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Welcome to Eli (Entrepreneur Lounge of India), your daily dose of inspiration for entrepreneurship! Today, we have Chirag Jadhav, the Co-founder and CTO of Tablesprint. Tablesprint is an innovative AI-powered SaaS platform enabling businesses to build custom enterprise applications within minutes, not months.Chirag shares his journey (00:47) starting as an engineer (University of Pune graduate), his early product inclination leading him to build RainCan (India's first subscription-based daily essentials delivery service), its acquisition by BigBasket (becoming BBdaily), and the insights gained from scaling operations there, especially during the challenging COVID period (03:56).Discover insights into:The Genesis of Tablesprint: How experiences at BigBasket during COVID, needing rapid system changes, sparked the idea for a platform allowing quick app modifications, even by non-technical users (04:41).What Tablesprint Does: An AI-first, no-code/low-code platform for building intuitive apps and workflows across business verticals like HR, sales, operations, supply chain, education, and pharma (00:03, 06:15, 06:58).The Role of AI: How Tablesprint uses AI as a consultant, allowing users to build apps, forms, and workflows using natural language commands, leveraging models and proprietary embeddings (08:42).Platform Features: Building complex workflows (e.g., education sector attendance, parent notifications via WhatsApp/calls), seamless integrations (e.g., Shiprocket), reusable components, and templates (10:17, 07:28, 08:18, 21:22).Target Audience & Market: Serving global clients of varying sizes, with a strong focus initially on the US market due to higher platform adoption tendencies (05:28, 14:11, 14:54).Business Model: A SaaS platform where apps are built and run on Tablesprint's infrastructure (on-premises for Tablesprint), with options to hire developers hourly and partner programs (12:17, 13:22).Customer Acquisition: Using social marketing, Google Ads, and a partner program (16:34).Future of AI & Development: Chirag's view that AI will augment developers ("super developers") rather than replace them, making development faster and more robust (17:47).Tablesprint's Roadmap: Focusing on enhancing AI capabilities (especially in workflow creation), adding more templates, and increasing platform simplicity (20:06).User Onboarding & Support: Utilizing video materials, help documentation, in-app annotations, and a Tablesprint developer certification program (22:50).Tune in to learn about building a cutting-edge AI SaaS platform, the future of app development, and Chirag's entrepreneurial insights.#EliPodcast #ChiragJadhav #Tablesprint #AIAppBuilder #NoCode #LowCode #SaaS #EnterpriseSoftware #RainCan #BigBasket #Entrepreneurship #TechStartup #India #Podcast
Visit YFL Home: https://yflhome.com/ Disclaimer: This video is intended solely for educational purposes and opinions shared by the guest are his personal views. We do not intent to defame or harm any person/ brand/ product/ country/ profession mentioned in the video. Our goal is to provide information to help audience make informed choices. Order 'Build, Don't Talk' (in English) here: https://amzn.eu/d/eCfijRu Order 'Build Don't Talk' (in Hindi) here: https://amzn.eu/d/4wZISO0 Follow Our Whatsapp Channel: https://whatsapp.com/channel/0029VaokF5x0bIdi3Qn9ef2J Subscribe To Our Other YouTube Channels:- https://www.youtube.com/@rajshamaniclips https://www.youtube.com/@RajShamani.Shorts
McKinsey innovation leader Erik Roth speaks with Shiprocket cofounder and CEO Saahil Goel about how he built his e-commerce logistics company into a highly successful platform that is helping launch new entrepreneurs all over India. Related Insights Follow The Committed Innovator podcast: https://omny.fm/shows/the-committed-innovator Read the transcript: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/helping-indias-e-commerce-leapfrog-into-the-future Discover our latest insights and join more than 92,000 influential professionals who are part of our LinkedIn community: https://www.linkedin.com/showcase/mckinsey-strategy-&-corporate-finance/See www.mckinsey.com/privacy-policy for privacy information
Did you know about 10 to 12% of India's GDP goes into logistics? That's even more than what the software or automotive industries get! In this episode, we delve into the remarkable journey of Shiprocket as it shakes up the world of e-commerce. Akshay Ghulati talks about Shiprocket's vision and how they're tackling unique challenges in India's market. Learn how Shiprocket makes e-commerce smarter and more efficient, especially in international shipping.Get notified about the latest releases and bonus content by subscribing to our newsletter at www.founderthesis.comRead more about Shiprocket:-1. Shiprocket's ‘back-to-the-future' mission: Democratising ecommerce for Bharat2. Tech, Government support driving support in India's exports: Akshay Ghulati3. D2C sales made smarter and swifter with Shiprocket Checkout4.Shiprocket expands services to boost revenue beyond shipping5.Shiprocket to upskill 100,000 Indian MSMEs for e-commerce
Had an amazing conversation with Akshay Ghulati, Co-Founder & CBO, Shiprocket, at the ACLR8 studio! ❤️
Wigzo is an automated customer data platform for D2C brands in which Shiprocket has acquired a majority stake. It has grown from an automated personalized email marketing tool to a platform that helps brands to understand massive customer data and use it intelligently.What you can learn from this episode: The evolution of Mar-tech, from email automation to Customer Data Platform The journey of finding the right problem to solve Raising more funds vs getting acquiredGet notified about the latest releases and bonus content by subscribing to our newsletter at www.founderthesis.com
Tribe Capital is in talks to lead a $75 million to $100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a notable financing deliberation at a time when Indian startups are struggling to raise capital.
