LocalBanya

4 statements across 2 episodes · 1 bullish · 2 bearish · 2 people on the record · first statement Mar 29, 2020 by Mohit Gulati · said 10 times in 2 episodes since 2020 · across every show →

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brought up most by Mohit Gulati (9), Karthik Venkateswaran (1)

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Everything said about LocalBanya, oldest first

Mar 29, 2020
Assertion Not checkable as stated
Gulati: LocalBanya liquidated 68 lakhs of FMCG inventory in one Sunday
“I think one of my biggest life changing and evolving activity was the liquidation sale at local Banya where we had to, you know, give up our Kalina work workspace. I mean the whole warehouse and we liquidated 68 lakhs worth of FMCG products in one Sunday.”
Mohit Gulati Mar 29, 2020 ▶ 28:58 Mohit Gulati, ITI Fund on why Hyper-investment is not a sure shot success for startups?
Mar 29, 2020 positive
Disclosure
LocalBanya burned a ₹200 crore ad budget but lost to BigBasket
“I mean, you know, even for us at Local Banya, we had 200 crores of ad expense from Times of India. Big Basket didn't have that. But we couldn't beat them, because they were just a better product.”
Mohit Gulati Mar 29, 2020 ▶ 28:26 Mohit Gulati, ITI Fund on why Hyper-investment is not a sure shot success for startups?
Mar 29, 2020 negative
Disclosure
Gulati: Invested 35 lakh rupees in LocalBanya before it collapsed
“35 lakhs, right? Which was a large check for me back then.”
Mohit Gulati Mar 29, 2020 ▶ 22:50 Mohit Gulati, ITI Fund on why Hyper-investment is not a sure shot success for startups?
Apr 14, 2021 bearish
Opinion
Venkateswaran: The B2C grocery delivery model cannot win in India
“The entire world was saying it is, you know, Groffers, Pepper Trap, Local Banya, Zopper, Zopnow. So everybody was going on B to C grocery, and Nexus had a conviction that grocery cannot be won in this model, and we had the same conviction too.”
Karthik Venkateswaran Apr 14, 2021 ▶ 32:37 Inside the mind of Jumbotail Founders, Ashish Jhina & Karthik Venkateswaran | 100x Entrepreneur
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