, within a few days and not weeks, so that you can test campaigns on multiple platforms at the earliest. However, traditional software is time-consuming, especially if you have a small design team with limited bandwidth. Our guest, Satej Sirur, Founder & CEO, Rocketium, solves this for 1200+ brands like Bigbasket, cult.fit, Groww, Meesho, Supr Daily, Urban Company, and many more across 95+ countries.During the episode, Satej talks about how customers differentiate between them and Adobe, the fundamental principles he focuses on to include in Rocketium's culture, and much more.Notes - 00:52 - Initial Intro05:13 - Pivoting in early years of Rocketium09:50 - Metrics around ARR & Customer base11:31 - Customers comparing Rocketium to Adobe18:07 - Company building: Attracting the best talent22:36 - Principles in Rocektium's work culture25:51 - What's 8-4-5? 28:02 - Framework while setting internal metrics30:07 - Playbook behind International expansion33:45 - Importance of deeply knowing who your users are39:08 - Fundraising journey: Finding the right investor

Vedanta, Foxconn to build $7-8 bln chip foundry in India; Pine Labs raises $150 mln; CRED in talks to invest in smallcase

Play Episode Listen Later Feb 21, 2022 3:18

Vedanta, Foxconn to invest $7.4 billion to build India chip foundry In a move that could give India at least a toehold in the global semiconductor fabrication market, Vedanta Group and Foxconn are partnering to build a chip foundry in India that could be ready as early as 2024, Economic Times reports. The fab will focus on 28nm technology to make chips that could go into smartphone components, among other things, and Vedanta Group will invest $7.4 billion in the project, according to ET. Apple expected to release new laptops with the faster M2 chip Apple is gearing up to release several new Macs with an M2 chip later this year, according to Bloomberg reporter Mark Gurman's Power On newsletter. The company will debut a 13-inch MacBook Pro, Mac Mini, 24-inch iMac, and a redesigned MacBook Air, all running on the new M2 chip, and Gurman expects the new chip to be slightly faster than its predecessor. He expects the M2's CPU to also share the same eight-core architecture as the M1, but have more graphics cores. In more Apple news, some retail employees are beginning to quietly unionise, in part because hourly wages have remained stagnant while Apple's profits have soared, Futurism reports, citing news from the Washington Post that is behind a paywall. Two store locations are preparing to file paperwork with the US National Labor Relations Board and more are in earlier stages, and many of the organisers have switched to Android phones to avoid any potential spying from Apple, according to the report. Pine Labs raised $150 million at the valuation of over $5 billion Pine Labs has raised $150 million in a mix of primary and secondary funding from Alpha Wave Global, in a deal that values the New Delhi fintech company—headed for an IPO—at more than $5 billion, Economic Times reports. The equity and secondary investments are about half and half, according to ET. CRED in talks to invest in smallcase In more fintech startup news, CRED, entrepreneur Kunal Shah's credit card and data company, is in talks to invest in another Bangalore startup, smallcase that helps people invest in small, curated baskets of stocks, TechCrunch reports. CRED's proposed investment values smallcase in the range of $300 million to $400 million, according to TechCrunch. smallcase is backed by investors including Amazon, Sequoia Capital and Zerodha, India's biggest online broker. BigBasket acquires Kerala startup Agrima Infotech BigBasket, India's biggest online grocer, has acquired Agrima Infotech, a startup incubated by Kerala Startup Mission, which has developed a customer vision technology platform, the company said in a press release. BigBasket will implement Agrima's technology at the self-checkout counters of its offline stores—a segment that the company has been looking to expand into, after its acquisition by the Tata Group last year. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds

Why 10-Minute Delivery Startups Are Taking Over India's Online Grocery Space

Business Standard Podcast

Play Episode Listen Later Feb 21, 2022 15:30

In this video, we take a look at why 10-minute delivery startups are taking over India's grocery space. And can these instant delivery startups generate profits? Zepto changed the way groceries are delivered in India: In September 2021, two 19-year-old students, who were pursuing their bachelor's degrees in computer science at Stanford, decided to drop out and start an online grocery delivery startup in India. It was a bold move, a risky move, but in less than a year's time, this company took India's startup ecosystem by storm by irreversibly changing the way that groceries are delivered in the country. They've already raised almost $160 million at the time of us filming this video, and are currently valued at $570 million. This startup's name, of course, is Zepto, India's biggest trendsetter in the exciting world of instant grocery delivery. Why is every startup chasing instant delivery right now: Before 2020, and specifically before the COVID-19 pandemic, grocery shopping was an offline activity. That's the way that the world, and in this specific case India, thought about it - you go to the grocery store, the kirana, the market, you fill up your basket or your polybag, and you bring it home. That's how grocery shopping has been done for decades. Ola Store, Ola Foods, Flipkart Nearby and PepperTap – all failed to change this get people to switch from offline to online grocery shopping. Everything changed in 2020, when lockdowns kept people indoors for months and even after that, a lot of people were choosing not to go to crowded, indoor spaces where they were likely to contract COVID-19. And so suddenly, from a struggling industry, online grocery delivery exploded, it became one of the hottest markets to be in, to the point where two of the largest online grocery players, BigBasket and Grofers, were getting more orders than they could handle. Can 10-minute delivery startups make profits: It seems like many of these companies, both in India and abroad, are fairly confident that they'll be able to generate profits. Take the example of Turkey's Getir, which started in 2015, or The Czech Republic-based Rohlik which started in 2014 - these guys have already become profitable, both of them, in 2021, and are now expanding overseas. One aspect of this lies in the way these instant grocery delivery startups operate. In fact, instant grocery delivery startups operate on margins as high as 10% compared to offline stores which operate on 1-3% margins. That's because instant grocery delivery startups use dark stores which don't need to be set up in premium locations with high costs. As deliveries get faster, they get cheaper: The faster you do deliveries, the cheaper they get. That's because once you've achieved the optimal distribution of dark stores in a given area, those areas do become profitable, whereas with food delivery like Zomato and Swiggy, the distance between restaurants and the end customer are wider and with the exception of cloud kitchens, outside of the startup's control, and so you lose time, you lose money, and you lose the opportunity to be profitable. One big idea excites VCs: In the past, VCs were hesitant to pour money into online grocery delivery startups because so much money was required. The cost of changing consumer behavior was just astronomical, and so the long-term prospects of grocery delivery startups, the likelihood of them quickly 10Xing their investor's money, was slim. Now though, with the pandemic doing all of the work on the consumer behaviour front, the path to skyrocketing valuations, lucrative exits, and even diversification is a lot clearer for VCs, and so they're far more interested in investing.

