“Process and innovation don't necessarily go together. Those people who innovate don't necessarily follow process because you have to break stuff.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Hari Menon
Insight
Menon: Delivering every grocery order in 10 minutes is structurally unprofitable
“Nobody can profitably deliver every order in 10 minutes. It's not possible. The network of dark stores you'll have to set up to do that is not profitable. So you will never be able to build a good unit economics based on only 10 minutes, which means all orders…”
Hari MenonJun 21, 2022▶ 30:00How He Built India’s Largest Online Grocery Store? Ft. Hari Menon, Ceo & Co-Founder, BigBasket
PredictionDidn’t hold up
Quick commerce will cap out at 25 percent of total grocery purchasing
“So these are the two strong use cases, and in my view, this will contribute to about 20 to 25% of the grocery buy, and that's it. Rest of it will continue to be planned and continue to be the way it's working”
Hari MenonJun 21, 2022▶ 32:32How He Built India’s Largest Online Grocery Store? Ft. Hari Menon, Ceo & Co-Founder, BigBasket
PredictionDidn’t hold up
Menon claims BigBasket will be the only profitable quick-commerce grocery player
“The only one that's going to build a profitable model today is of us because it's not for us. It's an extension of our business, right? I've got the same DC, same supplier, same everything. My supply chain is just getting more and more loaded, which helps me g…”
Hari MenonJun 21, 2022▶ 34:11How He Built India’s Largest Online Grocery Store? Ft. Hari Menon, Ceo & Co-Founder, BigBasket
Insight
Grocery delivery businesses cannot succeed without owning their inventory
“Grocery, you can't do without owning inventory, right? That's the model that, that runs. People have tried different models. None of them have worked.”
Hari MenonJun 21, 2022▶ 7:51How He Built India’s Largest Online Grocery Store? Ft. Hari Menon, Ceo & Co-Founder, BigBasket
Insight
Startups outgrow traditional venture capital upon reaching one billion dollars in sales
“The other more important reason that we did it is that we have reached a stage in our company at a billion dollars of sales. You need to now get strategics or you need to get piece because you at one point go out of this whole BC world because of the quantum o…”
Hari MenonJun 21, 2022▶ 24:59How He Built India’s Largest Online Grocery Store? Ft. Hari Menon, Ceo & Co-Founder, BigBasket
PredictionDidn’t hold up
Viable quick commerce delivery windows will settle between 30 and 90 minutes
“So you will build a model which is within 30 minutes, right? Less than 30 minutes. There'll be some which will go up to 90 minutes. So 30 to 90 is the range you'll find. Less than 30, less than 90.”
Hari MenonJun 21, 2022▶ 30:18How He Built India’s Largest Online Grocery Store? Ft. Hari Menon, Ceo & Co-Founder, BigBasket
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 300 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.