The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising
In this episode, Vishesh Khurana, Co-Founder @Shiprocket, joins our host Digjay, to talk about his background and path leading up to Shiprocket, macro tailwinds that shaped Shiprocket's evolution and its current product stack, challenges faced when scaling up Shiprocket, empowering leaders and people management, Shiprocket's inorganic growth playbook, fundraising journey and value add from investors. Shiprocket is a logistics enablement platform that offers SaaS solutions to online sellers and D2C brands for aggregating and choosing the best logistics partner to ship their e-commerce orders. Shiprocket is backed by some marquee investors like Lightrock, Temasek, Zomato, Bertelsmann, Moore Strategic Ventures, March Venture Capital, and Paypal among others. Till date, Shiprocket has made five acquisitions, including cargo shipping business Rocketbox, supply chain management solution Glaucus, marketing automation platform Wigzo, logistics aggregator Pickrr and Arvin Internet's retail enablement business, Omuni. You can connect with Vishesh here on Linkedin / Twitter ---- Show notes – (01:31) Vishesh's path leading up to Shiprocket (02:59) Genesis of Shiprocket (06:23) Macro tailwinds that shaped Shiprocket's evolution and its current product stack (13:06) Importance of building an alternate demand ecosystem to scale up an e-commerce business (14:57) Challenges faced when scaling up Shiprocket; Approach to partnerships and competition (21:31) Empowering leaders and people management (23:17) Shiprocket's inorganic growth playbook (28:56) Fundraising journey and value add from investors (36:56) Shiprocket's expansion plans (38:28) How has being a founder influenced Vishesh over the years? (40:29) Rapid fire and closing remarks ---- If you liked our episode, you can subscribe to our podcast on any podcast platform of your choice (like Spotify & Apple iTunes). We would appreciate if you could leave us a review on Spotify or 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
Pickrr has built an asset-light logistics platform that aggregates logistics service providers and companies seeking logistics services. Gaurav is a serial entrepreneur whose first venture was in the B2B Saas space. He talks about the lessons from his decade-long journey as an entrepreneur and about selling Pickrr to the logistics unicorn Shiprocket for a cool $200 mn.Insights shared:- Building Asset Light business models The business case for aggregation platforms GTM and scale-up of an enterprise product How to think about acquisition offersFor bonus content related to the episode, head over to ThePodium.substack.com
In this episode, I (@Jivraj Singh Sachar) speak with Saahil Goel, Co-Founder & CEO of Shiprocket. Shiprocket is building India's largest E-Commerce Enabler, with the wedge of being the leading player in logistics and now expanding into other ancillary categories that simplify the lives of independent e-commerce merchants. Shiprocket is a special company and we decode much of their 10+ year journey to get here. I ask Saahil questions around the pivots, the behind the scenes in logistics, the culture and many more aspects that help us understand more around the business model of Shiprocket. This was a special conversation as Saahil brings a lot of clarity and structure to company building. Tune in for a great one, But before we get started, here is a quick word on our sponsor for the episode: 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 134th Episode on the Indian Silicon Valley Podcast - Building India's Largest E-Commerce Enabler! 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.
Today, we are running a bonus Business Breakdown borrowed from the newest Colossus series, Return on India. Saahil Goel, founder of Shiprocket, joins Romeen Sheth to break down the business. If you enjoy this episode and would like to learn more about the Indian business landscape, subscribe to Return on India. ----- My guest today is Saahil Goel, founder and CEO of Shiprocket. Over the last decade, a number of startups that have reached escape velocity in India have followed the X for Y startup model. They've taken influence from something that works in the US and western markets and applied it to India. The next generation of winners will build Native India use cases, and Shiprocket is a perfect example. The business started out as Shopify for India and eventually pivoted to an e-commerce logistics aggregator when they realized the underlying infrastructure that made Shopify successful in the west didn't exist in India. Fast forward, and Shiprocket is one of the fastest-growing and most well-positioned technology companies in India today. We unpack how to build for India, from India, how to capture value from India's long tail merchant segment, which is over 60 million businesses, and the common headline pitfalls investors fall into when evaluating startups in India. Please enjoy my conversation with Saahil Goel. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Return On India is a property of Colossus, LLC. For more episodes of Return On India, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @RomeenSheth | @joincolossus Show Notes [00:02:47] - [First question] - The first iteration of Shiprocket back in 2012 called KartRocket [00:08:26] - What drove the pivot from KartRocket to Shiprocket [00:12:13] - Examples of why US eCommerce models just don't take off in India [00:19:28] - The challenges of building businesses for consumers outside of India [00:25:54] - Courrier aggregation and capturing value in this type of business model [00:31:22] - Why the large pre-existing couriers aren't attacking this space successfully [00:34:35] - Unpacking what RTO is and its scale and challenges specifically in India [00:39:56] - How software and intelligence drives the ability to know the consumer in a way that larger infrastructure and couriers can't in India [00:43:31] - Similarities between the rise of Shiprocket and the prior evolution of the Chinese eCommerce and tech ecosystems [00:46:59] - The next pieces that need to be built for Shiprocket for them to continue growing and succeeding at the rate they are [00:53:07] - The tension of vertical integration without building out capital-intensive infrastructure [00:55:53] - Thoughts about the opportunity set for India going forward
