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ShopFlo

5 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement Apr 5, 2023 by Ishan Rakshit · said 21 times in 1 episodes since 2023 · across every show →

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brought up most by Sean Weisbrot (14), Ishan Rakshit (7)

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2023 21 mentions in 1 episode

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Everything said about ShopFlo, oldest first

Apr 5, 2023 neutral
Disclosure
Rakshit: Shopflo touches payment processing in India but not US
“The US product differ in this matter because payments success rates is a big problem in India. So we allow direct integrations with payment processors when it comes to India in the U S we don't touch payments at all. We essentially ride on top of the Shopify c…”
Ishan Rakshit Apr 5, 2023 ▶ 2:21 He Joined VC With No Plan to Stay - Here Is What He Was Really After
Apr 5, 2023
Assertion Supported
Rakshit: 70% to 75% of e-commerce shoppers drop off before checkout
“Essentially after you've added products to your cart on an e-commerce website, till the time you have bought it, we saw that around 70, 75% people used to drop off”
Ishan Rakshit Apr 5, 2023 ▶ 1:21 He Joined VC With No Plan to Stay - Here Is What He Was Really After
Apr 5, 2023 positive
Insight
Rakshit: Small US customer needs map directly to mid-sized Indian businesses
“What a US small customer wants is very similar to what a Indian mid-sized customers want. What a U S midsize customers want is very similar to what an enterprise is solving for in India.”
Ishan Rakshit Apr 5, 2023 ▶ 15:09 He Joined VC With No Plan to Stay - Here Is What He Was Really After
Apr 5, 2023 bullish
Assertion Not checkable as stated
ShopFlo Generates 80% to 85% Gross Margins in India
“Indian product is actually very fairly profitable. We make around 8085% gross margin on that.”
Ishan Rakshit Apr 5, 2023 ▶ 16:18 He Joined VC With No Plan to Stay - Here Is What He Was Really After
Apr 5, 2023 positive
Disclosure
Rakshit: ShopFlo targets a 15% to 20% checkout conversion increase
“So you're trying to sort of make 15 to 20% on an average jump when we come in, and then obviously that translates to the brand's direct bottom line.”
Ishan Rakshit Apr 5, 2023 ▶ 1:33 He Joined VC With No Plan to Stay - Here Is What He Was Really After
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