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To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms. https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc This is Nelson John, and I'll bring you the top business and tech stories, let's get started. Harvard in Trump's Crosshairs Harvard is the latest Ivy League school facing Trump's crackdown on alleged campus antisemitism. On Monday, the White House launched a review of its $9 billion in federal funding—weeks after stripping Columbia University of $400 million. Harvard's new president, Alan Garber, has acted swiftly: dismissing Middle Eastern Studies leaders, cutting ties with a West Bank university, and reinforcing academic diversity guidelines. Critics say it's not enough. Former Harvard President Larry Summers accused the school of ignoring Israeli perspectives, while faculty worry Garber is caving to political pressure. Princeton, too, is caught in the crossfire, with Trump pausing dozens of its research grants. Princeton's president calls it “the greatest threat to American universities since the Red Scare.” Garber warns that losing federal funds could cripple research, but with Trump's task force investigating multiple institutions, the battle is far from over. India Eyes Bigger Green Bond Target India is considering increasing its ₹25,342 crore sovereign green bond issuance for FY26, riding on investor interest. Green bonds, which fund renewable energy and climate projects, currently see a 2-3 basis point premium (“greenium”) over regular bonds in India, lower than the 3-8 points seen in developed markets. Officials expect higher returns this year amid global shifts towards sustainable finance. However, if investor demand falls short, the government may scale back. Since 2022, India has issued ₹58,000 crore in green bonds to support its 500 GW non-fossil fuel energy target by 2030. The coming months will determine investor appetite and the country's green finance trajectory. Manufacturing Rebounds, But Trade Risks Loom India's manufacturing sector rebounded in March, with the HSBC PMI hitting 58.1—its highest in eight months—driven by surging new orders. Strong demand and marketing efforts fueled the recovery, but concerns over potential US tariffs linger. President Trump is set to announce new trade measures on April 2, raising fears of weakened exports. A 20% tariff hike could shave 0.4% off India's GDP, according to Capital Economics. Inflation is also rising, with higher costs for copper, electronics, and rubber. The RBI, meeting April 7-9, may cut rates to support growth, but with Q4 GDP tracking at 6.7%, below its 6.5% target, economic uncertainty remains. IPL Drives Food Delivery Boom The IPL season is fueling a surge in food orders, with fast-food chains cashing in. Domino's sees no sign of demand slowing, doubling down on promotions like its six-in-one pizza. Streaming and TV viewership are soaring—JioHotstar reported a 40% spike in digital engagement, while TV audiences hit 253 million in the first three matches. Rebel Foods, which runs Wendy's and Oven Story, increased marketing spend by 10-20%, banking on the cricket frenzy. Last year, IPL-driven sales jumped 60-70%, and brands expect another blockbuster season despite broader economic concerns.
It's Thursday, March 13th, 2025. This is Nelson John, let's get started. 1. Saudi's Riyadh Air Eyes India for Expansion Riyadh Air, Saudi Arabia's new airline, sees India as a key market, with CEO Tony Douglas calling it “super important.” Set to begin operations this year, the airline is in early talks with Air India and IndiGo for potential partnerships. Riyadh Air plans to connect Saudi Arabia to over 100 destinations by 2030 and has already partnered with Singapore Airlines, Turkish Airlines, Virgin Atlantic, and Delta. With a fleet of Boeing 787-9 Dreamliners and Airbus A321 neos, the airline is tapping into India's booming aviation market, where Indians form the second-largest expat group in Saudi Arabia. Notably, 16% of Riyadh Air's staff are Indian. 2. Estée Lauder, DPIIT to Boost India's Beauty Startups India's beauty and personal care startups are set for a major push as the Department for Promotion of Industry and Internal Trade (DPIIT) partners with US cosmetics giant Estée Lauder. Through its BEAUTY&YOU India initiative, the collaboration will offer funding, mentorship, and global industry access, with a special focus on women-led startups. India's beauty market is expected to grow from $7.43 billion in 2025 to $9.69 billion by 2034. “This is a first-of-its-kind initiative,” said Sanjiv, Joint Secretary, DPIIT. With India boasting the world's third-largest startup ecosystem, this partnership could drive innovation and scaling opportunities for beauty entrepreneurs. 3. India's IT Stocks Plunge Amid Growth Concerns India's top IT firms—TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra—saw their stocks fall up to 4.28%, erasing ₹75,414 crore in market value. Brokerages Morgan Stanley, Kotak Institutional Equities, and Motilal Oswal flagged concerns over sluggish IT spending recovery in FY26-27. High interest rates, geopolitical tensions, and vendor consolidation are slowing discretionary tech spending. “We see a transition phase where IT spending is reprioritized, moderating growth,” noted Morgan Stanley analysts. Despite these headwinds, Nasscom projects the IT industry to cross $300 billion by March 2026, implying 6.2% annual growth, though analysts remain skeptical. 4. Gold's Surge Raises India's Sovereign Gold Bond Liabilities As gold prices soar and equities struggle, the Indian government faces rising liabilities on its Sovereign Gold Bond (SGB) scheme, which ties payouts to gold's market price. Gold has outperformed equities since 2015, rising 3.46 times its value, while Nifty 50 has declined. ₹2.39 trillion has already been paid under gold-related schemes since 2017, with another ₹1.4 trillion budgeted for 2024-26. With 132,000 kg of gold equivalent set for payout between 2025 and 2032, a prolonged gold rally could strain government finances, making this a key issue for policymakers and investors. 5. Wendy's, Rebel Foods to Open 500 Locations in India by 2028 Rebel Foods will invest ₹100-150 crore to expand Wendy's footprint in India, targeting 500 locations by 2028. The expansion leans heavily on cloud kitchens, which will account for 70% of new openings. Currently, Wendy's operates in 200 locations, with 185 cloud kitchens and 15 offline stores. India's quick-service restaurant (QSR) market is growing at a 23% CAGR, but profitability remains challenging due to inflation and competition. Rebel Foods CEO Ankush Grover expects the IPL season to boost sales. Rebel Foods, which runs over 450 cloud kitchens across India, the Middle East, and the UK, recently raised $210 million from Temasek to fuel expansion.
