1. Presence of competitors doesn't mean a successful startup can't be built in the space.
2. Extending the above point - in a big industry, there can be many winners.
2/ How's the business performing?
- 15 million+ registered users across 6 cities
- 3x revenue every year
BUT:
- Spent ~3 rupees to earn 1 rupee of operating revenue in FY20 ⇒ Expenses = INR 179 crore, Revenue = INR 63 crore
Another Unicorn that is burning cash to find growth!
3/ Why are VCs so interested in it?
Software play (NoBrokerHood):
- Software for gated societies (already at 10,000)
- Lays different business models on top of it — home loans, packers & movers, legal, etc.
- 3rd party brands can sell to residents through this platform
(contd.)
Other reasons:
- Investment in Indian proptech sector grew marginally from $549 million to $551 million (2020)
- Property considered an important asset to invest in — not for a quick buck but in the long-term
- Generally positive funding climate :)
4/ What happens in the "long run"?
Real estate is brutal & crowded space — NoBroker has to battle with >10 big competitors. But barriers to entry are high, so it'll come to how well they execute.
Betting big on diversifying with NoBrokerHood software platform.
That's it for the thread!
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Time to become a Unicorn startup:
- PayTM & Flipkart: 5 years
- Ola: 4 years
- Udaan: 2 years
⇒ Mensa Brands: 6 MONTHS!
Best part ⇒ It is NOT an "original" idea — just great timing & execution!
Why are VCs going gaga about Mensa Brands? Let's uncover 🧵
Outline: 1. What are Thrasio-style startups? 2. Is the space heating up in India? 3. What's Mensa really about? 4. How did they raise such a big round? 5. Where does the money go? 6. Future for this space
PayTM's IPO is the biggest ever in India — INR 18,300 Cr!
A huge moment for the Indian startup ecosystem!
But, do you really understand all that's being said?
- What these numbers mean?
- Where the money goes?
- What PayTM's future looks like?
Let's uncover the PayTM IPO 🧵
Structure of the analysis: 1) Understanding the IPO 2) Is PayTM that big? Is it profitable? 3) Is this exciting? What's the future? 4) OK, I'm happy - but, is it worth it?