My guest today is Saahil Goel, founder and CEO of Shiprocket. Over the last decade, a number of startups that have reached escape velocity in India have followed the X for Y startup model. They've taken influence from something that works in the US and western markets, and applied it to India. The next generation of winners will build Native India use cases, and Shiprocket is a perfect example. The business started out as Shopify for India and eventually pivoted to an e-commerce logistics aggregator when they realized the underlying infrastructure that made Shopify successful in the west didn't exist in India. Fast forward and Shiprocket is one of the fastest-growing and most well-positioned technology companies in India today. We discuss how to build for India from India, how to capture value from India's long-tail merchant segment, which is over 60 million businesses, and the common headline pitfalls investors fall into when evaluating startups in India. Please enjoy my conversation with Saahil Goel. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Return On India is a property of Colossus, LLC. For more episodes of Return On India, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @RomeenSheth | @joincolossus Show Notes [00:02:58] - [First question] - The first iteration of Shiprocket back in 2012 called KartRocket [00:08:37] - What drove the pivot from KartRocket to Shiprocket [00:12:24] - Examples of why US eCommerce models just don't take off in India [00:19:39] - The challenges of building businesses for consumers outside of India 1 [00:26:05] - Courrier aggregation and capturing value in this type of business model [00:31:33] - Why the large pre-existing couriers aren't attacking this space successfully [00:34:46] - Unpacking what RTO is and its scale and challenges specifically in India [00:40:07] - How software and intelligence drives the ability to know the consumer in a way that larger infrastructure and couriers can't in India [00:43:42] - Similarities between the rise of Shiprocket and the prior evolution of the Chinese eCommerce and tech ecosystems [00:47:10] - The next pieces that need to be built for Shiprocket for them to continue growing and succeeding at the rate they are [00:53:18] - The tension of vertical integration without building out capital-intensive infrastructure [00:56:03] - Thoughts about the opportunity set for India going forward Learn more about your ad choices. Visit megaphone.fm/adchoices
India ranked eighth on the annual climate change performance index, jumping two positions since last year, Carbon Copy reports. India is among the high-performing countries in the index, preceded by Denmark, Sweden, Chile, and Morocco, while the first three positions for “very high” performance remained empty, according to the report. And Meta Platforms is appointing Sandhya Devanathan – with 22 years in the industry with multinational experience from finance to gaming – as the Vice President of Meta India. Notes: India ranked eighth on the annual climate change performance index, jumping two positions since last year, Carbon Copy reports. India is among the high-performing countries in the index, preceded by Denmark, Sweden, Chile, and Morocco, while the first three positions for “very high” performance remained empty, according to the report. Released by Germanwatch, NewClimate Institute and Climate Action Network, the Climate Change Performance Index 2023 (CCPI), evaluated and compared the climate protection performance of 59 countries and of the European Union (EU), which together are responsible for more than 90 percent of global greenhouse gas emissions. The CCPI assessed countries' performance in four categories: GHG emissions, renewable energy, energy use, and climate policy. India earned a high rating in the GHG emissions and energy use categories and a medium one for climate policy and renewable energy. The index said that the country is on track to meet its 2030 emissions targets, compatible with a well-below-2°C scenario. However, the renewable energy pathway is not on track for the 2030 target. Meta Platforms is appointing Sandhya Devanathan as the Vice President of Meta India. Devanthan will focus on bringing the organisation's business and revenue priorities together and supporting the long-term growth of Meta's business in India, the company said in a post yesterday. Sandhya, who will move back to India, will transition to her new role on January 1, 2023, and will report to Dan Neary, Vice President, Meta APAC and will be a part of the APAC leadership team. The traditional PC market in India, including desktops, notebooks, and workstations declined by 11.7 percent year-over-year in Q3 2022 after eight consecutive quarters of growth despite strong shipments of 3.9 million units, according to new data from the International Data Corporation's Worldwide Quarterly Personal Computing Device Tracker. Amadeus, the largest technology provider for the travel industry, is expanding its operations with the opening of a new Engineering and R&D centre in Pune. The launch in Pune will be Amadeus' second R&D and engineering site after Amadeus Labs in Bengaluru, which is the second largest engineering site for Amadeus worldwide. Gallabox, a conversational commerce platform provider, which helps Small and Medium Businesses increase their sales through WhatsApp has raised $1.2 million in seed funding. The funding was led by Prime Venture Partners with participation from 100x Entrepreneur Fund, the company said in a press release. Founded in 2021 by Karthik Jagannathan, Yogesh Narayanan and Yathin Panchanathan, Gallabox has more than 500 paying customers including PVR, ShipRocket, Pickyourtrail, Credit Mantri, and Goireland. Its customers come from areas including D2C, Education, Health & Wellness, and Financial and Travel services in India and 20 other countries. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
In this Episode, I (@Jivraj Singh Sachar) speak with Gaurav Mangla, Co-Founder & CEO of Pickrr. Pickrr is one of the largest logistics software companies in the country, having recently been acquired by Shiprocket for a whooping 200 Million Dollars. The Pickrr journey has been filled with a lot of twists and turns. Starting off as a core logistics player owning the fleet, then surviving with very little cash and doing an emergency angel round to stay afloat, pivoting the model and then finally finding scalable PMF, growing at an incredible velocity and eventually being acquired completing the full circle. I chat with Gaurav, the CEO of Pickrr to decode this phenomenal journey. We discuss his previous stint at company building, along with decoding the nuances of building a logistics business, the culture at Pickrr, as he shares with us his learnings in the most candid way I have witnessed. This has been a brilliant conversation and I am sure all of you listening will take back some very tactical learnings for company building. But before we get started, here is 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 120th Episode on the Indian Silicon Valley Podcast - Building the Most Efficient Lending Business! 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.