Hello, we're back again with part 2 of our final, final supercut where we've spliced together one interesting bit of conversation from the last 21 guests I interviewed on First Principles. And like the last episode where we covered founders 1 to 20, you'll hear super sharp slices of a few minutes each which are reflections on their approach to organization building, risk taking, decision making and life living.Here are the guests you'll get listen to in this episode: Krish Subramanian, co-founder and CEO of Chargebee; Varun Dua, founder of Acko; Yashish Dahiya, co-founder and Group CEO of Policybazaar; Archit Gupta, co-founder and CEO of Clear; M N Srinivasu, co-founder and Director of Billdesk; Radhika Gupta, MD and CEO of Edelweiss Asset Management; Lalit Keshre, co-founder and CEO of Groww; Niraj Singh, founder and CEO of Spinny; Karthik Jayaraman, Managing Director of Waycool; Ritesh Agarwal, founder and CEO of Oyo; Soumya Rajan, founder and CEO of Waterfield Advisors; Viren Shetty, Executive Vice Chairman of Narayana Health; Aneesh Reddy, Founder and MD of Capillary Technologies; Vaibhav Gupta, co-founder and CEO of Udaan; Girish Mathrubootham, Founder and Executive Chairman of Freshworks; Harsh Mariwala, Chairman of Marico; Chetan Maini, co-founder and chairman of SUN Mobility; Jaydeep Barman, co-founder and CEO of Rebel Foods; Alok Mittal, co-founder and MD of Indifi Technologies; Kapil Chopra, Founder of The Postcard Hotels; and Manav Garg, founder of Eka.This is not the end of the road for me as a podcast host as you'll soon find out. Actually, very soon. I'm Rohin Dharmakumar, your host. And here's part 2 of the final, final supercut.------Also, if you haven't already, do subscribe to the First Principles newsletter. You can sign up for free here!
Jaydeep Barman has settled into his role of being a CEO for quite some time now. He admits he was not always the nicest of people when they restarted or ‘actually started' Faasos, which later became Rebel Foods, as a QSR chain in 2011. He would be unreasonable and brash with the people he worked with and in his own words “must have rubbed people the wrong way”.But with time he has gained perspective, as one does when they go through all those experiences. Now, he's thankful for all those who remained despite him not being the best boss.Today Jaydeep believes Rebel has found its way but he resists to rest in this fast changing world even though he stands by one belief: People's love for good quality food will always be there and till the day that doesn't change Rebel will be very much in business.In the first part of our conversation with Jaydeep he recounted the journey of Rebel Foods, a lot of anecdotes about the restaurant industry at large, how he hires people with founder's mentality and not LinkedIn mentality and a whole lot more…We strongly recommend listening to the first part of our conversation with Jaydeep to get the full picture or if you wish you could read the full transcript of that conversation here.In this second part of our conversation too, Jaydeep was full of insights about the internet restaurant empire he has built and how they arrived at its current version not with clear, set ideas but a lot of experimentation and realising what works and what doesn't on the way.Jaydeep also touched upon a lot of other things including:The role his co-founder, Kallol Banerjee plays at RebelHow they arrived at Rebel OS and the possibilities it holdsHow, at Rebel written reports are the norm and not the exceptionWelcome to First Principles–The weekly leadership podcast from The KenLet's get started._________________Also, The Ken launched a revamped new app. The experience of reading The Ken got a whole lot better. Find out all the new features we added in this update and how we've made the reading faster, smoother and accessible to everyone here, including a fully optimised app for iPad.Check out the new version of The Ken on iOS and android for yourself. Sign up and tell us your experience._________________Additionally, if you love listening to First Principles we're sure you will enjoy reading our Sunday newsletter aptly titled First Principles as well. It's the perfect read for a laid back Sunday morning. Every week you'll see us discussing mental models, insights from disruptive thinkers and founders, photos and book recommendations curated with help of our wonderful First Principles community and even fun playlists. Sign up here, it's free.In fact, listen to the Summer Playlist we shared in our latest edition. It's eclectic, vibe-y and a must listen.
Rebel Foods was incorporated in 2015. Before that it was Faasos and Faasos has been around since 2004. But co-founder and CEO Jaydeep Barman says back in 2004 when he and his co-founder Kallol Banerjee started it, they didn't look at it as a means of living. It existed to some extent, primarily, to fulfil their own craving for good Calcutta rolls as Pune, where both of them were living at the time, didn't have any nice joints for the same.A few years after starting it both of them left it behind to go and do their second MBAs from INSEAD and after completing it Jaydeep went on to work for McKinsey in London and Kallol headed to Bosch in Singapore.But the dream of having their own company brought them back to Pune in 2011 and this time they were serious about making Faasos huge. They wanted to make it a QSR chain in the image of McDonald's and Dominos of the world, but catering to the Indian taste buds. They raised some venture capital and got a few angel investors and decided to fire up their journey to growing their store numbers and serving great food.But this journey hit a roadblock when they grew too fast and revenue didn't match up growth on a per store basis. This is when they had the first of their ‘lightbulb moments or epiphanies' as Jaydeep calls them.Infrastructure or setting up a restaurant on the high street was a fixed cost that made it hard for Rebel Foods to scale beyond a point. So they decided to enforce a change in how they do business by taking away this fixed cost component and just investing in making food in a kitchen ideally in a location where rent is low.This decision was aided by customer insight as well. When they ran a survey nearly 74% customers said they had never been to a Faasos outlet or they had been to it once. So they piloted the cloud kitchen or ghost kitchen concept, which meant you just have a kitchen which fulfils orders and no storefront or dine-in area, in Mumbai and it worked and they haven't turned back from there.There were two more lightbulb moments which have made Rebel Foods what it is today. What were those?Find out that and a lot more in this episode full of a lot of 2x2 matrix examples, possibly one of the most fun brand origin stories, how Rebel Foods became the world's largest Internet restaurant and priceless insights into the world of serving food without a restaurant that you and I can dine-in.Welcome to First Principles – The weekly leadership podcast from The Ken.Let's get started.If you want to know more about our Narrative Workshops – here is who are our trainers, what do we do and how we do it. This year, we have a few slots open for companies. Sign up here!Also, how are you finding First Principles podcasts? What do you like? What can we improve? What do you think? Write to us at fp@the-ken.com.