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Why Tata Group is going for IPL branding?

Play Episode Listen Later Jan 13, 2022 6:02

Tata Group has replaced Chinese phone-maker Vivo as the title sponsor for the Indian Premier League (IPL), the biggest sports property in India. Tata Group will be the IPL's title sponsor for this year and the next, and will pay the BCCI Rs 670 crore for the sponsorship rights. For the IPL, the deal could be seen as a face-saver. After clashes between the Indian and Chinese armies in Ladakh's Galwan Valley in 2020, the BCCI had received a lot of backlash for having a Chinese company as the title sponsor. This meant that Vivo pulled out of its sponsorship deal for the 2020 season, making way for homegrown Indian startup Dream11. And while Vivo returned as title sponsor for the 2021 season, there were reports about the Chinese company wanting to get out of the deal and transfer its sponsorship rights. “This is indeed a momentous occasion for the BCCI IPL as the Tata Group is the epitome of global Indian enterprise with an over 100 year old legacy and operations in more than 100 countries across six continents,” says BCCI Secretary Jay Shah. Vivo will pay the BCCI around Rs 454 crore for the termination of its contract. But what does a well-known enterprise such as Tata Group, with a loyal customer base, stand to gain from being the title sponsor of the IPL? The sponsorship deal comes just as Tata is inching towards the launch of its ‘super app' TataNeu. The app will consolidate all of Tata's consumer-facing businesses, from online grocery (BigBasket), online pharmacy (1Mg), ecommerce (TataCLiQ), consumer electronics (Croma), fashion retail (Westside) and more. Presumably, the app will also allow users to book hotel rooms in Tata owned hotel chains such as Taj and Vivanta, while one could also book flight tickets in Air India. There will also be an option for digital and bill payments. The app is currently being tested amongst Tata Group employees, and is expected to be launched around March this year, just around the time of IPL 2022 that will commence in April. At 400 billion total viewing minutes for IPL 2020 and 10 billion for the first match of IPL 2021, the T20 cricket league is easily the most attractive sports property for advertisers and sponsors. And it's had considerable success in increasing brand recall for sponsors. IPL 2020 title sponsor Dream11 crossed 100 million users during the tournament, experiencing a 44.4% surge in traffic during the final match compared to 2019. MPL (sponsor of IPL teams KKR and RCB) began in 2020 with 40 million users, but ended with 70 million. In fact, even companies far removed from sports, such as menstrual hygiene startup Niine (principal sponsor for Rajasthan Royals) increased monthly sales from Rs 14 crore to Rs 20 crore following IPL 2020. The surge in cryptocurrency adoption in India happened as exchanges such as CoinDCX and CoinSwitch Kuber became IPL 2021 sponsors. “What we have observed is that across brands, personal and collective perceptions have improve

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Is 'community buying' in social commerce key to reaching 'Bharat'?

Business Standard Podcast

Play Episode Listen Later Jan 12, 2022 6:15

Online shopping through Flipkart and Amazon has become second nature for city dwellers. But it's often a dilemma for consumers at Tier 4 and 5 markets. This is why despite the growing hype for ecommerce, it only accounted for 4% of the total food & grocery, apparel and consumer electronics retail trade in India in 2020. This share is projected to grow to 8% by 2025. For Indian ecommerce startups, tapping into the consumers living in rural and sub-urban India or ‘Bharat' as it is often called, seems like the final piece of the puzzle. This is where social commerce comes in. As the name suggests, social commerce is commerce through social media. Startups such as Meesho, Mall91, DealShare and CityMall, among others, make use of a network of community leaders or ‘resellers'. The resellers collect orders from their social networks by sharing product catalogues over WhatsApp. By placing bulk orders for groceries and other daily essentials, these resellers get the items at attractive discounts from wholesalers. This model of social commerce helps startups drive down customer acquisition costs, since they leverage the social connections of their resellers. The model also helps make online small-ticket purchases viable. Other apprehensions associated with online commerce, such as lack of trust and poor digital literacy are also mitigated through social commerce. Perhaps this is why online grocery platforms such as BigBasket, and new entrants in the quick commerce space such as Swiggy, are looking at social commerce to grow their userbase. We spoke to Sourjyendu Medda of social ecommerce startup DealShare, to understand more about the two different models of social commerce, namely the ‘reseller' model and the ‘community buying model'. The reseller model being espoused by Indian social commerce startups offers a blast from the past. It's the same model that Tupperware and Amway leveraged to create a network of self-empowered business women. However, the newer community buying model is the one that startups such as Pinduoduo pioneered in the smaller towns of China. Interestingly, Chinese venture capital firm Shunwei Capital, which counts Pinduoduo among its portfolio companies, is now sharing its social commerce knowhow as an investor in Meesho, the only unicorn in this space in India. The market, though nascent, accounted for $2 bn in gross merchandise value (GMV in 2020), and is expected to grow to $16-$20 bn by 2025. The share of social commerce in India's e-commerce market ($38 bn in 2020) is expected to increase from the existing 1-2% to 4-5% of the projected $140 bn market by 2025. However, the market is not without its challenges. While VC firms are betting heavily on the sector, they understand that it is a risky proposition. Some experts feel that while the community buying model may see early traction in India, the bigger challenge lies in the manufacturing quality. As the Indian manufacturing sector is not evolved, products are of mediocre quality that will lead to higher customer returns, making it a loss-making proposition. As such, only categories such as groceries and daily essentials may succeed under the group buying model. For the larger social commerce trend, only time will tell if it is the final piece in the puzzle that is enabling online shopping for ‘Bharat'. Watch video

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BigBasket Taps Into Untapped Market

The Signal Daily

Play Episode Listen Later Jan 11, 2022 7:20

In this episode,Rajneil Kamath delves into the capital market's recent boom and why BigBasket chose to expand into small towns.The company hopes to capitalise on two current trends. One, in which it offers express delivery in its major metropolitan areas, enabling quick commerce, and two, it introduces a group buying model in Tier 4 cities. BigBasket is currently looking to target semi-urban sectors that are price and relationship sensitive.

