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“Any big multinational company can't focus all their energy, all their resources, however vast those may be, only on one market. Our speed of execution is materially going to be higher and faster than any market player which has a very large global mandate.”

“I think that's a structural advantage for the Indian market, which will ensure that in perpetuity, the economics of e-commerce in India will actually be quite good. Because as people buy more and more high margin stuff and more discretionary items online, the …”

“E-commerce in India is Not a regulated space. There are different laws, whether it's a consumer protection law or a labor law, different laws we have to adhere to. But when something is regulated, I would say telecom is regulated in India. There is an authorit…”

“In India India's retail market is about six hundred billion dollars. Going to a trillion dollars in the next three years.”

“Out of which only seven percent is organized. 93% of India's retail is small businesses.”

“The largest fashion brand in India would be maybe two hundred fifty million dollars. There are a few that are at that scale, but that's the scale, even though the market itself is tens of billions of dollars.”

“It costs about a dollar to ship a product in India. Nationwide.”

“And our view was there'll be hundreds of more than a hundred million dollar each brands created over the coming, you know, 1020 years in our country.”

“And what we really like is that all these businesses have High gross margins. They are all profitable companies and hence are quite self-reliant and not, not as dependent on, on external capital.”

“But we do believe that within existing, let's say, commerce apps or payments app, chat will play a very big role, messaging will play.”

“We've invested in now over a 150 companies over the last nine years.”

“In vast majority of the companies we invest in, more than 90% of the 150 plus companies we've invested in, we are the first check-in. Sometimes we are the only check-in, the company, when we invest.”

“So to take an example of a sari that's made in Gujarat, it'll typically be made for about five to six dollars. It'll be sold for about 30 dollars in a market in Delhi. That same saree is sold on Snapdeal for about 12 dollars, including free shipping across the…”

“That's why cash and delivery was so high, like going up to 70, 80% at one point as a percentage of all transactions, because it was just very,”

“75% of all our orders, transactions now happen on mobile phones.”

“About a quarter of our orders are still coming through two G networks, right?”

“Within three weeks of launching Snapdeal, we started doing a hundred orders a day. This is a hundred coupons, a hundred vouchers a day.”

“I think venture capital really, most of the, First generation funds. The first funds of most of the existing VCs in the market are the 2006, 2007 vintage, right? So they also didn't have a, they hadn't seen full cycles. Now they've seen two, three cycles.”