The biggest stages in the world are waiting to welcome you. Are you ready to take the stage? Let me teach you how…. Join The Elite Mastermind with me! There are only 20 seats available. Link here: https://heathermonahan.com/the-elite-mastermind/ In This Episode You Will Learn About: What these leaders did differently to build their startup to global success The culture you need to create if you want your business to last What it looks like to have a Unicorn Founder's mindset How you can embrace the real challenges & failures necessary to become a Unicorn yourself Resources: Website: https://amasad.me/ Website: https://www.tryjeeves.com/ Website: https://martinvillig.com/ Website: https://www.rebelfoods.com/ Visit heathermonahan.com Overcome Your Villains is Available NOW! Order here: https://overcomeyourvillains.com Show Notes: What makes a Unicorn Founder? They are the unbeatable entrepreneurs who have created a start-up valued at $1 billion dollars! How do they do it? To help us all reach our goals, I am sharing one of my favorite panels from the LEAP conference: “Decoding the Journey to Becoming a Billion-Dollar Startup”. Together with Amjad Masad, CEO of Replit, Dileep Thazhmon, Founder and CEO of Jeeves, Martin Villig, Co-founder of Bolt, and Ankush Grover, Co-founder of Rebel Foods, we will dive into what it really means to become a Unicorn. You do not want to miss these secrets on building the mindset, culture, and grit that will take you to the next level. You may just be a Unicorn in the making! If You Liked This Episode You Might Also Like These Episodes: #390: The #1 INSIGHTS From My Journey To Success: Introducing "Who Knew In The Moment Podcast" With Phil Friedrich #388: The Secret To Anti-Aging WITHOUT Surgery with Dr. Anthony Youn America's Holistic Plastic Surgeon #384: Secrets From My Masterclass: Securing Partnerships, Building Your Brand, & Achieving Your Goals with Heather! Learn more about your ad choices. Visit megaphone.fm/adchoices
Este episodio es con Pablo Zamora, Co-founder de NotCo, una empresa de alimentos de origen vegetal, así como otras empresas de biotecnología.Pablo experimentó lo que es estudiar en la Antártica y me platicó de su experiencia. También hablamos sobre sus otras startups Rebel Foods y Spora Biotech.Hablamos sobre como fue construir NotCo para convertirse en un unicornio tan popular como lo es hoy. Espero aprendas de esta plática tanto como yo. Libros recomendados:Tecnologías para un planeta en llamas - Paz PeñaInteligencia en la naturaleza - Jeremy Narby Sobre el invitado:Conecta con Gabriel en LinkedinVisita el sitio web de Incluyeme Aceleradora 99 Startups:Información del programa.Aplica AQUÍ.Follow Us:NewsletterInvest in startups in a deal by deal basis, min 1k usd.Encuesta de AudienciaTikTokInstagramTwitterLinkedinWeb
Gita Rusmida Sjahrir, Head of Investments at BNI Ventures, and Jeremy Au talked about three main themes: 1. Business Model Localization: We dissect why Grab, Gojek with Rebel Foods, and DishServe have closed over 100 Indonesian cloud kitchens over the past year. Gita and I discuss the criticality of tailoring the model to fit local dynamics, highlighting factors like GDP per capita, time availability, food distribution, and urban design. We discussed that the driving factors were not the destruction of demand, but instead the misalignment of the business model with consumer behavior. For example, Indonesia's cloud kitchen prices and margins were highly competed by current food models, like ordering food for delivery from local restaurants, cooking at home, or going to a local eatery. 2. Indonesia TikTok Shop Ban: We talked about TikTok Shop's ban in Indonesia and the scrutiny it faces worldwide in the USA, India, and Vietnam. Gita highlighted the need for understanding the nascent political landscape of Indonesia and policy decisions in response to viral issues. She stressed the importance of fostering win-win relationships with regulatory bodies rather than falling into adversarial dynamics, thereby safeguarding startup enterprise value and helping local communities. We compared this to the Airbnb bans in Singapore and NYC, and the differing outcomes for Uber and Didi's relationships with their USA and China regulators. 3. Founder Adaption to Market: We discussed the importance of founders, both local and immigrants, to approach the local markets with humility and how it should not be mistaken for lack of confidence, but rather be seen as a strategic advantage and a means to ensure that innovations brought forth by startups are received positively by the community. We agreed that founders must be willing to learn from the market, and iterate their approach in a way that both respects and leverages the local context, ensuring their value proposition is both clear and compelling. We also touched upon the impact of cultural understanding in shaping business strategy, the necessity for founders to view their journey through a scientist's lens, the role of leadership in turbulent times, and the evolution of consumer behavior in the region. Watch, listen or read the full insight at https://www.bravesea.com/blog/tiktok-shop-ban Get transcripts, startup resources & community discussions at www.bravesea.com WhatsApp: https://chat.whatsapp.com/CeL3ywi7yOWFd8HTo6yzde Spotify: https://open.spotify.com/show/4TnqkaWpTT181lMA8xNu0T YouTube: https://www.youtube.com/@JeremyAu Apple Podcasts: https://podcasts.apple.com/sg/podcast/brave-southeast-asia-tech-singapore-indonesia-vietnam/id1506890464 Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZC5jby9icmF2ZWR5bmFtaWNz TikTok: https://www.tiktok.com/@jeremyau Instagram: https://www.instagram.com/jeremyauz Twitter: https://twitter.com/jeremyau LinkedIn: https://www.linkedin.com/company/bravesea Learn more about Fluid! Get in touch with Trasy, Fluid's cofounder at trasy@gofluid.io
In this Episode, I (@Jivraj Singh Sachar) speak with Shashank Mehta, Founder & CEO of The Whole Truth Foods. The Whole Truth Foods is one of the most fascinating consumer startups of our ecosystem. With the mission to build on top of the truth, the Whole Truth is building a truly category creating and leading brand, with fundamentals that are beyond disruptive. TWT is founded by Shashank Mehta, a marketer at heart who has had HUL as his training ground along with being one of the EIRs at Rebel Foods. His personal journey has influenced much of what the Whole Truth does manifesting the new-age adage of Founder-Led-Brands. The Whole Truth today has a distinctive positioning, brand and high recall with incredible consumer love. They started off with Protein Bars but now have chocolates, snacks and a lot more, and will be present wherever the Truth needs to be brought out. I sit with Shashank and discuss the core principles that have led to building something as unique and pioneering. Through the conversation we discuss how TWT got started, what brand building truly means, why is storytelling important and how can it be mastered, and grasp the incredible culture, product development cycle & decode their latest move with Truth Be Told, the health journalism initiative. This episode is an absolute masterclass for all brand builder and lovers! I have cherished each bit of it and I am certain you will too, but before get started, here is a quick word about our sponsor: Stride Ventures, which is one of India's leading Venture Debt Funds, becoming synonymous with innovative startup financing in India. Stride provides comprehensive solutions, going beyond venture debt, to cater to distinctive challenges faced by high-growth and inherently strong businesses, backed by leading institutions. The fund has a portfolio of over 60+ diversified companies, having deployed more than Rupees 1500 Crore to date. In just over two years, Stride Ventures has emerged as the preferred venture debt lender in the Indian Ecosystem. To know more about this phenomenal fund, visit - https://strideventures.in/ Hope you liked the 116th Episode on the Indian Silicon Valley Podcast - Productising The Whole Truth for Millions! That was it from this Episode, thanks again for tuning in! :) If you liked the episode, do share with your friends or drop us a quick review! Also, do follow us on social media to stay updated with all new episodes: Twitter: https://twitter.com/isv_podcast LinkedIn: https://www.linkedin.com/company/indian-silicon-valley-podcast/ Instagram: https://www.instagram.com/indiansiliconvalleypodcast/ Gallery of all Episodes: https://airtable.com/shrTOFf1z5UT0q9p8 You can also subscribe to the YouTube Channel of the Podcast : https://www.youtube.com/c/IndianSiliconValley/ "If you never try, you never know" Stay Tuned, Keep Building.
