Angam Parashar

CLSA published a detailed research report on India quick commerce. Recommended reading. Who will be the first to create a $50-100Bn company in India internet? #Zepto #Zomato #IndiaInternet

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Today, June 29th, marks 9 years of our launch with just two completed bookings! Some people said it was impossible, other's said the TAM wasn't big enough, but here we are today 9 years, profitable, growing and many imitators entering the market! It's rather flattering we're seeing heavily-funded entrants despite them not being able to create a profitable core business of their own. It also further validates our persistence, patience and business aptitude 😊 From day one, we've focused on positive unit economics, building a scalable tech-stack and not throwing money at problems. With our limited resources, we strived to create proper product-market fit that would sustainably benefit consumers and driver partners, all while generating enough net revenue to build a strong brand and team. It's not just $6m that has been invested, but north of $30m from proceeds we've reinvested. So, for my gracious new competitors out there, best of luck and thank you 🙌 To my 160 team members, 1,00,000 driver partners, 8,00,000 transacting users and our investors thank you for your steadfast support and belief in our brand for nearly a decade. I couldn't be more than excited for what this next year has in store for us! #startups #anniversary #teamwork #profitable #scaling

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Great advice on growing D2C. Also a powerful lesson on how an entrepreneur thinks as opposed to a 'founder'. Public market benchmarking on bottom line, not top line. Operating with a ten percent profit margin, you need 150 crores of Earnings, which requires 1500 crore of topline, to get to a valuation of ~5000 crore These are similar multiples to what I offer, because they're close to reality. Seeking a 15x multiple on your topline? I'm the wrong person to chat with #venturecapital #founder #startups #scaling #valuation

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Zomato's Q1FY25 Earnings Soar: Revenue Up by 74% to Rs 4,206 Crore, Profit Skyrockets to Rs 253 Crore https://lnkd.in/d4YNQHFi Great to see regular profits from startup darlings of India. way to go 🎉🥳 #zomato #startup #india #indiastartup

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The One That We Had To Back. It is rare in venture to find a team so complete. As the former leadership team of NDTV, an iconic Indian media powerhouse - Suparna Singh Arijit Chatterjee and Kawaljit Singh Bedi have been battle-tested in ways that most of us can't even imagine. With over 3 decades of experience in digital media, broadcasting and media tech - the team has seeded ventures, scaled them, and navigated a publicly listed company from turnaround to profitability (stock price went up 27x and was voted Asia's Best Media Company under Suparna's leadership). Miraculously, they have the hunger and drive to do it all over again. As a VC, it is rare to come across complete teams at the seed stage with the perfect blend of business acumen, domain expertise and technical prowess.Those tend to get built over time. Compounded by unanimous positive feedback on leadership ability startup drive and hustle - that's the rarest of the rare. We simply had to back them. Frammer AI is building on a thesis that we have long harboured. The world of media is changing so fast, eyeballs are moving digital and most importantly to social media. Formats are becoming shorter but yet brands, publishers, enterprises were using the same ol' means of content creation and targeting. Manual, tedious and imprecise. Frammer AI makes the entire process of short form video creation faster, cheaper and most importantly monetisable. And unlike other prosumer solutions - Frammer's AI is trained on some of the smartest and premium data sets available in the world - news content which is complex, dense, multi-faceted as opposed to low quality Youtube shorts. In a span of 8 months since launch, they are already integrated with several large global clients from the US, Europe, and MENA with leading domestic clients like India Today, ZEE, Acko and several others. Big Tech is already talking to them to collaborate on enterprise projects. Given the demand for the round globally, it's a privilege to be part of their journey. Lumikai Fund We can't wait for what lies ahead. Onwards and upwards! 🚀 🚀 🚀

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Absolutely Thrilled to announce a game-changing partnership between Statiq and Cube Stop, a pivotal division of Cube Highways , India’s largest institutional investor and operator of toll roads! 🚗 🛣 With this partnership, Statiq will set up multiple state-of-the-art fast charging stations for #electriccars, #ebusses & #etrucks across Cube stop locations that offers best-in-class F&B, Hygienic restrooms and Convenience Retail facilities. Our shared vision for transforming the travel landscape aligns perfectly with CubeStop’s commitment to delivering unparalleled convenience and comfort to highway travelers and transporters across India. At Statiq, we've always strived to redefine industry standards, and this collaboration marks a monumental step forward in achieving that goal. By joining forces with CubeStop, we're poised to revolutionize the travel experience, offering a comprehensive array of essential services seamlessly integrated into India’s vast network of highways and transportation routes. #StatiqxCubestop #ElectricVehicle #Sustainability #InfrastructureDevelopment #charginginfrastructure #reliablecharging #EV #NetZero #GreenEnergy #EVChargingStation #RenewableEnergy #Statiq #StayCharged Shell Y Combinator Akshit Bansal  https://lnkd.in/eVFWe-bm

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Country Delight is one of the fastest & fewest Indian D2C brands to >2x valuation every ~1-2 years. How? Country Delight (CD) in 2024 raised ~₹160 Cr in Series E. It initially had a successful PMF, growing bootstrapped for its first 4 years without funding • Valuation jump - Series C Nov'21 : ~$94 MM Series D Mar'22 : ~$428 MM Series E Jan'24 : ~$790 MM . How? » By turning into a Free #Cashflow Machine (-ve WC biz). Somewhat like the retail-tech behemoth Apple! • In the last 8 years - 1.) Average cash collection time from customers has fallen from ~66 days, to just <10 days (mostly pay in advance) 2.) How long do they pay suppliers in? From >10 days in 2017, to ~25-30 days today. 3.) Average cash conversion cycle has gone from >45 days in 2015, to less than ~1 day today. ✓Result? Operating Cashflows >>> Profits » Cash on the books explodes - From ~₹12 Lakhs in FY'17, To over ~₹484 Crores in FY'24! World's "Highest Customer Retention" within D2C? ✓ Dairy category. Almost ~70% of all CD customers acquired ~3-4 years ago give nearly the SAME revenue, EVERY month consistently even till today. New customers add on to these, as CDs marketing spends in last couple of years grew ~5x, simultaneously exploding the free cashflows flywheel. In addition, Cross sell & Up-sell of "high gross margin" newly added products (~60% success rate) like ghee, paneer, vegetables, essentials, etc. In this model "owning customers long-term" gives - ✓ Highest LTV, Lowest CAC, Highest ROCE. Amidst giant peer brands like Amul and Mother Dairy that handle close to ~45M litres / day.. • Country Delight carved its "premium niche" from scratch - Growing ~1.5-2x YoY - From ₹0 to ~₹1380 Crores revenue in last ~8-9 years! - More than 15M deliveries per month - Network of 10,000 Indian farmers, lakhs of cattle. One of my favourite quote, by the Founder - » Animals are the best non-depreciable assets because they only multiply ;) #india #business #startups #technology #consumer

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