The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising
In this episode, Pankaj Makkar (Managing Director, Bertelsmann India Investments), joins our host Digjay, to talk about his path leading up to Bertelsmann, evolution of Bertelsmann's India investment strategy and why now is a good time to accelerate investments in India, challenges faced in evaluating growth stage startups, mitigating the noise when investing in a ‘hot' sector, Pankaj's perspective on the exit landscape in India, mental models to identify stellar startups and more. Bertelsmann India Investments (BII), is a strategic investment arm of the global Bertelsmann Group which has invested more than $1bn in over 250 companies and funds. Established in 2012, BII is a sector agnostic early-to-growth stage fund that has invested in category-defining companies like Eruditus, Licious, Shiprocket, Pepperfry, AgroStar, Vymo among others. The firm also recently closed its new $500mm India fund. Prior to Bertelsmann, Pankaj worked with Mayasian conglomerate - The Usaha Tegas Group and invested in various sectors in India and South East Asia. Pankaj received his MBA from Harvard Business School and holds a B.Comm Hons. from Delhi University. You can connect with Pankaj here on Linkedin / Twitter. ---- Show notes – (01:50) Pankaj's background & path leading up to Bertelsmann India (03:48) Evolution of Bertelsmann's India investment strategy (08:25) India bull case - Why now is a good time to accelerate investments in India? (14:07) Challenges faced in evaluating growth stage startups; Assessing binary & non-binary risks (20:11) Mitigating the noise & taking a measured approach when investing in a ‘hot' sector (24:40) Processing signals from early stage investors (26:25) Portfolio construction strategy at Bertelsmann (30:15) Pankaj's perspective on exits in India's startup ecosystem (33:13) Mental models to identify stellar startups; Key outlier founders within Bertelsmann's portfolio - Eriditus, Licious, Pepperfry, Shiprocket, Agrostar (37:02) How has being a VC influenced Pankaj's personality over the years? (40:40) 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
This week in Indian Startup News, PRAVAIG announce their first EV, Ola launches Electric Car and S1 scooter, PhonePe building Grocery Delivery App, Cred's acquisition of Smallcase falls through. PRAVAIG announce their first EV: Pravaig Dynamics has officially announced their first production EV. Company has been developing this EV in stealth mode for sometime now however there is no fixed timeline on when this EV will hit the market. Ola launches Electric Car and S1 scooter: Ola has finally unveiled their Electric Car on the occasion of India's Independence day. This car will be available to buy in 2024 and according to CEO, Bhavish Aggarwal, they are building the capacity to produce 1 million of these cars every year. Ola has announced that they will be making three big production plants - one each for their scooters, four-wheelers and for making batteries. So these factories, according to Bhavish, will produce 1 Mn cars, 10 Mn two-wheelers and 100 GWh of cell capacity every year. Funding this week: This week at least 9 Indian startups raised more than $122 Million. Ecommerce Sector - Graas raised $40 Million Logistics startups - Shiprocket raised $33.5 Mn Creator-Economy startups - Phyllo raised $15 Million PhonePe building Grocery Delivery App: Fintech Platform PhonePe is working on a hyperlocal grocery delivery app, and it is building this app under the government's ONDC scheme. PhonePe's new grocery delivery app is currently in it's pilot stage, and they are doing it in Bengaluru currently. This app will be a separate app and not part of PhonePe's main app, as the company wants to differentiate it's payments and commerce offerings. Cred's acquisition of Smallcase falls through: Cred was in talks to acquire stock investment platform Smallcase for over 6 months now, and it seems now that this is not going to happen. Both parties couldn't agree to Smallcase's valuation. According to a report in ‘The Morning Context', Smallcase wanted a $500 Million valuation and Cred didn't agree to it and that's why these talks have fallen through.