In this episode, we talk about Top 10 Startups from Mumbai - financial capital of India. #10: PepperFry: The startup was founded by two former eBay employees, Ambareesh Murty and Ashish Shah, back in 2011 as Trendsutra Platform Services. In the beginning they were selling all e-commerce products, but they realised in early 2013 that if they were gonna succeed as a startup, they were gonna need to focus in on one product category, and that category ended up being furniture. Their last valuation was $462 million, during their Series F round in February of 2020. #9 Jupiter: The company was started by Jitendra Gupta whose first big startup success was fintech startup Citrus Pay. They offer their customers legitimate bank accounts, and with these bank accounts, they can also offer products like Jupiter Edge which is a sort of buy now, pay later credit hybrid, a salary advance account, and a traditional debit card as well. They have raised $155 million at a valuation of $711 million. #8 Zepto: It was started by two teenagers Aadit Palicha and Kaivalya Vohra. They first started KiranaKart, a Mumbai-based grocery delivery startup that partnered with kiranas to deliver items to customers, but they quickly realised that being the middle-man between kiranas and customers wasn't a scalable model so they launched Zepto in April 2021. Zepto is a soonicorn, they were last valued at $900 million back in May of 2022, and their investors have poured $360 million into the company. #7 Purplle: This company was incorporated in 2011 as Manash Lifestyle Private Limited, by three IITans, Manish Taneja, Rahul Dash, and Suyash Katyayani and it is a omnichannel beauty startup like Nykaa. Purplle follows a marketplace model as oppose to Nykaa's inventory model. They have over 600 foreign and Indian brands on their marketplace, and were last valued at $1.1 billion in June of 2022, making them a unicorn. #6 LEAD School: Started by Smita Deorah and Sumeet Mehta back in 2012, LEAD School is actually a B2B SaaS play - when a school signs up with LEAD, they gain access to LEAD's international standard curriculum, their backend SaaS systems which allow faculty to manage things like admissions, students, classrooms, grades, all from a single online platform. They've got upwards of 3,500 schools signed up with them in more than 400 cities, and in 2022 they achieved a valuation of $1.1 billion. #5 Acko: It was started by Varun Dua and Ruchi Deepak as a new insurance provider that would make the process of buying and claiming insurance fast, easy, and affordable. They got a licence to sell insurance in 2017, and today, they've sold car, taxi, bike, and health insurance to 50 million unique customers and they are currently valued at $1.1 Billion. #4 upGrad: It was started by Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, and Ronnie Screwvala, in March of 2015. Company focuses on higher education and upskilling and they were valued at $1.2 billion last year. #3 Rebel Foods: It began with a single offline QSR restaurant in Pune, Faasos, in 2003 by Jaydeep Barman and Kallol Banerjee and today, Faasos has 500 restaurants across 10 countries. Rebel Foods is a cloud kitchen startup, they operate something called internet kitchens, basically these are kitchens specifically catering to people ordering online using platforms like Swiggy or Zomato. #2 CoinDCX: Founded by two friends Neeraj Khandelwal and Sumit Gupta in 2018, it is India's first ever crypto unicorn. Today, they're one of the leading crypto exchanges in India with more than 13 million users, and they've raised a total of $244 million from their investors at a $2 billion valuation as of August of 2021. #1 Pharmeasy: Dharmil Sheth and Dhaval Shah, started this company in 2015 to make healthcare completely doorstep deliverable in India.
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.
