“I'm just saying it's a 70% gross margin. They must be doing EBITDA and monthly level generating around 30%. Minimum.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Sujeet Kumar
Opinion
Kumar: The Indian consumer segment prioritizing convenience over price is very narrow
“I think Amazon has a, like he is saying that convenience, but that audience in a bucket, even in bucket A is very narrow.”
Sujeet KumarMay 7, 2023▶ 1:21:33Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
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.”
Sujeet KumarMay 7, 2023▶ 30:45Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
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.”
Sujeet KumarMay 7, 2023▶ 31:16Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
Opinion
Kumar: Social Media Fits Fashion Commerce, Not Major Consumer Appliances
“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.”
Sujeet KumarMay 7, 2023▶ 1:18:05Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
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.”
Sujeet KumarMay 7, 2023▶ 1:18:25Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
AssertionPartly supported
Kumar: Flipkart started as a proprietorship to get a payment gateway
“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'…”
Sujeet KumarMay 7, 2023▶ 27:34Ep #3| WTF is E-commerce: Kishore Biyani, Udaan & Meesho Founders Reveal What Sells and What Doesn’t · Nikhil Kamath
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