Everything Ashish Jhina said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Jhina: Jumbotail will build a $7B-$10B business in five years
“And now we're, you know, looking at expanding, you know, three, four X you know, over this year and over the next five years building a, you know, seven to ten billion dollar business because of the fact that, you know, the model is replicable.”
Ashish Jhina: Competitors educating Kiranas makes market share capture easier for Jumbotail
“Wherever other platforms have done that job, it's actually easier for us to go and, ah, you know, actually take on, ah, you know, more share, ah, because we've, you know, somebody else has done the hard job of actually educating the retailer and, you know, get…”
Jhina: Agri supply chain issues are best solved working backwards from demand
“Karthik's a lot smarter than I am. He figured out very early on that, you know, starting on the supply side is probably not a great idea. I went around, you know, I tried a lot of different things in that year and a half, you know, looked at food processing, s…”
Jhina: Producing without demand visibility drives India's food supply issues
“Agriculture is one, or food is one of the few industries in, in this country where, you know production happens without necessarily knowing what demand exists. And that's actually a root of a lot of the issues.”
Jhina: 100% of Jumbotail orders are placed directly via its app
“We don't have a large sales force on the ground. In fact, you know a hundred percent of our orders actually come, come through the app with the retailers going and, you know, ordering themselves.”
Jhina: Jumbotail's customer acquisition cost is under $2
“CAC is, you know, less than two dollars. We are operationally profitable, so, you know, we don't end up spending a lot of capital.”
Ashish Jhina: Typical Kirana stores deal with 100 to 125 suppliers
“The Kirana store, you know, on a typical basis actually deals with over a hundred to a 125 different suppliers today.”
Jhina: Indian food staples will increasingly become processed as GDP rises
“As, you know, GDP per capita goes up, as the country becomes richer, more and more staples will become, you know, processed, et cetera.”
Jhina: Jumbotail has raised $54M total, including $25M recently
“You know, with the, we, you know, we've companies raised about fifty four million dollars over the history of this company. 25 of that has come over the last you know, three months.”
Jhina: Jumbotail processes over 1M deliveries annually
“It throughputs, you know, more than a million deliveries every year and all without you know, all, all based on an in-house platform that we've built today that allows when we start a new city, we can do it in the order of a few weeks, right?”
Jumbotail raised seed funding without a pitch deck or financial model
“And we raised this money without even having a, You know, having a PowerPoint presentation or a model. I mean, it was just, you know, on the back of a conviction about, you know, a business in the way that we believe that it was.”