Why is HUL considered a Leadership factory?“Every great brand is built on a fundamental human insights.”Do you agree that people come before revenue?“Invest in Brand, even as little as possible, and not just Performance Marketing from Day 1.”Listen to Shashank Mehta, Founder of The Whole Truth Foods and a passionate HUL Ex-employee in today's episode to know his perspective about everything mentioned above. Notes - 03:43 - Definition of D2C market in India context07:11 - His early career prior to starting his entrepreneurial journey09:40 - Post-MBA why he chose Marketing over Finance?11:30 - Why HUL is considered a leadership factory?14:30 - Learnings from his stint at HUL18:48 - Why he joined Faasos (now REBEL Foods) a lesser known startup leaving HUL in 2012?23:40 - Scale of Faaso's when he joined and left the company24:30 - Why he left Faasos and joined HUL again?28:22 - Learnings from setting up an Ayurveda-brand within HUL34:09 - Consumer insight which HUL was trying to solve with its AYUSH proposition34:54 - His blog about food and fitness - FIT SHIT41:54 - Raising around 5 Cr+ initial funding during his Notice Period45:10 - Zero to One Phase of The Whole Truth Foods50:02 - Realizing the ‘Aha Moment' of brand's journey52:32 - Sales & Revenue Milestones during their journey54:05 - Being a Truth company rather than being a food company57:00 - Key learnings while scaling a brand
This week in Indian startup news, Unacademy lays off 1,000 employees in 2 months, Ola's founder Bhavish Aggarwal steps away from day-to-day operations, After Zomato, Ola now enters 10-minute food delivery, Meesho lays off 150 employees, Rebel Foods acquires majority stake in Smoor. In funding news, Lenskart raises $100 million, Medikabazaar raises $65 million, PhableCare raises $25 million, Newton School raises $25 million. Unacademy fires over 1,000 employees: Indian edtech startup Unacademy has reportedly laid-off around 600 of their employees, less than a month after they fired 300 employees in march, this includes both on-roll and contractual staff. This is mainly to cut costs as they plan on turning profitable by the end of this calendar year (2022). Bhavish Aggarwal steps away from day-to-day operations: Ola's co-founder and CEO Bhavish Aggarwal has decided to hand the reins of day to day operations to Ola group's CFO G R Arun Kumar - who has been with Ola as the group's CFO since last May. This decision could have been taken as Ola is gearing up for an IPO and would preferably want to have someone like G R Arun Kumar who is a veteran and has worked for over 16 years at Vedanta Resources and General Electric in building strong businesses to bring in control and discipline in terms of their financials while Bhavish can continue to build and innovate at Ola Electric. After Zomato, Ola enters 10-minute food delivery: Ola has confirmed that they have been piloting 10-minute food delivery for a while now. Ola will be using Mukunda Foods - that makes robotic equipments which can reduce the food preparation time by 20-50%. The kind of food items that will be on the menu for include items like khichdi, pizza and rolls. Meesho lays off 150 employees: Social commerce unicorn Meesho has also laid-off 150 employees as it restructures and rebrands their grocery business Farmiso to Meesho Superstore. According to company spokesperson, this move is aimed at bringing in efficiencies and the company will help those impacted secure new opportunities outside the company. Rebel Foods acquires majority stake in Smoor: Cloud kitchen startup Rebel Foods has acquired a majority stake in luxury chocolate brand Smoor - in a bid to build their portfolio of brands. Smoor has grown at a rate of over 40% CAGR over the last five years and this partnership with Rebel Food will help them grow their brand and expanding their omnichannel distribution strategy through their offline kiosks, cafes and lounges in tier 1 cities and also leveraging their own digital platform and Rebel Foods' digital platform to grow their online sales. Lenskart raises $100 million: Eyewear brand Lenskart has raised $100 million in a round led by Alpha Wave Incubation taking their valuation to $4.3 billion. The startup is planning to invest a portion of their funding into their own Thrasio-style business by acquiring and scaling brands in the eyewear segment. Medikabazaar raises $65 million: B2B healthcare marketplace Medikabazaar has raised $65 million in a round led by Lighthouse India Fund, which takes their valuation to $700 million. They will use funds to strengthen their technology platform, deepen their supply ecosystem, expand distribution network and expand global operations. PhableCare raises $25 million: Healthtech startup PhableCare has raised $25 million in a round led by Kalaari Capital to invest in strategic acquisitions, accelerate market expansion, strengthen technology, build their brand and add new revenue streams. Newton School raises $25 million: Edtech startup Newton School has raised $25 million in a round led by Steadview Capital. Newton School offers multiple programs for students and working professionals to develop their skills.
Our next guest on The Shape of work podcast is Niraj Shukla, Head of HR Operations - India BU at Rebel Foods.Rebel Foods was established in the year 2011. They are the world's largest internet restaurant company. Niraj has spent over a decade building his tool stack in the HR space. Prior to Rebel Foods, he worked as an HR ER at GeBBS Healthcare Solutions, HR Manager at CARE Risk Solutions Pvt Ltd, and Assistant Manager - Talent at CarWale.Episode Highlights:How should talent leaders reimagine their roles and prepare for the future?HR professionals form a bridge between the employees and the organization, and hence it's important for them to set the right expectations and fulfil those accordingly. They should have a broad view of their employees, business, and the market to come up with initiatives for achieving set goals.How to retain your current workforce?The key to retaining talent is by providing them with support and motivation. Organizations should conduct regular surveys to understand their employees better & act on them. What is your one piece of advice to emerging talent leaders of today?Niraj advises future leaders to inculcate a habit of listening. Listening to your employees, business, team leaders, and stakeholders gives a new perspective & also resolves the challenges faced. Follow Niraj on LinkedIn.Produced by: Priya BhattPodcast Host: Dinesh Pandey About Springworks:Springworks is a fully-distributed HR technology organization that is building tools and products to simplify recruitment, on-boarding, employee engagement, and retention. The product stack from Springworks includes:SpringVerify — B2B verification platformEngageWith — employee recognition and rewards platform that enriches company cultureTrivia — a suite of real-time, fun, and interactive games platforms for remote/hybrid team-buildingSpringRole — verified professional-profile platform backed by blockchain, andSpringRecruit — a forever-free applicant tracking systemSpringworks prides itself on being an organization focused on employee well-being and workplace culture leading to a 4.8 rating on Glassdoor for the 200+ employee strength company.
