Zomato

“Delivery boys, especially bikers are in hot demand. They are in as much demand as the best tech folks that join companies like Google.”

“For example, we've been now invested for 10 plus years in Policy Bazaar, 10 plus years in Zomato 10 plus years in Merit Nation.”

“So to be honest, there was no internet company, which went public in year, 2018, 19, 20. We were the first company, which went public in year, 20, 21. All right. Internet company, first internet pure internet company to go public in year, 20, 21. Then came Zom…”

“DP put in an angel check at that time just to, just so we could be in touch and then post that as we started raising around, you know, and then I think things just transpired, you know, they just sort of one thing led to another. And they said like, we're happ…”

“70%, 80% of our revenues were still coming from. On the back of a venture capital enabled companies in the B to C space. So we were really supporting Flipkart and Ola, Uber and Swiggy and Zomato and all of these guys.”

“We have exited Zomato a bit. When Ant Financial came in, because Ant said we want a secondary. A little bit. We're supporting the company. Likewise, in Policy Bazaar, we exited a bit. Early on.”

“We were actually solo for the first four rounds. Not first, first four rounds. Fifth round when Sequoia came in.”

“We hear from Zomato and Swiggy that the kind of repeat behaviors and retentions that we have for this business is pretty much unheard of in, in in any kind of delivery space.”

“I mean, even companies like Nica, PTM, Zomato, they have still remained in even by and large, a single digit billion outcome. And these are horizontals. They're not a lot of them. Most other unicorns also are in the one or two billion range.”

“In emerging markets, consumers are not willing to trust companies, and so you have to build a brand to a certain size and scale, and then they'll start enabling trust to be able to try multiple products. It's why you see so many companies like a la Zomato, not…”

“There are currently more than two million delivery boys in India across platforms like Swiggy, Zomato, Blinkit. Zepto. Big basket. 20 lakh delivery boys or girls.”

“When Zomato acquired Blinkit, the share went down. Almost the company valuation went down to four billion dollars. Today, they say the Blinkit occupies more than ten billion dollars in Zomato's valuation of twenty billion.”

“I'm most excited about these companies like Zomato, Flipkart, Paytm, and more of the companies that have Zepto, to reach a hundred billion dollar valuation mark in India on public markets. Okay. Once we reach that, we'll see, like Sky has the ambition for the …”

“Unlike many other asset areas, the one important thing in venture is that not everyone has equal access. I might be smart enough to recognize the next Zomato, But if the founder of the next Zomato is not coming to pitch to me, I'll make exactly zero dollars fr…”

“My view is that M&A really gets going when you have multiple companies that are worth more than twenty billion dollars that are, that end up being buyers. And we don't have that. Maybe Zumaito is the first one. There might be a couple of others in tech that ge…”

“They will have to go this year to raise money. And whenever that happens, Zomato will again take market share away.”

“Swiggy may exist, but Swiggy may be a, again, a very large company, a fifty, hundred billion dollar company, but Zomato can be a 304 105 hundred billion dollar company.”

“I can think Zomato could become a hundred billion dollar company, not very far away.”

“I think, 50 years from now, we'll not talk about Reliance Starter. We'll probably talk about Dipinder and Harsha. I hope that happens, but they would be the next role model.”

“So, actually, if you're telling me policy will succeed because of us, that's not true. They were going to succeed anyway, yeah. We are fortunate we went in. Likewise for Zomato.”

“So I think when we started, the biggest challenge was not competition. I would say even right now, the biggest challenge is not competition. So let me give you an example, right? So let's say we had, we got a hundred leads. Let's say one person joined. We had …”