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.

clear all ✕

why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 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

Opinion
Sethi: Complicating coffee with roast levels adds no novelty in India
“There is no novelty in complicating coffee. Like this batch, this roast level, this, even connoisseurs and aficionators of coffee don't get coffee in India.”
Bharat Sethi Aug 16, 2022 ▶ 23:13 How He Built India's BIGGEST D2C Coffee Brand From First Principles Ft. Bharat Sethi CEO-Rage Coffee
Assertion Supported
Sethi: Two non-innovating players held 70% of India's coffee market in 2018
“If you deep dive into the category, not now, four years back, if you deep dive into the category, 70% market share was with two players who were not innovating at all. 70% of the market was with South India.”
Bharat Sethi Aug 16, 2022 ▶ 21:41 How He Built India's BIGGEST D2C Coffee Brand From First Principles Ft. Bharat Sethi CEO-Rage Coffee
Assertion Not checkable as stated
Sethi: An imported coffee brand generated ₹200 crore on Indian Kirana shelves
“I met the distributors of an imported brand that was doing 200 crores by just sitting on the shelf. That brand is actually sold in European luxury supermarkets that was sitting on a Kirana store shelf and selling.”
Bharat Sethi Aug 16, 2022 ▶ 22:09 How He Built India's BIGGEST D2C Coffee Brand From First Principles Ft. Bharat Sethi CEO-Rage Coffee
Assertion Contradicted
Sethi: Postergully Reached 50% Net Margins and 10+ Crore Revenue
“So we were a 50% net margin business. In the last of the business, we topped more than 10 crores and, you know, 50 people team.”
Bharat Sethi Aug 16, 2022 ▶ 8:43 How He Built India's BIGGEST D2C Coffee Brand From First Principles Ft. Bharat Sethi CEO-Rage Coffee
Assertion Not checkable as stated
Sethi: Postergully exited at about a 3.5x annualized revenue multiple
“Yet the exit was about three and a half times of annualized revenues, but it was a deal that we stuck the buying party.”
Bharat Sethi Aug 16, 2022 ▶ 10:20 How He Built India's BIGGEST D2C Coffee Brand From First Principles Ft. Bharat Sethi CEO-Rage Coffee
Prediction Didn’t hold up
Sethi: Rage Coffee is on track for ₹100 crore in 2022 sales
“We are on track this year to achieve a hundred crores in sales.”
Bharat Sethi Aug 16, 2022 ▶ 26:49 How He Built India's BIGGEST D2C Coffee Brand From First Principles Ft. Bharat Sethi CEO-Rage Coffee
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