In this Episode, I (@Jivraj Singh Sachar) speak with Jaydeep Barman, Co-Founder & CEO of Rebel Foods. Jaydeep Barman and team have built perhaps the most unique, first-principles startup of the country. Rebel Foods has established and pioneered the concept of cloud kitchens not just in India, but globally! What started as Faasos in 2011 as a single-store fast-food outlet, has become a technology marvel paving the way for a complete overhaul of the restaurant business. Rebel Foods soon realised that they wanted to drop the infra, dominate the different consumer missions and redefine the entire category. A decade later, Rebel is a Unicorn startup in 10+ Countries, building the largest interest restaurant of the globe. Through this conversation we decode how they got here - 1. (2:23) : Decoding the DNA of Doing Things Differently 2. (06:23) : Finding Conviction in Being Contrarian ~ Thinking from First Principles 3. (08:57) : Demystifying the mission and vision of Rebel Foods ~ Aligning long-term mission & short-term execution 4. (13:19) : Filtering Consumer Insights ~ Working Customer Backwards 8. (17:41) : Understanding what to listen to and why ~ Feedback Iteration 9. (20:28) : Being Deliberate about Building a Phenomenal Culture at Rebel Foods 10. (25:03) : Cultivating Leaders at Rebel Foods ~ Evolving as a Founder from the How - What - Who? 11. (30:31) : The role of the smaller aspects in scaling culture 12. (34:04) : Navigating the challenge of Expanding Rebel Foods across the World ~ Putting India on the Global Consumer Map! 13. (37:44) : "Becoming a Unicorn in a Decade ~ Still Day 1" - What does "Long Game" look like as a Founder? 14. (42:50) : Mountaineering vis-a-vis Entrepreneurship - a) If you end up going to fast, take a pause! 15. (45:00) : Mountaineering vs Entrepreneurship - b) Figuring Out the Way! ~ Jaydeep's superpower of learning 16. (48:04) : Founder Scalability ~ How has Jaydeep evolved as a Founder? 17. (52:10) : Conclusion Hope you liked the 79th Episode of the Indian Silicon Valley Podcast - Building the Largest Internet Restaurant of the World! That was it from this Episode, thanks again for tuning in! :) If you liked the episode, do share with your friends or drop us a quick review! Also, do follow us on social media to stay updated with all new episodes: Twitter: https://twitter.com/isv_podcast LinkedIn: https://www.linkedin.com/company/indian-silicon-valley-podcast/ Instagram: https://www.instagram.com/indiansiliconvalleypodcast/ Gallery of all Episodes: https://airtable.com/shrTOFf1z5UT0q9p8 I am Jivraj, the host and if you have anything you would like to share with me, feel free to reach out via: LinkedIn: https://www.linkedin.com/in/jivrajsinghsachar/ Twitter: https://twitter.com/jivraj_sachar Or, you can directly reach out to me via WhatsApp: https://bit.ly/Indian_Silicon_Valley_Podcast You can also subscribe to the YouTube Channel of the Podcast : https://www.youtube.com/c/IndianSiliconValley/ "If you never try, you never know" Stay Tuned, Keep Building.
After a stellar liquidity-driven run in the traditional accounting year that ended yesterday, India's equity markets entered Samvat 2078 with muhurat trading last evening. This token trading on the bourses set the tone for the new Samvat year. So, how should we expect the markets to behave this year? What will be the broader driving themes, and what will be the risks? The shares of Indian Railway Catering and Tourism Corporation (IRCTC) nosedived last week, just hours after the Centre announced taking half of its revenue from convenience fee. With this move, the government was hoping to collect between Rs 150 crore and Rs 200 crore annually. But the announcement led to a 29% drop in the PSU's shares and a market cap erosion of almost Rs 21,000 crore. Forced by this, the government made a U-Turn within hours. Retail investors alleged that the government ignored the rights of minority shareholders. Now what does the U-turn mean for investors of PSU stocks? And will it affect the valuation of LIC in any way? In 2011, when it was born as Faasos, Rebel Foods wasn't the cloud kitchen startup it is today. In fact, cofounders Kallol Banerjee and Jaydeep Barman had begun with the idea of setting up a high-street quick-service restaurant (QSR) chain selling wraps. So, what did Rebel Foods do differently to become India's first unicorn in the cluttered cloud kitchen market? In this exclusive interview, Kallol Banerjee recounts the journey and discusses the way forward. Today, wearable headsets are bringing down the walls between physical and virtual worlds. You could shut out the physical world around you and take a ride through Hogwarts on a dragon, or you could find digital arrows overlaid on the building in front of your eyes, to help you navigate better. Let's understand the difference between three path-breaking technologies with infinite possibilities. Listen to these and more in today's Business Standard Morning Show podcast. Watch Video
In 2011, when it was born as Faasos, Rebel Foods wasn't the cloud kitchen startup it is today. In fact, cofounders Kallol Banerjee and Jaydeep Barman had begun with the idea of setting up a high-street quick-service restaurant (QSR) chain selling wraps. So, what did Rebel Foods do differently to become India's first unicorn in the cluttered cloud kitchen market? In this exclusive interview, Kallol Banerjee recounts the journey and discusses the way forward. Here are the highlights of the Q&A: Q. How does a Rebel Foods cloud kitchen function and what is the level of automation? Rice for both Faasos and Behrouz Biryani cooked in the same kitchen We automate processes that are repetitive or require constant supervision We are designing machines that understand recipes The machine instructs the chef when to add ingredients Product experts, engineers and industrial designers automate kitchen processes Q. What goes into making a good cloud kitchen business? Cloud kitchens are low rental, but have to pay delivery charges Cloud kitchens can be relevant for different occasions and missions It works only when you understand digital branding Works only at scale, with multiple brands across several cities Q. What has Rebel Foods done differently from its competitors? Started life as Faasos with the QSR concept We thought we would be the McDonald's of India Encountered challenges like dearth of high-street locations, and high rentals Became delivery-only around 2014 – the first of our kind in India Q. You have two brands in the Biryani segment in different price bands. What's the strategy? Once you learn how to make Biryani, you can call it 10 different things There can be different quantities of meat and rice, slight variations in taste Typical FMCG play: Like P&G or HUL have many washing powder brands If someone tries to undercut Behrouz, I can fight the price war with The Biryani Life Q. Your assessment of the Indian cloud kitchen market… India's cloud kitchen and restaurant market vastly underpenetrated compared to the US and China Cloud kitchen is a typical Indian leapfrog story We didn't have the infrastructure so we say forget dine-in Watch Video
Jaydeep grew up in a Bengali household that loved food. While working in Pune, he missed the Kathi rolls he loved growing up and decided to start a restaurant as a side project. The two launched Faasos, a restaurant serving rolls, and outsourced its operations. Jaydeep then went to pursue his MBA at INSEAD and landed a job at McKinsey London. After 5 years, he returned to India and had to choose between joining the firm's rapidly growing India office or growing Faasos. Faasos started from a single restaurant in Pune and eventually expanded to 10 across Mumbai and Bangalore. It offered doorstep delivery, a novel concept back in the day! In spite of the customer love, Faasos struggled to make unit economics work due to the high cost of real estate - a common problem for Indian restaurants. A shift in strategy was driven by a customer survey insight - 74% of customers had never visited a Faasos restaurant! This epiphany led them to adopt a 'delivery only' model and cut down costs. Rebel Foods eventually pioneered the concept of 'cloud kitchens' - a single physical kitchen serving as multiple brands. Today, Rebel Foods is the leading internet restaurant company globally with 15+ brands and 3500+ restaurants across 10 countries. For more details visit: ajuniorvc.com/podcast
