Sujeet Kumar, early Flipkart leader and co-founder of Udaan, recounts the early operational hurdles Flipkart faced when launching in India in 2007–2008.
“By the way, when I joined, it was not even a company, it was a proprietorship. Because I didn't get a payment gateway online. So Sachin, father was a trader in, in, in, in Punjab Chandigarh. So he has some balance sheet where he will get the city avenue. That's why he was a proprietor. So in It was got registered by the way. Flipkart got registered in 2009. But it started in 2000, October, 2007.”
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More from Sujeet Kumar
AssertionSupported
Kumar: Rameshwaram Cafe runs on 70% gross and 30% EBITDA margins
“I'm just saying it's a 70% gross margin. They must be doing EBITDA and monthly level generating around 30%. Minimum.”
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Opinion
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AssertionContradicted
Kumar: Third Wave Coffee is profitable and valued around $200M
“I think somewhere now they are valued around two hundred million, something like that. And it's good because they're profitable business.”
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PredictionNot checkable as stated
Kumar: Indian QSR startups can scale to 2,000–3,000 stores
“And I believe that they will open 2003 thousand stores in this country.”
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“Logically, let's say social media is one of the most leading channels. But for consumer goods, like white goods, Is it the performance? Is it the support? Is it the pricing? I don't know. Let's say buying AC on the social media is very hard to imagine.”
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Opinion
Kumar: Camera Quality Dominates Consumer Consideration When Buying Mobile Phones
“Mobile phone, I'm very clear because it's a feature-led, camera-led. Camera is dominating, let's say, mobile as a category. Because that's the consideration set for new generation as well as for everyone.”
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