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What lessons does Elizabeth Holmes' fall have for startup investors?

Business Standard Podcast

Play Episode Listen Later Jan 7, 2022 8:07

This week, Theranos founder Elizabeth Holmes was charged with defrauding investors. Holmes now faces at least 20 years in prison. The way she established and sold her startup story offers valuable lessons to investors across the globe now. Even to Rupert Murdoch, one of the investors who believed in her idea. Startups can command hefty valuations, very quickly. As venture capital and private equity firms in the US' Silicon Valley place a premium on ideas that promise disruptive innovation, new-age tech companies can raise millions of dollars in funds, even before coming up with a product-market fit, or in some cases, even a workable prototype. However, in this glitzy world of innovations and disruptions that are waiting to happen, some founders, like Holmes, are spinning a web of lies and charting their path to success by leveraging the greed of investors. They exemplify the “fake it till you make it” philosophy. Theranos was founded by Holmes, a Stanford chemical engineering dropout, when she was 19 years old. It was once valued at over $9 bn. And how did she pull it off? Holmes claimed to have developed tests that could help in early detection of ailments ranging from high cholesterol and high blood sugar to liver dysfunction and cancer from just a couple of drops of blood drawn from a finger prick at any pharmacy. The small amount of blood was collected in a nanotainer tube and analysed in a Theranos lab on a proprietary analysis machine called “Edison”. The “invention” was believed to have the potential to revolutionise healthcare and slash diagnostic costs. That was until it came to light that Theranos' Edison machines weren't providing accurate results. The company knew this. So it was diluting blood samples and subjecting them to “traditional tests”, instead of using its famed Edison machines. Soon, issues arose with the US Food and Drug Administration. And as more information emerged about Holmes' deceitful pitch to investors, many of them terminated their partnership with the company. In 2014, Holmes was at the top of Forbes' list of America's Richest Self-Made Women with a net-worth of $4.5 Bn, with her company valued at $9 bn. At its core, the Theranos tale is about a bevy of high-profile investors, from media mogul Murdoch to venture capitalist Tim Draper, not carrying out the adequate due diligence but being seduced by what they must have believed to be a “disruptive innovation”. The Indian startup ecosystem, now the third-largest in the world after the US and China, is also maturing at a rapid pace. Some of these upstarts even have a base in Silicon Valley. Last year, 42 Indian startups entered the unicorn club. Thrasio-style Mensa Brands achieved the unicorn status in just six months of starting up. Indian startups raised over $42 Bn across 1,583 funding deals. This was more than 3 times the total funding of $13 Bn raised in 2020. In fact, the total startup amount for 2021 was more than the total funding of $37 bn for the last three years combined. But in this rush of capital, are our venture capital and private equity investors carrying out their due diligence into the health of these new-age companies? There's reason to be a little suspicious on this front. Consider cybersecurity. Over the last two years, several Indian companies from BigBasket, Dunzo, Haldiram's, Domino's, Airtel, and Juspay, among others faced cyber attacks, which compromised the data of their users. Cybersecurity experts have claimed that in their pursuit for rapid growth, startups often ignore the importance of building a robust cybersecurity posture. So sh

Instagram's Mosseri to appear before US Senate; BigBasket to open 800 stores; and a chat with the co-founders of Bizongo

Forbes India Daily Tech Brief Podcast

Play Episode Listen Later Nov 25, 2021 29:32

Instagram's head, Adam Mosseri, will testify before America's top lawmakers in a senate subcommittee hearing in early December about the platform's harmful impact on young users, CNN reports. Mosseri is the most high-profile executive from Meta, as Facebook is now called, to agree to testify since Facebook whistleblower Frances Haugen released hundreds of internal company documents, according to CNN. Apple will be switching to its own 5G modems in 2023 instead of using technology from Qualcomm, Nikkei reports. Apple's modems will be made by TSMC—the chip maker that already supplies Apple's A-series processors and M1 system-on-chip semiconductors. Apple has been working on reducing its reliance on Qualcomm for vital semiconductor components for several years. The two companies have also contested court battles. Coinbase, America's biggest crypto exchange, has acquired crypto wallet startup BRD, to get the founders on to its own wallet team, the company said on Twitter. The BRD team will help accelerate web3 adoption and BRD's founders bring deep expertise in self-custody for crypto wallets, Coinbase said in its tweet. BRD has millions of users including in India. BigBasket, India's biggest online groceries company, is entering offline retail and has opened its first store in Bangalore, the company said in a press release. The company acquired by the Tata Group this year, expects to open 200 stores by 2023 and 800 by 2026. TomTom, a geolocation technology company, has opened a 100,000 square feet state-of-the-art facility in Pune that can accommodate up to 1000 employees, the company said in a press release. The centre is one of TomTom's largest offices worldwide and a strategic engineering hub, according to the company. Staff can decide if they need to use the office based on the type of work at hand. NASA has launched a spacecraft that will intentionally collide with a distant asteroid in the world's first full-scale mission to test technology for defending Earth against potential asteroid or comet hazards, the US space agency said in a press release on Wednesday. The Double Asteroid Redirection Test (DART), launched on Wednesday on a SpaceX Falcon 9 rocket from a base in California. DART is part of NASA's larger planetary defence strategy. It is built and managed by the Johns Hopkins Applied Physics Laboratory. Its goal is to slightly change the asteroid's motion in a way that can be accurately measured using ground-based telescopes. It will show that a spacecraft can autonomously navigate to a target asteroid and intentionally collide with it—a method of deflection called kinetic impact. Interview: Ankit Tomar, CTO and Sachin Agrawal, COO at Bizongo on plans to make the company an exports facilitation platform Bizongo started as a simple way for small manufacturers to find orders more efficiently. Today it has evolved into something of an ‘operating system' for manufacturers of custom-designed goods to manage many of their supply-chain needs. In today's interview, Ankit Tomar and Sachin Agrawal, two of the three co-founders at Bizongo talk about how their tech platform will eventually catalyse and facilitate exports from India.