This week in Indian Startup News, Fantasy gaming apps shut down operations in Karnataka, Slice to offer 3-day work week to attract talent, Paytm acquires CreditMate, Ola acquires GeoSpoc, and Good Glamm Group acquires The Moms Co. In funding news, Licious raises $52 million to become India's first D2C unicorn, CoinSwitch Kuber raises $260 million to become India's 2nd crypto unicorn, Rebel Foods raises $175 million to become a unicorn, Byju's raises around $300 million, Ola Electric raises $200 million and Chalo raises $40 million. Fantasy gaming apps shut down operations in Karnataka: Karnataka's bill banning ‘games of chance' disguised as ‘games of skill' came into effect this Tuesday. Since then, fantasy gaming platforms like MPL, Paytm First Games, RummyCircle, My11Circle and Nazara's HalaPlay have blocked access for their users in Karnataka. According to experts, this could impact 10% of Karnataka's online transactions. However, Dream11 still seems to be operational. Slice to offer 3-day work week to attract talent: In what seems like a hiring war between Indian startups and IT giants for top talent, startups are trying out different ways to attract more engineers. In a different approach, fintech startup Slice is offering a 3-day work-week to their employees – providing them the flexibility to work on their personal projects. They plan on hiring 1,000 employees under this program over the next five years. Paytm acquires CreditMate: IPO-bound fintech giant Paytm has acquired a 100% stake in CreditMate's parent company Urja Money. This acquisition will help Paytm strengthen their lending business – bringing the entire loan cycle products under one roof. Ola acquires GeoSpoc: Cab aggregator Ola has acquired geospatial services provider GeoSpoc to help them build the next generation of location and geospatial technologies – real-time HD and 3D maps with high accuracy. Good Glamm Group acquires The Moms Co: The Good Glamm Group, previously known as MyGlamm, has acquired D2C mom and babycare brand The Moms Co – in a deal which is estimated to be worth ₹500 crore. This acquisition will strengthen the Good Glamm Group's position in the skincare category. Licious raises $52 million to become India's first D2C unicorn: D2C fresh meat brand Licious has raised $52 million in a round led by IIFL – making them India's first D2C unicorn. CoinSwitch Kuber raises $260 million to become India's 2nd crypto unicorn: Crypto trading startup CoinSwitch Kuber has raised $260 million from Coinbase Ventures and Andreessen Horowitz at a valuation of $1.9 billion – making them India's second crypto unicorn. Rebel Foods raises $175 million to become a unicorn: Cloud kitchen startup Rebel Foods has raised $175 million in a round led by Qatar Investment Authority to expand their international presence and explore acquisition opportunities to bring more food brands under their portfolio. Byju's raises around $300 million: Edtech decacorn Byju's has raised around $300 million to continue their international expansion through acquisitions. Ola Electric raises $200 million: EV startup Ola Electric has raised $200 million from Falcon Edge Capital to help them accelerate the development of other electric vehicles – electric motorcycle, mass-market scooter and electric car. Chalo raises $40 million: Chalo, a startup that is digitizing bus operations and experience, has raised $40 million from Lightrock India and Filter Capital to expand their presence in India and foray into the international markets.
Rebel Foods, which operates a large network of dark kitchens in nearly a dozen markets, is the latest Indian startup to attain the unicorn status. The Bangalore-based startup said on Thursday it has raised $175 million in its Series F financing round that valued it at $1.4 billion, up from about $800 million last year.
Rebel Foods, which operates a large network of dark kitchens in nearly a dozen markets, is the latest Indian startup to attain the unicorn status. The Bangalore-based startup said on Thursday it has raised $175 million in its Series F financing round that valued it at $1.4 billion, up from about $800 million last year.
In today's video, we take a look at the top 10 Indian D2C startup brands. #10 Vahdam India: Founded by Bala Sarda in 2015, Vahdam India is a premium tea brand coming out of India – offering more than 100 signature tea blends. They started selling their tea in the US and Europe – that's where the majority of their revenues come from. In FY20, Vahdam India sold teas worth $10 million to 2 million customers across 100 countries. #9 Bewakoof: Founded by Prabhkiran Singh and Siddharth Munot in 2012, Bewakoof is a D2C fashion brand that sells T-Shirts and other fashion accessories like pants, backpacks and mobile covers with quirky messages and designs through their online platform. To date, they have sold their products to more than 6 million customers. #8 Mamaearth: Founded by Ghazal Alagh and Varun Alagh in 2016, Mamaearth is a D2C babycare brand that sells toxin-free babycare products. Today, they have expanded their toxin-free product portfolio to enter the adult personal care market as well. In FY21, Mamaearth's revenue grew 5X to reach ₹500 crore. #7 Licious: Founded by Abhay Hanjura and Vivek Gupta in 2015, Licious is a D2C fresh meat brand that controls their entire supply chain to deliver fresh meat to their customers. From just 1,300 orders in their first month, Licious has now scaled to 1 million orders every month. In FY20, they raked in ₹180 crore and their revenue for FY21 has already crossed ₹600 crore in the first six months. #6 Wakefit: Founded by Ankit Garg and Chaitanya Ramalingegowda, Wakefit is a D2C mattress brand that made its name by selling premium mattresses at affordable prices. Despite the pandemic, their revenues have grown 2X from ₹199 crore in FY20 to ₹410 crore in FY21 – while also staying profitable. #5 HealthKart: Founded by Sameer Maheshwari and Prashant Tandon in 2011, HealthKart is online health and fitness supplements brand that sells health and nutrition supplement products under their own brands like MuscleBlaze, TrueBasics, Incredio, HealthViva and Nouriza. In FY20, HealthKart earned ₹353.2 crore in revenue and they also have adopted an omnichannel approach by opening up 93 physical stores across 37 cities. #4 Rebel Foods: Founded Jaydeep Barman and Kallol Banerjee in 2011, Rebel Foods started as a small restaurant business named Faasos. The duo turned their restaurant business into cloud kitchen business after realising more than 75% of their orders were coming online. Today, they have 10 brands under the Rebel Foods brands with more than 320 cloud kitchens across the country. #3 Boat Lifestyle: Founded by Aman Gupta and Sameer Mehta in 2016, Boat is a D2C consumer electronic brand that sells everything from charging cables to Bluetooth speakers to earphones to home studios. Today, Boat sells more than 15,000 units every day. In FY20, Boat raked in ₹701 crore in revenue – making a profit of ₹49 crore. #2 Lenskart: Founded by Peyush Bansal, Amit Chaudhary and Sumeet Kapahi in 2010, Lenskart is a D2C eyewear brand that sells more than 8 million eyewear to their customers through their online platform and more than 750 physical stores across the country. #1 Nykaa: Founded by Falguni Nayyar in 2012, IPO-bound omnichannel beauty and cosmetics retailer Nykaa sells their own private label brands like Nykaa Naturals, Nykaa Cosmetics, Kay Beauty, Nykd by Nykaa, 20 Dresses and Pipa Bella through their online platform. Nykaa is one of those rare profitable unicorns – which managed to generate a revenue of ₹2,441 crore while pocketing ₹62 crore in profits.
