IRCTC
company on 2 shows · 6 statements across 4 episodes · said 13 times in 3 episodes since 2023
WTF is with Nikhil Kamath 7 
the Neon Show 6
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WTF is with Nikhil Kamath 7the Neon Show 6
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6 statements about IRCTC, every show
Magow: Indian rail bookings have reached approximately 87 percent online penetration
“So today if you look at market share of the, ah, or starting with let's say the online penetration of rail bookings, it is the highest, 87 odd percent, right?”
Magow: IRCTC commands 80 percent of Indian online rail bookings
“And if you break that into then IRCTC versus all the other OTAs, including Make My Trip Go, Ibibo, Redbus, others, Zig Ziggo, and the others, all of us put together will be 15, 20%. 80% is IRCTC.”
Magow: MakeMyTrip uses train bookings strictly for user acquisition
“So I'll tell you the, you know, all of us, what we are trying to do, you know, okay, maybe I can speak for myself, is more the customer acquisition. This is a new customer acquisition channel for us. Because the economics don't really work, right?”
Akash Sinha: Swiggy, Zepto, Cred, and IRCTC are Cashfree customers
“Actually, Swiggy is already a customer. Exepto is a customer. Dunzo is a customer. So there's a lot of customers we have from Hyperloop industry. ICTC is one of the big names that work with us. We have someone like, you know, as I mentioned, Cred is one of the…”
Market Leadership Is Useless Without Eliminating the Competition Entirely
“Market leadership in B to C or B to B, whether it is B to B to B, I don't think it makes a difference. If you do not have the advantage of basically eliminating completely the competition and taking all the profits away, which means become a monopoly like IRCT…”