On Shunya One this week, Shiladitya is joined by Saahil Goel, Co-Founder and CEO of Shiprocket. Shiprocket is India's first e-commerce shipping solution. In the episode, Saahil speaks about the company's incredible journey over ten years which had its ups and downs. According to him, one should not chase a large market just for its sake, but rather be a big fish in a small pond and everything will eventually follow. In addition, he discusses how D2C brands have grown during the pandemic. Tune into the episode to know more!Check out the Youtube video here: ( https://youtu.be/bGdUqSHRNZ8 )You can follow Saahil Goel on:LinkedIn: (https://in.linkedin.com/in/saahilgoel)Twitter: (https://twitter.com/saahilbigfoot)You can get in touch with our host: Shiladitya MukhopadhyayaLinkedIn: ( https://in.linkedin.com/in/shiladityamukhopadhyaya )Twitter: ( https://twitter.com/shiladitya )You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app. You can check out our website at https://shows.ivmpodcasts.com/featuredDo follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.Follow the show across platforms:Spotify, Google Podcasts, Apple Podcasts, JioSaavn, Gaana
Welcome to #78 episode of The Startup Operator Roundup. Today we have Roshan Cariappa and Gunjan Saha discussing - 1. Ashok Soota Third Startup at 79 Years2. B Capital, Auxano Capital and First Cheque raised funds3. upGrad and Shiprocket acquired other startups...and more!! Talk of the Town: https://twitter.com/jgebbia/status/1550158908898979840?s=20&t=jXGDmToaKtQYwKuwTbgH6Q Click here to get regular updates on WhatsApp:https://wa.me/message/ZUZQQGKCZTADL1 Hit the like button if enjoyed this roundup, and do not forget to share among your operator friends! Listen to our interviews and conversations with investors, operators, and founders on your favourite podcast platforms. #startups #unicorns #technology #roundup #podcast #news #IPO #Layoffs #funding
Ather Energy, an electric scooter maker in Bengaluru, has released the next iteration of its popular 450X high-performance scooter. The Ather 450X-Gen3 has a bigger battery and more RAM. It will set you back by about Rs. 1,50,000. Shiprocket is expanding via Rs 200 crore stock-and-cash acquisition. And IIT Kanpur engineers have innovated a memory-muscle-based actuator that could improve India's space robotics efforts. Notes: Ather Energy, an electric scooter maker in Bengaluru, has released the next iteration of its popular 450X high-performance scooter. The new scooter, called Ather 450X Generation 3, is equipped with a bigger, more powerful 3.7 kWh battery that is 25 percent larger than the previous generation, the company said in a press release. The larger battery gives an ARAI-certified range of 146km and 105km based on Ather's TrueRange measurements. The scooter also has an upgraded dashboard, and more memory, at 2GB RAM, for applications to run. Showroom prices vary based on the city, from Rs. 1,37,612 in Ahmedabad to Rs. 1,57,402 in Hyderabad. The scooter is priced at Rs 1,55,657 in Bengaluru. The 450X-Gen3 is now in showrooms. Engineers at the Indian Institute of Technology, Kanpur, have developed what they call a ‘bio-inspired artificial muscle' for next-generation space robots and medical prostheses. Encouraged by the industry demand and growth in the field of miniature, lightweight, non-magnetic gear-free actuators, shape memory alloy-based actuators have emerged with an excellent power-to-weight ratio as a suitable alternative to conventional actuators, the innovators, at the Smart Materials, Structures and Systems Lab, said in a press release. However, existing SMA actuators have limited scope in terms of higher force or torque output due to the relatively simple architecture of the actuation mechanism. To address this limitation, the engineers found a way to increase muscle force output per unit weight by about 70 percent. This will result in the creation of a new class of space robots which will help India's space technology efforts, they say. The team is led by Professor Bishakh Bhattacharya at the institute's department of mechanical engineering and includes Kanhaiya Lal Chaurasiya, senior project engineer, A Sri Harsha, and Yashaswi Sinha, project engineers. Their effort was backed by Portescap CSR funding, according to the press release. Shiprocket, which provides an online platform for SMEs and direct-to-consumer retailers to tap ecommerce channels, is acquiring Arvind Internet, better known for its brand Omuni, a similar business. The Rs. 200 crore transaction will be a combination of stock and cash. PharmEasy, an online pharmacy and medical services provider, is in talks to raise $200 million, but at a valuation that could be as much as 25 percent lower than last year's $5.1 billion, Reuters reports, citing two people with direct knowledge of the talks. The company, which offers online medicine deliveries and diagnostic test services, is in talks for raising money at a 15 percent lower valuation but has told its bankers to consider even a 25 percent reduction, if needed, to close the deal, according to Reuters. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds
This week in Indian Startup News, Unacademy opens first offline learning center in Kota to take on Allen and other players, Paytm Shows Strong Growth in Lending Business, Shiprocket acquires Pickrr, Mensa Brands buys Pebble, Sequoia Closes Largest India & SEA Fund At $2.85 Bn. In Founder Spotlight, we have the founders of Dukaan, Subhash Choudhary and Suumit Shah, who have announced plans to take Dukaan global. In Funding news we have, upGrad, WOW Skin, infra.market and 18 other Indian startups raise more than $1 Million. Unacademy Open first Offline Center: India's Edtech sector is seeing a major shift as billion-dollar startups are now taking on Offline coaching centers like Allen in offline space. After the impact of Covid going down and schools reopening, ed-tech startups have seen their growth slow down as we saw in the case of Byju's and Whitehat Jr and other startups like Unacademy, Vedantu and Lido Learning laying off hundreds of employees. This move by Unacademy has brought a big pushback from Allen as their founder Brajesh Maheshwari released a video warning it's teachers not to leave it. In response, Unacademy has asked for police protection for it's teachers. Founder Spotlight - Subhash Choudhary and Suumit Shah: Subhash and Suumit started Dukaan in 2020 to help Indian small businesses go online. After having a great run in local market, they have now decided to go global and take on Shopify. They have identified the issues that brands face with Shopify and they want to solve them. The major issue that they feel brands are facing with Shopify, is speed and performance and this is causing merchants to lose out on sales if customers have to wait even a few additional seconds for sites to load. Now this move by Dukaan would further solidify Indian SaaS companies reputation worldwide and would inspire more entrepreneurs to make products for the world. Funding this week: This week saw at least 21 Indian startups raising more than $637.6 Million. Edtech