Reflecting on the past 3 years of building Zepto: the story of 2 kids dropping out of college and starting a company that is worth 30,000 Crores in just 3 years is only possible in one country in 2024: India We are ready to dedicate ourselves to building Zepto into a world-class $50B Indian company that employs lakhs - as a way to give back to this country that has given us so much.
TBH zepto is not solving any problem but is clocking revenue because of the time and money comfort it provides. The revenue is mostly because you guys burn a hell lot of cash by providing zepto cash to incentivize buying. For a ticket size of 100 rs you guys offer 40 rs worth of zepto cash and the day you stop with it people are gonna switch back to the kirana stores or any other vc backed startup that provides them with freebies. The company can be overvalued just like in the case of byjus but it can only hold on to the number with strong fundamentals and sustainable profits.
Company starts with an ad saying just 2 rupee per delivery fee. With Platform fee, delivery fee, handling fee, small cart fee , surge fee, what not fee... They charge upto 25 rupees per order, that’s around 5% revenue per order. Average daily orders close to 300-400k with maximum 20 rupee order fee. That’s Less than 35 Million US$ in revenue. You are not building Walmart or Amazon like warehouses. Where the hell this 3.6 Billion valuation came from ? In whats ways these companies are good at ? Technology/Apps ?? Profit Model ?? Economic impact ?? Better job creation?? Just copying western world idea and execute with local resources ??? Yes this can happen only in India. In Less than 3 years, you become an unicorn and close out in next 3-5 years. Not able to pay your employees but make money for founders and investors.
Pls focus on building a sustainable company & not one which is entirely focused on valuation game
It would be great if the 10-minute service could be extended to the healthcare system as well. In India, lakhs of people die due to cardiac arrest, accidents, etc., within a few minutes. If you can provide CPR, essential medicines, paramedics and other life-saving services in 10 minutes, it will be a game changer in people's lives. Rather than focusing on non essential commodities like groceries, we should also focus on the essential commodity called "LIFE." (- Also, please make sure that the livelihoods of your delivery guys improve with your startup.)
No startup is actually solving the real problems of the country ! They are only making new kind of slaves -- called delivery boys -- backed by the power of a fake fiat currency called USD $$ !! India always had sabji walas giving veges at home , a kirana store within 500 metres in almost all places of the country What are the real problems ? -> big rich poor gap -> sick implementation of laws, extremely inefficient judiciary and court -> lot of grarbage on streets -> street dogs So many other problems - pollution for example plastic another hazard Will have way more respect for the startup which work and solve these then this kind of rubbish Zeppo nonsense All this Zepto thing is pretty close to nonsense !!
Zepto, big basket, Blinkit etc are all ek hi thali k chatte batte. They have all raised funds and are burning cash. The whole business model is flawed. Hiring 10th 12th pass and making them delivery executives. These delivery executive battle on road for 3-4 years and then they give up and are continuously replaced. Instead of creating a solution to our rising population they are creating a lot more problems. The amount of plastic wastes these businesses generates is insane. All these founders, co founders and initial investors will make 50- 60 times and exit. The company will never be profitable. In my area big basket became very hit when it was introduced and then these Kirana store owners started there own WhatsApp models.
If achieving a high valuation is the goal, then you will end up as a case study in management books. #CreateValue #NotValuation
Congrats but not a big fan of this concept. Here are my 2 cents: while these services offer the convenience of ultra-fast delivery, they do come with several drawbacks that might outweigh the benefits in the long run for the consumer. 1. Significant change in consumer habits making instant gratification a norm. This shift encourages implusive purchases and diminishes the habit of planning and budgeting for groceries, leading to high overall spending. 2. Cost of Convenience: while the convenience of having groceries delivered under 10 mins is appealing, it comes at a cost. Companies like Zepto, despite their high revenues will continue to struggle with profitability, suggesting that the high costs are passed on to consumers in the form of inflated prices. 3. Impact on Society and Lifestyle: these services can promote a sedentary lifestyle by reducing the need for physical activity associated with shopping trips. The convenience factor might pead to laziness and reduced face-to-face interactions in local communities. Great job by Zepto mostly because the tech could be easy to build but the operations part is really tough to execute. I wonder though if consumers would revert back to traditional ways of shopping in the future.
The eco system of household items has existed around a close radius (say 1 km) for ages. We all have grown up watching our parents and grandparents walked to the market daily to purchase groceries and household items? It kept them active and connected. Now, we have these delivery apps that promise convenience, but are we trading our health for it? Are we becoming lazier, clicking buttons instead of moving our bodies? I'm not saying these companies are bad, but I do think sometimes that there's a need to focus on solving real problems. We need technology that makes our lives better, not just easier. Let's find a way to balance convenience with our well-being, so we can all live healthier, happier lives.
Industry 4.0 | Digitization | Manufacturing Excellence
1moIt’s your country as well and because of that you got this opportunity and you are where you are . Stop mentioning India as this or that country. The quantum of jobs generated by you is because of your business models so more than for India it’s necessary for your business. If you are earning so much from India, instead of just generating jobs for the riders giving them pennies and exploiting them start thinking of doing something actually good for India on grassroot level where you are actually giving back to society and not taking something in return for what you call as giving back to India.