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Two 19-Year-Old Stanford Dropouts' Startup Zepto Is Delivering Groceries in Just 10 Minutes

The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising

Play Episode Listen Later Nov 6, 2021 14:39

This week in Indian startup news, Ola's ridehailing business turns profitable for the first time, Nykaa's successful IPO – oversubscribed 82X, Delhivery is going public – plans to raise $1 billion through IPO and Unacademy acquires Swiflearn. In funding news, Purplle raises $75 million, Zepto raises $60 million and Fi raises $50 million. Ola's ridehailing business turns profitable for the first time: Ola's ridehailing business posted their first operating profit in a decade. During the pandemic, Ola's revenue was down 95% which meant that they had to fire 1,400 of their employees. This was one of the reasons they were able to bring their expenses down and turn a profit despite declining revenue. The startup is also in the middle of planning their IPO which is expected to come out next year. Nykaa's successful IPO – oversubscribed 82X: Online beauty retailer Nykaa closed their IPO successfully with 82X oversubscription. What's worth noting is that Nykaa is the first profitable Indian unicorn to go public, which could explain the reason behind its success. Delhivery is going public – plans to raise $1 billion through IPO: India's logistics giant Delhivery has filed their draft papers for IPO as they plan on raising $1 billion at a valuation of around $6 billion. What's worth noting is that while Delivery is still a loss-making startup, they have been growing constantly on the back of the rising e-commerce in India and are now even bigger than traditional logistics giant Blue Dart. Unacademy acquires Swiflearn: Edtech giant Unacademy has acquired Swiflearn, a live online face-to-face coaching platform for grade 1-10 students. This will allow Unacademy to strengthen their K12 coaching play as they compete with the likes of Byju's in the segment. Purplle raises $75 million: Online marketplace for beauty products Purplle has raised $75 million in a round led by Kedaara Capital – valuing them at $630 million to roll-out new brands and products and expand their business through acquisitions. Zepto raises $60 million: 10-minute grocery delivery startup Zepto has raised $60 million in a round led by Glade Brook Capital to compete with the likes of Dunzo, Grofers, Swiggy and BigBasket in the quick commerce segment. They plan on expanding their grocery delivery service to four new cities in the next 30 days. Fi raises $50 million: Neobanking startup Fi has raised $50 million in a round led by B Capital to help them build more customized investment products for their customers including – mutual fund and stock investment.

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EP#46 Ashish Dave – Evaluating seed vs growth stage startups, the learning-unlearning cycle in VC and balancing between due diligence & speed of decision making

Play Episode Listen Later Sep 26, 2021 42:29

In this episode, Ashish Dave (CEO @Mirae Asset Venture Investments, India), joins our host Digjay, to talk about his path leading up to venture capital, setting up Mirae's India Venture arm, due diligence missteps by VCs when optimizing for speed, sharing cross-learnings from other geographies with portfolio companies, evaluating seed & growth stage startups, the constant upskilling & unlearning required in venture capital & more. Mirae Asset Group, a leading financial services company headquartered in South Korea which manages ~$1.5bn across multiple funds. Mirae's India portfolio includes marquee startups like Ola, BigBasket, Shadowfax, Unacademy, Jupiter among others. Prior to Mirae, Ashish was at Kalaari Capital, a well known early stage VC firm in India & prior to that at Mumbai Angels, one of the prominent angel networks in India where he was actively involved in sourcing new opportunities and helping existing portfolio companies. Ashish is an alum of IE Business School. You can connect with him here on Linkedin/Twitter. ---- Show notes – (01:49) Ashish's background & path leading up to venture capital - Mumbai Angels, Kalaari & Mirae VC (04:12) Setting up an India dedicated fund at Mirae (07:32) Adapting to the fast & competitive deal making environment in the Indian startup ecosystem (10:49) Potential due diligence missteps by VCs when optimizing for speed (15:12) How can VCs add value to founders? (19:40) Sharing learnings from other geographies with portfolio startups in India (22:17) Evaluating startups at seed vs growth stage (25:56) The constant upskilling & unlearning required in venture capital; importance of getting on ground, gauging customer feedback/behaviour to aid your decision making as an investor (29:39) Advice & suggestions for emerging VCs (35:23) How has being a VC influenced his personality over the years? (37:19) Rapid fire and closing remarks ---- If you liked our episode, you can subscribe to our podcast on any podcast platforms of your choice (like Spotify & Apple iTunes). We would appreciate if you could leave us a review on Apple iTunes. This helps others discover the podcast organically. You can visit thevcpreneur.com and follow us on Twitter @thevcpreneur_ & Instagram @thevcpreneur for more episodes and interesting insights on the startup ecosystem. You can also follow our host Digjay here on Linkedin & Twitter

Need for Speed

The Morning Brief

Play Episode Listen Later Sep 20, 2021 20:55

Super fast deliveries are becoming more than just a feature but a competitive edge for several e-commerce companies today. TN Hari, HR Head at BigBasket, Saurabh Deep Singla, Executive Vice President at Ecom Express, and a gig economy executive, who runs the popular Twitter handle @DeliveryBhoy tell us whether super fast deliveries are sustainable in the long run and what can brands do to protect the safety and security of the last-mile delivery personnel.