As a young startup, we've seen first hand the immense challenges that come with starting and scaling a company. It's a chaotic journey fraught with unknowns. And the only way one can peek a bit further into this extremely uncertain future, is by standing on the shoulders of giants. So, to help other aspiring founders and their teams learn from the stalwarts who've come before us, we present 'The Whole Truth of Starting Up'. In this episode Jaydeep Barman, founder of Rebel Foods (formerly known as Faasos) takes us on a journey explaining how he hires entrepreneurs and approaches building something pioneering.
In this Episode, I (@Jivraj Singh Sachar) speak with Revant Bhate, Co-Founder of Mosaic Wellness, a family of health & wellness brands. Through the Episode we discuss the following: 1. (02:17) : Where does Revant's love for the Startup Ecosystem come from? ~ Misfits trying to create value! 2. (08:21) : How has Mosaic thought of building Full Stack in terms of a complete platform for health & wellness? 3. (16:41) : Building a Team of Misfits who tinker, believe, own, dream & execute! ~ What's the secret behind the rocketship team at Mosaic? 4. (22:30) : How to add Method to the Madness? ~ Understanding the Processes that make exponential growth possible at Mosaic! 5. (30:45) : How does Revant budget for time that can be utilised to think ~ reassess ~ problem solve? 6. (36:51) : The Primary Learnings for Revant from his Journey of Building at Rebel Foods! ~ Inculcating the 0 to 1 Mindset 7. (41:02) : What is Revant's motivation to build? ~ How can we continue to thrive with the 0 to 1 Mindset 8. (46:29) : How does Revant optimise for the future & ensure the trajectory keeps exponentially moving upward? 9. (52:22) : Lessons for the Founders Journey! ~ --> Take Less Stress --> Spend More Time with Family 10. (54:38) : Conclusion Here is the 54th Episode of the Indian Silicon Valley Podcast - The 0 to 1 Mindset! That was it from this Episode, thanks again for tuning in! :) We're available on Instagram & Twitter. Feel free to drop in your feedback! Do not forget to Subscribe to our WhatsApp Newsletter. Do share the Episode with your friends if you liked the content :) I, Jivraj, am reachable on LinkedIn & Twitter! "If you never try, you never know" Stay Tuned, Keep Building.
Jaydeep Barman is the Co-Founder and CEO of Mumbia-based Rebel Foods, The World's Largest Internet Restaurant with 320 ghost kitchens in three continents powering over 26 native and third-party brands like Wendy's. Founded in 2011 as Faasos, a QSR biryani chain, the startup quickly saw most of its sales go towards delivery with 73% of customers reporting having never visited a store. After realizing that the e-commerce revolution that occurred in books and travel would soon hit food, Faasos quickly pivoted to what is now known as the ghost kitchen model.
Surely you've heard of the food chains Faasos, Behrouz Biryani right? Well, they come from Rebel Foods. The internet-restaurant company in India, which has evolved with time has reached new horizons. After managing and building the core of the brand for about 9 years, Sagar Kochhar, Co-founder, Rebel Foods proudly calls himself the father of this enterprise, along with his other co-founders. Host: Konark Tyagi Producer: Priyanka Ganwani & Aishwarya Kumar Creative Lead: Siddharth Alambayan Channel Head: Jonathan Immanuel Mashable Across The Web Facebook: https://www.facebook.com/mashableindia/ Follow us on Twitter: https://twitter.com/MashableIndia Follow us on Instagram: https://www.instagram.com/mashable.in... Subscribe for Latest Videos: https://bit.ly/2QIlhxZ
At a time when the Indian Government is ruthlessly banning Chinese apps and pushing the Indian Start-up eco-system to raise their game,the question really is, "Are we ready to take the challenge"?It's well known that most Indian startups are prone to emulate successful global ideas, by and large fine-tuning an existing model to serve local needs. There's Ola for Uber, Gaana for Spotify, OYO Rooms for Airbnb, and Flipkart for Amazon. So while India has provided for a nurturing ground to numerous startups in the past few years but they are merely clones of Western ideas.To storm this very pertinent norm we have none other than GV Ravishankar, who is a Managing Director of Sequoia Capital India. GV's specific focus areas are the Consumer, Financial Services, and Education sectors. Two of the most interesting Indian start-ups GV works with are Byju's and Rebel Foods. A President's Gold Medal awardee from IIM Ahmedabad, GV's experience spans many years with Wipro Technologies and then McKinsey & Company in senior advisory roles.
Innovative products, a strong value proposition and a new cut-throat advantage for the Covid-19 world—this week's cover story looks at clutch of online-first brands disrupting traditional markets, including Rebel Foods, Beardo and Mamaearth. Read the full story on forbesindia.com