BigBasket co-founder V.S. Sudhakar evaluates how the telecom price collapse triggered by Reliance Jio fueled the growth of the Indian e-commerce sector.
Opinion
Sudhakar: India's major weakness is poor process orientation
“And if you really look at in an Indian context, one of the weaknesses we have as a country is our process orientation, right? Very poor process orientation.”
What-if
Sudhakar: UPI Adoption Would Not Have Happened Without Reliance Jio
“Without the UBI wouldn't have happened. A lot of things wouldn't have happened. I think it's a phenomenal change in technology landscape itself because of that.”
Insight
Sudhakar: Founders claiming success came purely from merit are fooling themselves
“Anybody who says, I've become successful purely on the basis of my merit alone, I think fooling themselves, because I think God has to be with you, and you have to have a lot of luck. Whether you call it luck, God, fate, whatever you want to call it, I think t…”
Disclosure
Sudhakar: All older BigBasket business lines are order-profitable before HQ costs
“See, the good thing is all our businesses, especially the older businesses make money on a, If you take that business, you know, per order, I mean, it makes money at a, other than corporate costs, right? Everybody makes money. All the older businesses. That's …”
Insight
Sudhakar: Walmart's Flipkart Acquisition Opened Floodgates for Indian Startups
“Flipkart-Walmart deal didn't, what it did was, I think it suddenly Open the gates to startups. Yeah. I think suddenly a lot of people said, wow, this is like big money.”
Insight
Sudhakar: Startup capital availability strictly follows a recurring sine wave cycle
“People will suddenly throw in money after literally like there's no tomorrow, and then after five years, there'll be one huge scarcity for money. Then again, there'll be, after three years, there'll be again one huge glut. So I think it's a matter of, I think …”