Ease my trip becomes a unicorn πŸ¦„

But the best part, they are completely boostrapped.

Here is how they did it πŸ‘‡
Ease my trip started 14 years ago by Pitti brothers - @nishantpitti, @rikantpitti & @ppitti

While strong players with deep pockets like goibibo and clear trip always existed,

Ease my trip played a very simple game.
The likes of goibibo, make my trip, clear trip etc would always promote aggressive discounts,

but as you apply discounts and went ahead to pay,
they would add a heafty convince charge which always leaves a customer in disappointment.

Well, Ease my trip being a bootstrapped business,
never promoted crazy discounts instead played one narrative very clearly,

No convince charges!
In the last 6 years, I have booked over 80% of my flights via ease my trip,

reason?

Super clear value proposition and no surprises πŸ˜…
Just that and a lean model has fuled ease my trip's business today.

they went IPO recently which over subscribed by 150x in the middle of a pandemic,
and their market cap touched a billion dollars recently,

making them a boostatpped unicorn πŸ¦„

Right now they are focussing on growing beyond of India
This is a crazy story of grit, clarity and insane level of dedication by the team.

Yet, very few people know about the story..
Mainstream media needs to focus more on bootstrapped business rather than just funding news πŸ˜…

Anyways,

Have you booked flights on Ease my trip yet?
If you like small threads like this,

Make sure you click on my profile, follow me and turn the notification on πŸ‘

Ps : Retweet for good karma πŸ™

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More from @VaibhavSisinty

20 Sep
ShareChat just launched ShareChat for Business

It can change the game of digital marketing in the coming years.

Here is why πŸ‘‡
ShareChat has 180 Mn+ monthly active users, the majority of whom are from tier-2 & tier-3 cities

Semi-Urban and rural India is going to have 644 million internet users by 2025 🀯

But wait, how does it matter?
Semi-Urban India doesn't have the spending capacity, right?

WRONG!
Read 10 tweets
3 Aug
PM Modi launched a new payment solution,

It works without internet, any app or even a bank account 🀯

It's called e-RUPI, here is everything about it πŸ‘‡
The digital payments space in India is spinning,

First, the ban on Mastercard from issuing new cards in India

Now, e-RUPI will work similar to Sodexo coupons.
It’s not an end to Paytm Karo or Gpay but looks like an attempt to serve the digitally β€œunbanked” section of the society with:

No credit cards or debit cards,

No internet banking,

No payment apps,

So, what’s e-RuPI?
Read 9 tweets
25 Jul
Byjus acquired Toppr and Great Learning yesterday,

I am blown away by their series of acquisitions.

Here is a short thread on the saga 🧡
6 acquisitions in 2021 alone.

First, they acquired Epic for $500 MN a few days back,

I thought the acquisition storm has passed for now but I was wrong.
Within a week, they now acquired both Toppr and Great Learning πŸ˜…

The amount is undisclosed at the moment but the last time I read,

The total deal size was supposed to be around $500 million.

That would mean, $1B in less than a week.
Read 8 tweets
23 Jul
Zomato went IPO today.

The first Indian "startup" to do so,

Here is why I think Zomato can win long term :
1. DATA

The data they have on you as a consumer and also the sellers data of what selling the best and why is worth billions.
They could easily start super cloud kitchens catering to hyperlocal needs pocketing most of the profits.

btw remember, Amazon originals?

The unfair advantage here?

Zomato has more data than Swiggy due to the review and discovery business.
Read 7 tweets
22 Jul
MasterCard has been banned in India 🀯

But it's possibly a good thing for us,

Here is why πŸ‘‡
Due to a possible data violation, RBI banned MC from issuing new cards.

What does it mean?

Massive adoption of Rupay ( owned by RBI ) and VISA
Btw, MasterCard currently holds 33% market share,

Banks like RBL, Yes bank only issue Mastercard,

Around 40% of Hdfc, Axis issued cards are Mastercards 🀯

The best part?
Read 6 tweets
22 Apr
Were you TESTED +ve for COVID?

You can help FIGHT the VIRUS!

Here's How - [πŸ”₯A Mini Thread]
By donating your PLASMA!

BE A COVID SUPER HERO!
Apart from hospital beds, ventilators and vaccines we are facing a huge surge in demand for PLASMA.
Read 8 tweets

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