startups - upGrad raised $225 Million D2C startups - Skincare Brand WOW Skin raised $48 Million Social-tech startups - Mohalla Tech - parent company of Sharechat raised $77 Mn Construction sector - infra.market raised $50 Million Paytm Shows Strong Growth in Lending Business: After a period of sad state of affairs for Paytm ever since it's IPO in November last year, there is finally some good news for Paytm in it's lending business. For the two month period ending May 2022, Paytm has seen growth of over 471% YOY (year on year) as compared to the same period last year. Along with this rise in lending business, total number of users transacting on Paytm have also increased by almost 50%, to 74 Million compared to 50 Million during same time period last year. Shiprocket acquires Pickrr, Mensa Brands buys Pebble: Logistics startup Shiprocket has acquired it's rival Pickrr in a $200 Million deal. Started in 2017, Shiprocket has been one of the market leaders in logistics space and now they are looking at an inorganic channel of growth as they are on a massive acquisition spree. Since the start of this year, they have acquired majority stakes in Glaucus Logistics, market automation startup Wigzo, B2B logistics platform Rocketbox and SaaS-based Logibricks and Pickrr is their 5th acquisition this year. Mensa Brand acquiring Noida-based wearable brand Pebble is next and this acquisition will allow Mensa Brand foray into India's smart wearable segment. Pebble was started in 2013, by father and daughter duo – Ajay Agarwal and Komal Agarwal and it offered audio products, fitness wearables, chargers and cables. Now Pebble was a very significant player in the smart wearable segment, with more than 10 Million customers in 9 countries.
In this Episode, I speak with Vishesh Khurana, Co-founder of Shiprocket.
Less than a year after investing $100 million in Blinkit for a 9.3% stake, Zomato is reportedly in talks to merge with the online grocery company in an all-stock deal. Blinkit shareholders will get a 10% stake in Zomato A Business Standard report said that Blinkit would be valued at around $750-800 million dollars, which is much lower than the unicorn status it had achieved last August with the funding round where Zomato participated. Blinkit is going through a severe cash crunch, bringing the unsustainability of the quick commerce model into focus even as competition is increasing in this space. This has prompted Zomato to extend a $150 million loan to Blinkit to support its capital requirements in the near term. The loan amount is in line with Zomato's stated intent of investing up to $400 million in quick commerce in India over the next two years. Formerly called Grofers, the start-up rebranded into Blinkit in December as it pivoted to 10- minute grocery delivery, entering the quick commerce segment. So, what is behind Zomato's plan to acquire Blinkit? Zomato has become a strategic investor in the hyper-local e-commerce segment and has picked up stakes in smaller start-ups. While Zomato says its core food-related businesses that include food delivery, dining-out and B2 supplies unit Hyperpure will remain its key focus, it wants to invest in building the ecosystem around the food delivery business so that the cost of running a better food delivery business goes down with time. In the past year, it has made cash investments worth $225 million in Blinkit, Shiprocket and Magicpin towards its objective of building out quick e-commerce in India. However, Zomato is still a loss-making company. While its Average Order Value has increased over the last three years to Rs 400, in Zomato's own words, the food delivery business is only showing early signs of maturity. Its contribution margin as a percentage of the Gross Order Value is 1.1%, although this is an improvement from negative 15% in 2019. Zomato estimated that a 5% contribution margin in its food delivery business at the current scale can ensure break-even at the EBITDA level. Moreover, Zomato will continue to fund the growth in its core food businesses till they become profitable. Zomato has previously said it stands ready to infuse additional capital into the hyperlocal e- commerce companies in which it has taken minority interest, and consolidate its stake, leading to a potential merger in the future. However, the quick timeframe between Zomato's first investment in Blinkit and the potential merger has raised eyebrows. This could also mark the beginning of the consolidation in India's ultrafast grocery delivery space. Watch video
‘Your package is arriving soon', isn't this the most exciting line you read after ordering something. But have you thought about what goes behind post-checkout? After a customer has placed an order on any e-commerce site and made their payment, Shiprocket takes over. Today, we have Vishesh Khurana, Co-Founder (Growth), Shiprocket to discuss this platform in detail. Shiprocket is an advanced technology platform that lets e-commerce stores ship products to customers with ease. Shiprocket is a complete post-checkout experience. It is used by e-commerce stores worldwide to ship products to their customers with ease. It offers tools and technologies required for everything post-checkout of an order. Starting with warehousing, packaging, selection of a courier partner, shipping tracking management and end-consumer communication, and ending with return management. --- Support this podcast: https://anchor.fm/tbcy/support
Many founders try to build for large markets. But Saahil Goel, Founder, Shiprocket thinks differently. In his opinion, it's okay to build small or lesser things and target a core segment of users, instead of jumping into a competition with large players, where you might not stand a chance. In other words - Picking your battles wisely. During this episode, Saahil talks about finding the right investors, current focus of the company, and much more.Notes - 01:56 - Finding his Co-founder & brainstorming around data-driven logistics09:04 - Problem with starting in a large competitive market12:02 - Focus metrics during the initial journey14:12 - Current scale of Shiprocket22:04 - Warehouse as a Service26:24 - Y-o-Y growth of platform27:49 - Approach to fixing broken things & building new32:14 - Raising initial rounds of funding45:01 - “Unless and until you have clarity about something, it won't work.”48:19 - Ensuring focus within the team
“With logistics getting simpler and D2C brands getting smarter…one of the big trends is that you're going to see a lot of Indian brands on global shelves!”. In this episode, join Arjun as he talks to Akshay Ghulati, the co-founder and COO of Shiprocket – India's largest e-commerce logistics aggregator. Hear about Akshay's journey from Wharton & HBS to Smile Group and then from there to Amazon and Shiprocket. Learn about Akshay's experience as a product manager at Amazon and what he brought back from this experience to logistics in India. Dig deeper into the Shiprocket journey and learn about the rollercoaster from starting up to driving the order fulfilment of 100,000+ small sellers and battling COVID disruptions along the way.