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Top 10 Biggest Indian Startup Acquisitions

global commerce takeover delivery online video bigbasket

Play Episode Listen Later Aug 26, 2021 14:35

In today's video, we talk about the top 10 biggest Indian startup acquisitions. #10 TaxiForSure: Founded by Aprameya Radhakrishna and Raghunandan G in 2011, TaxiForSure was one of the earliest players in the online cab aggregation space in India, apart from Ola. To compete with Uber in India, Ola had acquired TaxiForSure in a deal worth $200 million. #9 Simplilearn: Started by Krishna Kumar in 2007 as a blog, Simplilearn was turned into a startup in 2010. Today, Simplilearn is a profitable edtech startup offering more than 40 courses on its platform and has trained over 2 million professionals. Earlier in 2021, Blackstone acquired a majority stake in Smiplilearn in a deal worth $250 million. #8 Myntra: Founded by Ashutosh Lawania, Mukesh Bansal, Raveen Sastry, Sankar Bora and Vineet Saxena in 2007, Myntra was just an online platform selling personalised gift items which ventured into fashion products in 2011. After witnessing rapid growth, Myntra was acquired by Flipkart in a deal worth $280 million in 2014. #7 WhiteHat Jr: Founded by Karan Bajaj in 2018, WhiteHat Jr offers live one-on-one online personalised coding classes to its students. Their unique teaching approach, combined with their aggressive marketing helped them reach a revenue runrate of $150 million in just 18 months. In 2020, Byju's acquired WhiteHat Jr in an all-cash deal worth $300 million. #6 PlaySimple Games: Founded by Preeti Reddy, Siddhanth Jain, Siddharth Jain, and Suraj Nalin in 2014, PlaySimple Games makes simple word games like Word Trip, Crossword Jam, Word Bingo and Word Bliss. After building a profitable gaming business with just $4.5 million in investment, PlaySimple Games was acquired by Modern Times Group (MTG) in a deal worth $360 million. #5 FreeCharge: Founded by Kunal Shah and Sandeep Tandon in 2010, FreeCharge offered an online platform for users to recharge their phones. By 2015, FreeCharge was doing more than 1 million transactions every month. That is when Snapdeal had acquired FreeCharge for $400 million – making it one of India's largest acquisitions at the time. #4 Great Learning: Founded by Arjun Nair, Hari Nair and Mohan Lakhamraju in 2013, Great Learning offers upskilling courses to help working professionals accelerate their career growth. The founders bootstrapped their startup to profitability and reached a revenue runrate of $100 million before it was acquired by India's most valuable edtech startup Byju's in a deal worth $600 million in 2021. #3 BigBasket: Founded by Abhinay Choudhari, Hari Menon, Vipul Parekh, VS Ramesh and VS Sudhakar in 2011, BigBasket is India's most valuable online grocery delivery startup serving millions of users across more than 30 cities. Earlier this year in 2021, Tata Digital acquired a 64% stake in the startup for $1.3 billion. #2 GoIbibo: Founded by Ashish Kashyap in 2007, GoIbibo started as a social networking platform before pivoting to an online travel booking platform in 2009. By 2015, GoIbibo was ranked among the top 3 online travel platforms in the country. Then in 2016, MakeMyTrip acquired GoIbibo in a deal worth $1.8 billion. #1 Flipkart: Founded by Sachin Bansal and Binny Bansal in 2007, Flipkart started its journey as a small online bookstore before becoming India's e-commerce behemoth. By 2018, Flipkart was raking in $4.5 billion in revenue. In Flipkart, Walmart found a perfect opportunity to enter India's booming e-commerce market and acquired them in a massive deal worth $16 billion.

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Byju's global takeover

Strictly Business

Play Episode Listen Later Jul 25, 2021 10:05

Byju's is on its acquisition spree - who has it acquired now? BigBasket has promised to deliver groceries in just 1 hour? How? YouTube entered online video commerce. What's that? Find out the answer to all these questions only on the StrictlyBusiness podcast!

Ep.25 In conversation with the Co-founder of Sleepy Owl, Arman Sood, we talk, coffee, business and marketing and bit of controversies

Coffee Protocol Podcast

Play Episode Listen Later Jul 10, 2021 42:44

I was not sure, how I would have structured this interview:- a) Because I was not sure how to Approach a brand like theirs, b) they have been interviewed like a thousand times, and what else could i get from them than those interviewers with years of experience, c) but I knew I had to get him on the podcast, because it is one of those stories which I feel a lot of people would be curious about. So i decided i will not go with any script at all ( like most interviews) I am glad that after knowing for a while now, I could get him on this podcast to share stuff that is incredibly valuable, if you ever wondered what a crash course in business and marketing would be like, this is it. Along with the amazing story of Sleepy owl of course. I enjoyed a lot speaking with Arman, and if you are planning to listen to this episode, trust me sit down with a pen and paper to make some notes. We talk about the starting days of Sleepy Owl to future plans, to the core team to exploring options, the logo and the name to the controversial advert on social media. Its all in there, plus a lot of informational guidance through the eyes of an Entrepreneur ( I hope I spelt it right) So go ahead, read it, enjoy it, and also Share it : ) A little about Arman: Arman Sood was always interested in entrepreneurship since his college days. In his 2nd year of Law School, he started an e-commerce startup, along with a friend, retailing Bar & Party Accessories. After college, Arman joined Embibe, a leading tech start-up, where he worked as a Marketing & Communications Evangelist, and gained a deeper understanding of the day-to-day operations and functions of a business. An entrepreneur at heart, Arman quickly understood the need to make real coffee available at home in the most convenient format, once he studied the coffee market in India and realised the gap that existed. Pioneering the new coffee movement in India, Arman got together with his friends – Ajai Thandi and Ashwajeet Singh, and launched Sleepy Owl Coffee in 2016. At Sleepy Owl, Arman manages Operations, Supply Chain, and Institutional Sales, and ensures that customers are happy and caffeinated at all times. About Sleepy Owl Coffee The inception of Sleepy Owl can be traced back to three friends - Arman Sood, Ashwajeet Singh and Ajai Thandi, who despite their love for coffee, couldn't find a good cup when they needed it. Hence, they decided to brew their own and invented a product they loved. Today, the brand stands 5 years strong with a compelling product portfolio that includes Cold Brew Packs, Hot Brew Bags, Ready-To-Drink Cold Brew Bottles, Brew Box, Whole Beans and Ground Coffee. All of these are made with real coffee beans that have been sourced directly from the farms of Chikmagalur in Karnataka. Sleepy Owl has also eliminated the use of plastic in its packaging, and now uses 100% recyclable packaging which is sustainable. Sleepy Owl's products can be found in over 1300+ general and modern retails stores across Delhi NCR and Mumbai with additional presence across the corporate and HORECA sector. The brand also ships pan-India through its online presence on www.sleepyowl.co, Amazon India, and BigBasket. How to get in touch with them : Website: www.sleepyowl.co Email: help@sleepyowl.co Facebook/Instagram/Twitter: @Sleepyowlcoffee

Covid crisis: Does 'burnout leave' work?

