All told, Aye has lent about Rs 1,000 crore ($137.1 million) since its inception four years ago, serving roughly 80,000 customers. All small-ticket loans, sure, but Sharma claims that 70% of Aye’s 103 branches have broken even and, on an overall basis, Aye has been profitable since the start of this year. Aye also plans … Read moreAnalyzing the Google’s fintech thesis
This information is dated by a couple of months. It is important, though. In August this year, Quikr, the digital classifieds company said that its real estate vertical had performed exceedingly well. So much so that the business has become profitable. Quikr’s revenue for the year March 2018 is expected to be around Rs 170 … Read moreDon’t be Quikr
$40 million. There was a time not that long ago when $40 million (roughly Rs 300 crore) would have been considered a big amount in the Indian startup ecosystem. There was a time when there were entire VC funds that were smaller than this figure and 99% of Indian startups would have seen it as … Read moreMeasuring Mettl’s mettle: The anatomy of a startup exit
At the time of these acquisitions, Foodpanda India claimed that both TastyKhana and JustEat would continue to run independently. By 2016, however, both brands were on their way to extinction. And as food delivery startups like Eatlo and Dazos shut shop, Foodpanda’s major backer’s Rocket was looking for the exit doors. That exit would finally … Read moreHaving an insight into the Food Panda Story
A grand launch in September, two solid investors in Chinese e-commerce major Alibaba and Japanese conglomerate Softbank, and the platform advantage of a company like India’s leading mobile wallet Paytm*. What are the claims? And claims like this. “Higher returns: Get up to 1% higher returns with Direct Plans of Mutual Fund Schemes.” “Zero Commissions: … Read moreIndia’s digital mutual funds bet: Will Paytm Money win this?
The quantity of traffic is what comes for deals and discounts or “I just require one thing instantly” and all of those things. And they may go wherever they can find a little bit of a deal but use Dunzo because it delivers quickly. They’re not gonna pay top dollar for it. What defines our … Read moreKnowing the insights of the supply game
Poor BigBasket. India’s largest online grocer thought it had conclusively won the country’s bruising “grocery wars”. Out of the dozens of online grocers that popped up between 2013 and 2015, it was one of the handfuls that survived.I Discipline is must though It did this by staying focused and disciplined. By keeping costs low. By … Read moreWhy BigBasket’s betting on subscriptions to deliver
Ease of entry and exit of visitors isn’t myGate’s singular feature though. It also curates a list of service providers, categorizing them—such as your domestic help, car cleaner, cook and nanny. Residents are allowed to rate their services. The rating enables other people living in the community to decide whether they want to hire the … Read moreA leg in the door
For about a decade now, the big three medtech companies—Wipro GE Healthcare, Philips Healthcare and Siemens Healthineers—have desperately tried their luck in rural India. And had little success. They’ve made repeated attempts to sell everything from ECGs to X-rays and infant warmers to the rural population. Radiology Conference So, when S Ganeshprasad, the then-director at … Read moreGE startup GenWorks’ rural India healthcare push
Just as the literal Trojan Pig needs to be pliant to allow engastration—the stuffing of animals within—SoftBank requires its Trojan Pigs to be equally pliant in terms of giving it non-standard rights. For instance, in some cases, SoftBank asks for “multiple liquidation preferences” where it can make money even if the value of the company … Read moreWhat is the Pliant disposition?