Vishesh is the co-founder of Shiprocket. Prior to this he co-founded Kartrocket and Kraftly and later pivoted to Shiprocket. In this episode he spoke about going through the pivot, what it take to fulfil an order post purchase and how he is preparing for the next leap in his conversation with Roshan Cariappa. Topics: 00:00 Introduction 01:48 Deciding on the target market 04:18 Pivoting from Kartrocket to Shiprocket 10:19 The nuances of fulfilling an order post purchase 14:07 Streamlining processes through technology 17:53 Building a partner ecosystem 20:06 Aligning consumer, carrier, and merchant interests 23:49 Impact of the pandemic on Shiprocket 28:12 What's next for ShipRocket 29:56 Zomato's investment in Shiprocket 32:08 Advice to new entrepreneurs 34:07 How is Vishesh preparing for the next leap 35:57 Books and Podcasts Recommendations ------------------------------------- Click here to get regular WhatsApp updates: https://wa.me/message/ZUZQQGKCZTADL1 ------------------------------------- Connect with Vishesh : Linkedin: https://www.linkedin.com/in/visheshkhurana/ Twitter: https://twitter.com/Vysheshk ------------------------------------- Connect with Us: Linkedin: https://www.linkedin.com/company/startup-operator Twitter: https://twitter.com/OperatorStartup ------------------------------------- If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode! --- Send in a voice message: https://anchor.fm/startup-operator/message
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
Product Managers do not have a lot of authority, and yet they have a managerial dimension to their role. How to balance the two? Let's hear from Praful on this key question. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio brings you actionable bite-sized insights from the best professionals in the industry. The podcast is available on your fav podcasting app. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
Inspired by Chinese internet behemoths Alibaba and Tencent, recently listed food-tech startup Zomato has chalked out an ambitious plan to invest $1 billion over the next two years in other startups. There are reports that the company may invest $500 dollar in Grofers, as it sees opportunity in quick commerce Zomato is well-positioned from a capital perspective too after raising $1.2 billion in its IPO in July this year. This, it hopes, will help the company emerge as a major force in the hyperlocal e-commerce ecosystem. Over the past six months, Zomato has committed $275 million across four startups. In August, it invested $100 million in online grocery store Grofers. A month later, it shut down its own pilot grocery delivery service. The company cited gaps in order fulfilment, leading to poor customer experience. Zomato believes that its investment in Grofers will deliver better outcomes to its shareholders than its in-house efforts. It is also investing $75 million in logistics firm Shiprocket, $50 million in savings and neighbourhood discovery app Magicpin. Zomato is also divesting its recently-acquired sports platform Fitso to Curefit Healthcare for $50 million and also investing an additional $50 million in the fitness and well-being startup. In the process, Grofers and Curefit have turned unicorns with Zomato's funding. Each one of these deals is being seen as strategic by Zomato. It has made its intentions clear, Zomato is not looking to be a financial investor who sits on the sidelines. The company is ready to infuse additional capital into these businesses as they scale and consolidate its stake, leading to a potential merger in the future. In the worst case scenario of an acquisition not panning out, Zomato is still expecting windfall gains from its investments. Laying out its strategy, Zomato said it is only investing in companies that have the ability to become market leaders in their category. This way, it is looking to add multiple large core businesses to its mainstay of food delivery. Zomato has hinted that a large chunk of its future investments will go into quick commerce, which refers to delivery of products in under 30 minutes. The competition is hotting up in this space, with Grofers, Swiggy, Dunzo and Zepto vying for market share. Such diversification does not mean that Zomato is ignoring its core business of domestic food delivery. It had 15.5 million monthly transacting users at the end of September. And it feels that there is an opportunity to grow the food delivery market by at least 10 times in the next few years. To sharpen its focus in this area, it has also shut down its nutraceutical business that sold health and fitness products, ended its grocery delivery program and pulled out of all international markets. After a hiatus of two years, Zomato is launching food delivery in new cities again and is heavily investing in smaller and emerging cities to enable market creation. Since Zomato's focus is purely on the long term, we must wait for a few years to see how its strategy of diversification through investments will play out. For now, Zomato is adamant that it will not let its IPO morph it into a QSQT business, that is, ‘Quarter Se Quarter Tak' or from quarter to quarter. Watch Video
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
What are the attributes of great product leaders? Can these attributes be defined? And most importantly, how should one go about developing them as a novice or even an experienced Product Manager? Let's hear from Praful on this. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio brings you actionable bite-sized insights from the best professionals in the industry. The podcast is available on your fav podcasting app. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