WorklifeIndia

Play Episode Listen Later Jul 9, 2021 26:29

Burnout is rising in the world of office goers. Months of disruption and uncertainty caused by the Covid pandemic has led workers at many companies to feel stressed and exhausted. Daily life has been disrupted, and the lines between work and leisure blurred. Many are finding it difficult to cope. In response to this, many companies have announced burnout leave. It's being seen as a way to show the workers that they have a support system to lean on. Or is it just a headline grabbing tactic? And what about the professionals who are availing this leave? Has it really helped them? In this edition of WorklifeIndia, we discuss how companies define wellness, and whether burnout leave actually works. Presenter: Devina Gupta Contributors: TN Hari, HR head, BigBasket; Sahil Mathur, chief HR officer, InMobi Group; Himel Sarkar, content supervisor, Organic by MSL

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AJVC Unfiltered 27: Can Tata's 20-Year Tech Pivot Spin Up a SuperApp?

Founders Unfiltered

Play Episode Listen Later Jun 27, 2021 39:33

Last fortnight, Tata Digital acquired 1mg for $200M, hot on the heels of its acquisition of BigBasket and its investment in Cure.fit. Join us for a behind-the-scenes peek at the A Junior VC piece - AJVC Unfiltered 27: Can Tata's 20-Year Tech Pivot Spin Up a SuperApp? For more details - https://ajuniorvc.com/tata-digital-tcs-super-app-startups-unicorn-titan-ratan-tata/

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#48 Ashish Dave (Mirae Asset Venture)

AngelList India Radio

Play Episode Listen Later Jun 16, 2021 26:19

Ashish Dave is the CEO of Mirae Asset Venture Investments (India). He is responsible for setting up Mirae's Venture business in India and has invested in companies like Zomato, Ola, BigBasket, KreditBee, Raise Financial, Koo and Jai Kisan among others.

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Equity Tuesday: Everyone is raising money at the same time

Equity

Play Episode Listen Later Jun 1, 2021 7:54

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.This is Equity Tuesday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here.We are back from a long weekend here in America. But not break here in the States can stop the flow of global tech news. So, here's the rundown:The Weekend: Tata bought BigBasket, setting up a fascinating ecommerce war in India. China is cracking down on edtech companies, leading to an IPO freeze. And Wejo is going public via a SPAC. You can read its investor deck here.This Morning: The are a zillion funding rounds in Europe and globally this morning, the start of what could be a super busy week's cycle. Private Equity is buying Cloudera, which is a surprise. Nio had chip shortage issues that impacted its delivery cadence. The Chinese EV company does expect to meet its Q2 delivery goal, however.Funding Rounds: Truebill raised $45 million. Chipper Cash raised $100 million. Zenyum raised $40 million. WeFox raised $650 million. Malt raised $97 million. Sennder raised $80 million. idwall raised $38 million. Belvo raised $43 million. And that was not even close to all the big ones.Riff: Late last week we missed the Sprinklr filing. You can read it here. Quite a number of VCs have money riding on the IPO.Welcome back, America, to the week. It's nice to see you, everyone else. Maybe Robinhood will file this week.

Equity Tuesday: Everyone is raising money at the same time

Equity

Play Episode Listen Later Jun 1, 2021 7:54

Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast where we unpack the numbers behind the headlines.This is Equity Tuesday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here.We are back from a long weekend here in America. But not break here in the States can stop the flow of global tech news. So, here's the rundown:The Weekend: Tata bought BigBasket, setting up a fascinating ecommerce war in India. China is cracking down on edtech companies, leading to an IPO freeze. And Wejo is going public via a SPAC. You can read its investor deck here.This Morning: The are a zillion funding rounds in Europe and globally this morning, the start of what could be a super busy week's cycle. Private Equity is buying Cloudera, which is a surprise. Nio had chip shortage issues that impacted its delivery cadence. The Chinese EV company does expect to meet its Q2 delivery goal, however.Funding Rounds: Truebill raised $45 million. Chipper Cash raised $100 million. Zenyum raised $40 million. WeFox raised $650 million. Malt raised $97 million. Sennder raised $80 million. idwall raised $38 million. Belvo raised $43 million. And that was not even close to all the big ones.Riff: Late last week we missed the Sprinklr filing. You can read it here. Quite a number of VCs have money riding on the IPO.Welcome back, America, to the week. It's nice to see you, everyone else. Maybe Robinhood will file this week.

#51: Vaibhav Khandelwal On How He Co-founded Shadowfax, Gig Economy, LOTR, Reliable Last-Mile Delivery.

Galata: A Podcast from Puneeth Suraana

Play Episode Listen Later May 29, 2021 114:10

Vaibhav Khandelwal On How He Co-founded Shadowfax, Gig Economy, LOTR, Reliable Last-Mile Delivery, Power Of Tech, Engineering Pleasant Experiences, Forgotten Frontline Warriors And More!About Vaibhav Khandelwal:He was an all-time school topper. Bagging 100% scholarships throughout his schooling! He pursued his Engineering from IIT Delhi where a chance internship at Adobe changed the course of his career. He enjoys solving Kakuro (a Japanese crossword puzzle), learning tabla and unwinds with Premchand's stories and listening to upbeat songs. In 2015 along with an IIT Delhi batchmate he founded a company that is today India's fastest and most reliable new-age logistics company empowering over 1,00,000 individuals and presently delivering 5 lakh+ orders a day! But more than anything else he is engineering pleasant experiences! He is the co-founder and CTO of Shadowfax.Linkedin: Vaibhav KhandelwalSangatkar by Manglesh Dabral is sourced from: LyriklineAbout our sponsor: Kaleyra, Inc. (NYSE American: KLR, KLR WS) serves omni-channel communication solutions to businesses worldwide. It is a globally trusted cloud communication platform that helps enterprises and organizations connect with billions of users in a scalable, reliable, and secure manner.To know more about Kaleyra's offerings, visit http://bit.ly/38KcPJ5Stay in touch:LinkedIn - https://bit.ly/3cGxUFpTwitter - https://bit.ly/3vtjBN7Facebook - http://bit.ly/3rX46LdInstagram - https://bit.ly/38OLo0ISign up for free on Kaleyra and start communicating with your business customers: http://bit.ly/3tttSXQ

