Too much money too soon, where have we seen that?
While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this
Profits aren't coming, money is flowing Don't know what the VCs are seeking? Why bake a a pie that you can't eat later?
Talking product sense with Ridhi
9 min AI interview5 questions
Won't the founders be diluted like crazy by now, they have to be easily below 50% by now. In their initial fund raise also I remember they gave away quite a bit of equity.
They'll have to pivot soon. When Meesho started as a reselling business they were valued at $5b. Then they shutdown their offices in Indonesia and pivotted to full-scale ecommerce in India Now, they're doing ok but the initial idea of Meesho being a reselling company is gone. But still the company is doing well and making money.
Zepto is now in the same bucket. Their only pull right now is quick commerce. They'll have to pivot soon with all the cash they have. If they do they'll survive.
Or maybe expand to different sectors.
Amazon did, has payment gateway, video services etc. Too many random stuff but something that cuts through the losses
One thing I would like to see is Zepto expanding to tier 2 & 3 cities. I know it's not feasible for a business but I would like to see them try with all this new cashflow. Swiggy and Zomato did that and they are doing just fine.
Okay wait I just processed this. $400Mn a week after raising $665Mn. Valuation jump from $3.6Bn to $4.6Bn. That's a lot of things altogether.
Hmm. Not sure what to make of this. Blinkit is valued at $12-13Bn. So...
Blinkit has been in the industry for 10+ years now, their valuation has consistently grown, they are doing even better after acquistion by Zomato.
But this is something else.
Could be PR too. Forcing the VC on signing the term sheets because now news is out
@BiryaniEnthu It's not about how many years they've been around Valuation would be based on revenue scale, growth, economics - amongst other things Zepto's scale isn't 1/3rd that of BlinkIt (it's closer), their economics should structurally not be that screwed, and I imagine their growth is better
So if I compare to Blinkit's valuation, maybe Zepto can justify
Still these dudes are like making the platform crazy in the recent months. last night I was ordering something, they were charging 18 rs platform charge, 30rs rain charge and free delivery as I have zepto pass 🤣🤣 . Chup chaap dukaan jaake samaan leke aaya.
Depends the time u went for market wasted 10-20min. My value of time is much more so preferpaying zepto.
Our boy thinks spending 30+18+40(delivery) = Rs 88 spending is better than going out to buy a RIN KA SABUN from a nearby grocery store which will practically cost less than rs 100.
It might just work for a country like India with the gap widening between the rich and the poor..the rich who have the money to pay more for the convenience of buying grocery sitting at home, and we have the poor who will work for peanuts and serve this need. Net net, it can still become a profitable business maybe...i think many dark stores are already operationally profitable..
The business numbers looks good atleast what is being shown. Source: X.com
Also good read: https://thearcweb.com/article/aadit-palicha-interview-zepto-funding-ceo-MYFcnwjefLSNkMwP
P.S: Checkout tomato prices on Zepto and compare the same with Amazon fresh or outside offline market. Once habit is built it's rare that someone will actually care about high markup prices or would even know about the same.
