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Jan 25 • 8 tweets • 2 min read
🚨"Rapido has been a topic of much discussion in recent months, with some state governments even taking steps to ban them."

"Rapido has seen a significant 92% increase in its revenue"🚀

Let's Understand Rapido's Business Model in this 🧵

#startupindia #startuplife #startups
1) What is the primary business or services offered by the Rapido company?

"Rapido is a company that helps you get a ride on a two-wheeled or three-wheeled vehicle quickly.

They also help other companies like Swiggy get their things delivered."
2) Who founded Rapido?

"The company was started in 2015 by three friends, two of them from IIT and one from PESU. Their names are Aravind Sanka, Pavan Guntupalli, and SR Rishikesh."
3) What are company's financials?

a) Revenue Growth: 91.5%
FY22 Revenue: 145 Cr; FY21 Revenue: 76 Cr

b) Profit Decline: 164%
FY22 Profits: -439 Cr; FY21 Profits: -166 Cr

Source:@entrackr
4) What is the primary source of revenue for the company?

a) The company earns revenue by serving as a middleman between the 'Captains' & customers on a commission basis.

b) Rapido Store is a service designed to help both offline & online businesses with their delivery needs.
5) What are the primary expenses that the company incurs?

a) Incentives and related charges were the biggest expense, accounting for 35.8% of total costs.

b) Marketing expenses accounted for 29.6% of total costs.

c) Spends on employee benefits

d) Infra & software charges
6) What is the customer base of Rapido?

"Rapido serves 30 million customers and handles a daily average of 1 million rides across over 100 cities."
7) Who are the various investors?

"Since its establishment, Rapido has secured over $300 million in funding. Its investors include WestBridge, TVS Motor, Shell Ventures, and Nexus Ventures."

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More from @Abhishe27960014

Abhishek Profile picture
Jan 27
🚨"Hindenburg Research has a track record of uncovering companies" 🧵

1) Nikola Motors:

In Sep 2020, The stock tumbled from $34 to $2.5, representing a nearly 95% decline after Hindenburg exposed a multitude of alleged falsehoods and deceptions by Nikola.

#Hindenburg
2) WINS Finace: In June 2020, exposed that certain crucial information was not disclosed to investors by the company.

Impact: Approximately 4 months later, in Oct 2020, NASDAQ removed WINS from the stock exchange as a result of the undisclosed asset freeze.
3) Genius Brands: June 2020

Impact: The stock price has dropped significantly from $6.86 to $0.68, a decline of 90%.
Read 7 tweets
Abhishek Profile picture
Jan 27
🚨"BharatPe in the Spotlight, but not for Ashneer Grover this time"

"BharatPe's losses soaring to new heights at 200% increase in FY22"

Let's Understand BharatPe's Business Model in this🧵

#bharatpe #ashneergrover #startups Image
1) What is the primary business or services offered by the BharatPe company?

BharatPe is a B2B startup that makes payment acceptance simple by offering merchants a single QR to accept all payment apps such as PayTm, PhonePe, Google Pay, BHIM and 150+ other UPI apps.
2) Who founded BharatPe?

Bhavik Koladiya, Shashvat Nakrani, & Ashneer Grover.
Read 11 tweets
Abhishek Profile picture
Jan 26
🚨 "SEBI Report: Mind-boggling Statistics Show 90% of Active Traders Incur Losses in FY22"

Here are some key takeaways from the report in this 🧵

1) Only 3.9 lakh traders, or 10% of the total 39.7 lakh active traders, were profitable in FY22

#SEBI #trading #StockMarketindia
2) The total profit earned by these 3.9 lakh profitable traders in FY22 was 7,412 Cr, with an average profit of 1.86 Lakh per trader.

3) 35.7 lakh traders, or 90% of the total active traders, incurred a total loss of 44,565 Cr, with an average loss of -1.2 Lakh per trader.
4) Profit is not equal to the loss(seen in points 1 &2), as the report only takes into account 67% of the total trading volume from 10 broking houses.

Other entities such as prop firms, who were not included in the report, may be responsible for the discrepancy.
Read 6 tweets
Abhishek Profile picture
Jan 21
🚨 "Mixed Results for Reliance in Q3: Revenue Up, Profits Stagnant"

Key Takeaways of Reliance Industries Q3 Result in this🧵

Reliance Industries operates 4 major business segments: Jio, Retail, Oil & Chemical, & Media.

#Reliance #RelianceJio
1) The total revenue of Reliance Industries for Q3 stands at 240,963 Cr, showing a 14.8% increase compared to the previous year, driven by sustained growth in the consumer businesses.

2) The profit after tax saw a marginal increase of 0.6% YoY, coming in at 17,806 crores.
3) Under the leadership of Akash Ambani, Jio's business recorded a 20.8% increase in revenue compared to the previous year, reaching a total of 29,195 Cr.

4) Jio's profit increased by 28.6% YoY, reaching 4,881 Cr. 27% of Reliance Industries' total profit is coming from Jio.
Read 6 tweets
Abhishek Profile picture
Jan 20
🚨 "Asian Paints Q3 revenue growth stalls at 1%"

7 Key Takeaways of Asian Paints Q3 Result in this🧵

1) The company made 7,492 Cr in sales during Q3, which is almost same as last year. However, in the last 9 months, the company's sales grew by 22.5%

#ASIANPAINT #Q3Results
2) The company made a profit of 1086 Crores in Q3, which is 6% more than last year. However, in the last nine months, the company's profit has grown by 28% YoY.

3) They have opened 10k retail locations in last 9 months, showing how well it is expanding its reach to consumers
4) The company's gross margin increased by 180bps in the third quarter, and now stand at 38.7%. This was due to a decrease in the cost of the materials used to make their products.
Read 5 tweets
Abhishek Profile picture
Jan 19
🚨Aman Gupta's boAt Experiences Staggering 118% Increase in Revenue🚀

Let's Understand boAt's Business Model in this 🧵

Credits for sharing Financials @entrackr

#boat #SharkTankIndiaS2
1) What is the primary business or services offered by the boAt company?

"The boAt company specializes in selling audio-centric electronic devices including wireless speakers, Airdopes earbuds, wired and wireless headphones, etc."
2) Who founded boAt?

"Aman and Sameer Mehta, in collaboration, established boAt in 2014."
Read 10 tweets

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