AirDrop Vulns, Linux Hypocrite Commits, Wi-Fi Code Execution, & We'll Miss You Dan - PSW #692

Paul's Security Weekly TV

Play Episode Listen Later May 2, 2021 92:05

This week in the Security News, Penetration testing leaving organizations with too many blind spots, A New PHP Composer Bug Could Enable Widespread Supply-Chain Attacks, Apple AirDrop Vulnerability Exposes Users’ Personal Information, Darkside Ransomware gang aims at influencing the stock price of their victims, Security firm Kaspersky believes it found new CIA malware, and a Hacker leaks 20 million alleged BigBasket user records for free! Visit https://www.securityweekly.com/psw for all the latest episodes! Show Notes: https://securityweekly.com/psw692

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AirDrop Vulns, Linux Hypocrite Commits, Wi-Fi Code Execution, & We'll Miss You Dan - PSW #692

Paul's Security Weekly (Video-Only)

Play Episode Listen Later May 1, 2021 92:05

This week in the Security News, Penetration testing leaving organizations with too many blind spots, A New PHP Composer Bug Could Enable Widespread Supply-Chain Attacks, Apple AirDrop Vulnerability Exposes Users’ Personal Information, Darkside Ransomware gang aims at influencing the stock price of their victims, Security firm Kaspersky believes it found new CIA malware, and a Hacker leaks 20 million alleged BigBasket user records for free! Visit https://www.securityweekly.com/psw for all the latest episodes! Show Notes: https://securityweekly.com/psw692

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Indian Startup News Ep 66: Ola's Hypercharger Network, India's First 3D Printed House & Zomato IPO

Paul's Security Weekly (Podcast-Only)

Play Episode Listen Later May 1, 2021 14:18

This week in Indian Startup News, Ola to set up the world's largest two-wheeler EV charging network, Tvasta builds India's first 3D printed house, Zomato files for IPO, Indian startups fight against COVID19, CCI approves BigBasket-Tata deal, Lenskart acquihires DailyJoy and Instamojo acquihires Showman. In funding news, OneWeb raises $550 million, Urban Company raises $190 million, upGrad raises $120 million, Stanza Living raises over $100 million, ElasticRun raises $75 million, Bizongo raises $51 million and LEAD School raises $30 million. Ola to set up world's largest two-wheeler EV charging network: Ola is setting up the world's largest two-wheeler EV charging network – Hypercharger Network. Their Hypercharger Network will consist of 100,000 charging points across 400 cities – expected to be completed in the next five years at an estimated cost of $2 billion. You will only be able to charge Ola's electric scooters at their hypercharger network and they will be able to charge the electric scooters up to 50% in just 18minutes – giving a range of 75 km. Tvasta builds India's first 3D printed house: Tvasta, a startup by three IIT Madras alumni, has built India's first 3D printed house. This is a 1 BHK house with a built-up area of 600 square feet. It demonstrates the ability of 3D printing in bringing down the time of building houses from 4-5 months to just 5 days but also reducing the cost by 20-30%. Zomato files for IPO: Indian food delivery startup Zomato has filed for the IPO – on track to becoming the first Indian unicorn to go for IPO. Through the IPO, Zomato will be raising $1.1 billion - $1 billion in fresh offering and $100 million coming from Info Edge selling their shares. Indian startups fight against COVID19: A bunch of Indian startups are working to fight the second wave of COVID19 – Delhivery is flying chargers to bring Oxygen concentrators into India, dating app TrulyMadly is using their matchmaking algorithm to match plasma donors with patients, NoBroker is organizing doorstep vaccination drives and MapmyIndia is installing free GPS devices in vehicles that are suppling essential medical equipment. CCI approves BigBasket-Tata deal: CCI has approved the acquisition of BigBasket by Tata Digital – as Tata looks to build their own Super App. Lenskart acquihires DailyJoy: Lenskart has acquihired Hyderabad-based grocery delivery startup DailyJoy to strengthen their Hyderabad tech centre. Instamojo acquihires Showman: Instamojo has acquihired vernacular content startup Showman to strengthen its tech and product capabilities. OneWeb raises $550 million: Satellite internet company OneWeb has raised $550 million from Eutelsat Communications after launching 36 more satellites into space. The company now has 182 out of 648 satellites in space for their constellation. Urban Company raises $190 million: On-demand home services provider Urban Company has raised $190 million at a $2 billion valuation – making it India's 11th unicorn this year. upGrad raises $120 million: Edtech startup upGrad has raised $120 million from Singapore's Temasek in their first external funding round. Stanza Living raises over $100 million: Student housing startup Stanza Living has raised more than $100 million in a round led by Falcon Edge. ElasticRun raises $75 million: ElstaicRun has raised $75 million in a round led by Avataar Ventures and Prosus Ventures to help neighbourhood stores in securing working capital and inventory. Bizongo raises $51 million: B2B platform for packaging products Bizongo has raised $51 million in their Series C round to expand into the Southeast Asian markets. LEAD School raises $30 million: Edtech startup LEAD School has raised $30 million in a round led by GSV Ventures and WestBridge Capital.

