“We are having over you know, 50,000 retailers on our platform”
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More from Karthik Venkateswaran
AssertionNot checkable as stated
Venkateswaran: Jumbotail is operationally profitable in wholesale food and grocery
“Today, one of the, we operate under the lowest cost supply chains in the world. I would say that for food and grocery, we are an operationally profitable company for a wholesale food and grocery with such low gross margin profiles.”
Karthik VenkateswaranApr 14, 2021▶ 13:53Inside the mind of Jumbotail Founders, Ashish Jhina & Karthik Venkateswaran | 100x Entrepreneur
PredictionDidn’t hold up
Jumbotail expects to surpass $250M scale by end of 2021
“We will be, by end of this year we would well cross two fifty million dollars scale”
Karthik VenkateswaranApr 14, 2021▶ 24:13Inside the mind of Jumbotail Founders, Ashish Jhina & Karthik Venkateswaran | 100x Entrepreneur
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 VenkateswaranApr 14, 2021▶ 32:37Inside the mind of Jumbotail Founders, Ashish Jhina & Karthik Venkateswaran | 100x Entrepreneur
Insight
Venkateswaran: Engineers must build for underlying utility rather than specific use cases
“Build for utility, not for use case. Right? So break down the use case into underlying utilities and build for those utilities, then that can be mixed and matched, right?”
Karthik VenkateswaranApr 14, 2021▶ 12:45Inside the mind of Jumbotail Founders, Ashish Jhina & Karthik Venkateswaran | 100x Entrepreneur
AssertionSupported
Venkateswaran: Ashish Jhina Led the BCG Project Underlying India's Aadhaar System
“The project, you know, that he worked on actually changed the biometric identification system in India and served as a base for, you know, what eventually turned out to be Aadhaar. And he has worked on, you know, in the first, you know, million enrollments tha…”
Karthik VenkateswaranApr 14, 2021▶ 40:34Inside the mind of Jumbotail Founders, Ashish Jhina & Karthik Venkateswaran | 100x Entrepreneur
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