Praful has some interesting views on the subject of PRDs or Product Requirement Documents and writing them. Let's hear from him. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio brings you actionable bite-sized insights from the best professionals in the industry. The podcast is available on your fav podcasting app. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
MVPs can be hit and miss - but key mistakes can be avoided while building them. Here's what Praful has to say on the subject. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio brings you actionable bite-sized insights from the best professionals in the industry. The podcast is available on your fav podcasting app. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
Empathy is vital in Product Management but it may sometimes be lost in conversations focused purely on technicalities - be it tech or business. Here's Praful on empathy and it's importance amongst Product Engineers. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio brings you actionable bite-sized insights from the best professionals in the industry. The podcast is available on your fav podcasting app. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
Prioritization is a core aspect of Product Management, and it is an art as well as a science. Praful offers his view and recommendations when it comes to a 'playbook' on prioritization. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio brings you actionable bite-sized insights from the best professionals in the industry. The podcast is available on your fav podcasting app. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
#FWDRadio: Audiobooks | Summary of the best books in less than 5 minutes. Daily
Is there an ideal way to plan a product roadmap? Praful has his say on the matter. Praful Poddar is the VP of Product at Shiprocket, and was previously Director of Global Products @ OLX. He has also worked with Snapdeal & Makemytrip in the past. FWD Radio is an initiative by FWD Learning App. FWD is the fastest way to learn and develop in-demand skills - including Product Management - and move forward in career and life. Available for both Android & iOS. Get it here: https://getfwd.app
In this episode, Matt and Moshe are joined by Sr. Product Manager Abhinav Singh from Shiprocket to discuss the product management tool Aha! and his use of it's product idea collection and roadmapping capabilities.*You can connect with Abhinav at LinkedIn or Twitter.- Product_Singh- www.linkedin.com/in/abhinavsinghgangal/*Aha! is a product management tool that is specifically used for collecting ideas from users and stakeholders, and creating product roadmaps. To learn more about Aha! Visit https://www.aha.io/*Note: any views mentioned in the podcast about Aha! are the sole views of our hosts and guests, and do not represent Aha! in any way.
This week in Indian Startup News, SoftBank cuts ties with Oyo in Latin America, MapmyIndia partners with ISRO to take on Google Maps, Tesla to set up an EV manufacturing unit in Karnataka, Glance could buy TikTok India, ReNew Power looks to IPO through SPAC and Byju's & Unacademy's acquisition spree. In funding news, KreditBee raises $75 million, Shiprocket raises $27 million and Zolve raises $15 million. SoftBank cuts ties with Oyo in Latin America: Last year in September, SoftBank had partnered with Oyo in Latin America to manage 1,000 hotels. It had also invested $75 million (Rs 545 crore) in Oyo Latam -Oyo's Latin American unit. In less than six months, SoftBank has decided to end its joint venture in Latin America and it would no longer invest in Oyo in the region. As a result, Oyo will end up laying off most of its staff in the region. MapmyIndia partners with ISRO to take on Google Maps: MapmyIndia, a company that offers digital mapping solutions, has partnered with the Indian Space Research Organization (ISRO) to build a fully indigenous mapping portal and geospatial services for India. Tesla to set up an EV manufacturing unit in Karnataka: Karnataka's Chief Minister BS Yediyurappa has said that Tesla will set up an electric car manufacturing in India. Glance could buy TikTok India: Bloomberg report claims that ByteDance is in talks with Glance (the company that owns short video app Roposo). The deal could get complicated due to India and China's relationship. If talks progress, the Indian government might ask the company to keep user data and technology of TikTok within the country. ReNew Power looks to IPO through SPAC: One of India's largest renewable energy company ReNew Power is looking to go public in the US. They are in talks with RMG Acquisition for a merger which will allow them to go public at a valuation of $4 billion (Rs 29,000 crore). Byju's & Unacademy's acquisition spree: Edtech unicorn Unacademy has acquired a majority stake in TapChief, which is an online platform that enables professional to interact with experts and work with businesses. This is Unacademy's seventh acquisition in 12 months. Even Byju's has acquired four startups and could also end up buying edtech platform Toppr in a $150 million deal. KreditBee raises $75 million: KreditBee has raised $75 million from PremjiInvest, Mirae Asset Venture, Alpine Capital and Arkam Ventures in their series C round. Shiprocket raises $27 million: Ecommerce logistics aggregator Shiprocket has raised $27 million from Tribe Capital, March Capital, DST Global's Rahul Mehta and Bertelsmann India Investments. Zolve raises $15 million: Neobanking startup Zolve has raised $15 million from Accel, Lightspeed Venture Partners, Blume Ventures, Founders Collective, Kunal Shah (CRED), Ashish Gupta (Former MD of Helion Venture Partners), Gregg Kidd (Co-founder of GlobaliD), Rahul Mehta (MD of DST Global) and Rahul Kishore (Senior MD of Coatue Capital). Follow Backstage with Millionaires to remain updated with our latest developments.