The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 59 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 2 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
BigBasket launched Happilo across eight metro cities for a one-month exclusive
“So he told, okay, you give me one month exclusive launch for Big Basket.
I will launch you across all eight metro cities in India.”
Menon: Ascent Capital was BigBasket's first investor with a $10M check
“Ascent Capital was the first investor who came in with a serious ten million cheque.”
BigBasket operationalizes new distribution centers in just seven to ten days
“So today it's a cookie cutter system, right? So you just, now we just go and plonk a DC and it takes us a week, 10 days to get operational. What you should take us a month.”
BigBasket plans to shift strategy and begin acquiring brands and companies
“And eventually going forward, I'm looking at us maybe acquiring brands, acquiring companies. We've not done that. We've built everything ourselves, but we will do that going forward.”
Hari Menon: Early Indian Startup Exits Were Not Enough to Retire On
“And the exits those days were reasonably good, but I don't think you would be comfortable saying that this is all I need for the rest of my life.”
BigBasket created new employee stock option pools at every single fundraising round
“So we have a lot at every round of fund raise to make sure that some modern esops are created.”
Aggarwal: BigBasket serves kiranas and restaurants using the same supply chain
“For example, Big Basket, ah, works a lot in serving Kiranas, ah, and restaurants, and it gives them economies of, ah, scale. So same supply chain, but delivering to multiple customer segments.”
Aggarwal: Helion succeeded in MakeMyTrip and BigBasket, struggled in high-friction physical businesses
“I think we've had a share of good investments like Make My Trip, Red Bus, Big Basket, Topper. We've had very good investments in outsourcing. We haven't done as well in some physical businesses where there's lot more friction.”
BigBasket HR meets every female hire within 24 hours regarding harassment rights
“The day a woman joins the HR head in the region in Nasik, wherever we are in, in Kochi, it could be in Kolkata, it could be in Pune, it could be in Lucknow. A woman joins, within 24 hours the HR head would meet her, tell her about her rights, tell her what rec…”
Ahluwalia: Tata Group typically buys 60-70% of acquisition targets, retaining founders
“For example, the Tata Group acquired, the Tata consumer acquired One MG, which is a digital pharmacy business, and they never do a hundred percent acquisition. They do 60, 70% acquisition. And let the 30% remain with the founders so that the founders can see t…”
Fireside's first exit was vending machine startup Qwik 24's sale to BigBasket
“So we had one exit. The fund is only two years old, so a little early to talk about actual numbers, but we did have one exit which was a company called Quick 24. This was a vending machine business very interesting concept, which was acquired by Big Basket las…”