Tweet

JPK

13 Jan, 10 tweets, 3 min read

@RavBhatia

Online grocery market in India is competitive. There's Amazon, Flipkart, JioMart and several others in this space. But BigBasket, reportedly valued north of $2 bn, has held its own. A thread. @RavBhatia

@RedSeer

⚡️Grocery is expected to be a $790 billion market by 2024. Of this, online grocery is expected to be around $18.2 billion. (Source: @RedSeer)

@RedSeer

⚡️ The market, currently around $603 billion in size, is dominated by traditional retail (95.7%). (Source: @RedSeer)

@RedSeer

⚡️Only 0.3 % of the market is served by online retail and 4% is served by modern retail. The remaining is still catered to by traditional stores. (Source: @RedSeer)

What do these numbers tell us?

The headroom for growth is massive! At the risk of sounding cliched, I’ll say this: even if you end up with a modest 1% of the market, you’d have a business that sells goods worth over $7.9 billion a year.

@bigbasketblog

Since I started tracking the sector in 2012, dozens of startups have come and gone. But one company has been constantly on my radar: @bigbasketblog.

The company, which mostly focused on heads down execution, was valued at $1.2 billion in their previous round of funding (2019). As per reports, their valuation is likely trending upwards of $2 billion now.

BigBasket is not our typical startup with young founders, snazzy tech, and headline-grabbing public relations machinery. Its founders are older, it works in a business with razor-thin margins, yet is inching closer to profitability.

BigBasket has held its own even when hyper funded startups unleashed deep discounting blitzkrieg.

How does the company win? What makes it tick?

@TNHari

In the latest episode of The Use Case Podcast, we talk about how BigBasket wins, with @TNHari and M S Subramanian, the authors of Saying No to Jugaad: The Making of Big Basket. The book was shortlisted for the @GajaCapital book prize. Listen here 👉🏾 turnaround.substack.com/p/the-bigbaske…

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @therealjpk

JPK

@therealjpk

8 Jun 20

@getpostman

🔥🔥If the story about @getpostman talking to investors to raise at $2 billion valuation is true, it is really a marker of an orbit shift for Indian SaaS. Thread 👇🏽

What's truly remarkable is that Postman is doing this with some 250 employees. Even if you come from the funding is not a mile marker school of thought, it has 10 mn devs and 500K+ cos using their product. This easily rivals top Silicon Valley Companies.

The company started as a side project by three founders in their twenties looking to scratch an itch in Bengaluru.

Read 9 tweets

JPK

@therealjpk

22 Jul 19

Funny incident. We post an ad to sell our son's old pram on OLX. We get a call from a prospective buyer in just a few hours.

He wants to buy the pram. I offered to show it to him before taking money. He didn't want to see it. He also didn't want to bargain on the price. I thought we were slightly on the higher side.

He offers to pay using Paytm and pick up the Pram the next day. Most people usually don't do this. My spidey sense is going crazy now.

Read 7 tweets

JPK

@therealjpk

21 May 19

A practical guide to fixing your social media addiction. Here's a thread from what I've learned.

First, I tried to figure out what makes social media so addictive. Don't skip this bit, because you can't beat it if you don't know it.

@nireyal

@nireyal, the author of the book ‘Hooked: How to build habit-forming products,’ tells you how some products become a habit for users and some don't. There's a science to it. Product designers use these techniques to get us to use their products more and more.

Read 23 tweets

JPK

@therealjpk

21 Mar 18

So Cambridge Analytica in India. Let’s see what we have here. Long thread coming up.

Cambridge Analytica is owned by SCL Group (earlier known as Strategic Communication Laboratories) is British behavioral research and strategic communication company.