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Vulcan Mind Meld - PSW #692

Play Episode Listen Later Apr 30, 2021 205:06

This week, Fleming Shi, CTO of Barracuda Networks, joins us for an interview to talk about Protecting the Hybrid Workforce! Then, Fred Gordy, Director of Cybersecurity at Intelligent Buildings, joins us for a discussion on Smart Building Control System Cybersecurity - The Real World! In the Security News, Penetration testing leaving organizations with too many blind spots, A New PHP Composer Bug Could Enable Widespread Supply-Chain Attacks, Apple AirDrop Vulnerability Exposes Users’ Personal Information, Darkside Ransomware gang aims at influencing the stock price of their victims, Security firm Kaspersky believes it found new CIA malware, and a Hacker leaks 20 million alleged BigBasket user records for free! All that and more on this episode of Paul's Security Weekly! Show Notes: https://securityweekly.com/psw692 Segment Resources: Visit https://securityweekly.com/barracuda to learn more about them! Intelligent Buildings - https://www.intelligentbuildings.com/ Visit https://www.securityweekly.com/psw for all the latest episodes! Visit https://securityweekly.com/acm to sign up for a demo or buy our AI Hunter! Follow us on Twitter: https://www.twitter.com/securityweekly Like us on Facebook: https://www.facebook.com/secweekly

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Vulcan Mind Meld - PSW #692

Paul's Security Weekly

Play Episode Listen Later Apr 30, 2021 205:06

This week, Fleming Shi, CTO of Barracuda Networks, joins us for an interview to talk about Protecting the Hybrid Workforce! Then, Fred Gordy, Director of Cybersecurity at Intelligent Buildings, joins us for a discussion on Smart Building Control System Cybersecurity - The Real World! In the Security News, Penetration testing leaving organizations with too many blind spots, A New PHP Composer Bug Could Enable Widespread Supply-Chain Attacks, Apple AirDrop Vulnerability Exposes Users’ Personal Information, Darkside Ransomware gang aims at influencing the stock price of their victims, Security firm Kaspersky believes it found new CIA malware, and a Hacker leaks 20 million alleged BigBasket user records for free! All that and more on this episode of Paul's Security Weekly! Show Notes: https://securityweekly.com/psw692 Segment Resources: Visit https://securityweekly.com/barracuda to learn more about them! Intelligent Buildings - https://www.intelligentbuildings.com/ Visit https://www.securityweekly.com/psw for all the latest episodes! Visit https://securityweekly.com/acm to sign up for a demo or buy our AI Hunter! Follow us on Twitter: https://www.twitter.com/securityweekly Like us on Facebook: https://www.facebook.com/secweekly

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HACKER ALLEGEDLY PUBLISHES THE INFORMATION OF 20 MILLION BIGBASKET USERS FROM INDIA

Cyber Crime Podcast

Play Episode Listen Later Apr 26, 2021 2:11

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Episode 346 - REvil vs Apple

ProactiveIT Cyber Security Daily

Play Episode Listen Later Apr 26, 2021 14:26

Good Morning and Welcome to the ProactiveIT Cyber Security Daily number 346. It is Monday April 26th 2021. I am your host Scott Gombar and REvil vs. Apple Passwordstate Password Manager Update Hijacked to Install Backdoor on Thousands of PCs Costco Issues Scam Warning Hacker leaks 20 million alleged BigBasket user records for free Windows 10 package manager can now remove any app from the command line Emotet malware nukes itself today from all infected computers worldwide HashiCorp is the latest victim of Codecov supply-chain attack REvil’s Big Apple Ransomware Gambit Looks to Pay Off Twitter accidentally sends suspicious emails asking to confirm accounts

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HACKER ALLEGEDLY PUBLISHES THE INFORMATION OF 20 MILLION BIGBASKET USERS FROM INDIA1

Circle Of Insight- Foreign Affairs

Play Episode Listen Later Apr 26, 2021 2:11

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Indian Startup News Ep 60: Nazara IPO, Log 9 Materials EVs & Oyo Closes Loss Making Ventures

Play Episode Listen Later Mar 20, 2021 8:18

This week in Indian Startup News, Nazara Technologies becomes India's first company to IPO, Log 9 Materials launches EVs with their Rapid Charging Battery, Oyo shuts down some coliving and coworking business, Zomato enters dietary supplement market, Tata's acquisition bid for BigBasket and Square Yards acquires PropVR. In funding news, PolicyBazaaar raises $75 million, MyGlamm raises $24 million, Leap Finance raises $17 million, OZiva raises $12 million and YAP raises $10 million. Huge funding rounds in the making, CRED expected to raise $200 million, Delhivery could raise up to $150 million ahead of IPO and Stanza Living in talks to raise $120 million. Nazara Technologies becomes India's first company to IPO: Nazara Technologies finally launched its IPO on 17th March – making it the first Indian company ever to go public. The company has transformed itself from a telecom gaming subscription company to a full-fledged gaming company with fingers in every major segment from esports to gamified learning. Log 9 Materials launches EVs with their Rapid Charging Battery: Log 9 Materials has announced the launch of their electric scooters and three-wheelers that come with their disruptive Rapid Charging Battery packs. Oyo shuts down some coliving and coworking business: In a bid to focus on its core business, Oyo is checking out of its loss-making ventures – by shutting down some coliving and house rental business (Oyo Life) and some coworking spaces. Zomato enters the dietary supplement market: Indian foodtech unicorn Zomato is looking to diversify by launching its own brand of dietary supplements ahead of its expected IPO this year. Tata's acquisition bid for BigBasket: Tata Digital is finally seeking approval of CCI to acquire 64% of BigBasket. Square Yards acquires PropVR: Real estate startup Square Yards has acquired AI-based PropVR to turn 2D floor plans into interactive 3D walkthroughs in minutes. PolicyBazaaar raises $75 million: PolicyBazaar has raised $75 million in a round led by Falcon Edge Capital. MyGlamm raises $24 million: MyGlamm has raised $24 million in series C round led by Ascent Capital, Amazon and Wipro Consumer. Leap Finance raises $17 million: Leap Finance has raised $17 million series C led by Jungle Ventures. OZiva raises $12 million: OZiva has raised $12 million in series B led by Jungle Ventures. YAP raises $10 million: YAP has raised $10 million in series B led by Flourish Ventures and Omidyar Network. CRED expected to raise $200 million: CRED is expected to raise $200 million in fresh funding at a $2 billion valuation – that would make it India's fastest unicorn. Delhivery could raise up to $150 million ahead of IPO: Delhivery is reportedly in talks to raise up to $1450 million ahead of its IPO. Stanza Living in talks to raise $120 million: Stanza Living is in final talks to secure a $120 million funding – doubling its valuation from $300 million to $600 million. Follow Backstage with Millionaires to remain updated with our latest developments. LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep

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Indian Startup News Ep 57: BigBasket vs Dailybasket, CCI Investigates Google & Two New Unicorns