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Dexter Capital Advisorsย โขย 1y
#Deepdive: Zeptoโs soaring valuation is driven by its meat biz ๐ฐ๐ Strange that hardly anyoneโs talking about it. No doubt, most people donโt get it. So, letโs deep-dive and break down! .. Zepto was recently valued at $3.6bn (though the pre-money valuation was $3bn). But, this included its private-label meat brand called Relish! And whatโs special about it? Four things! .. 1๏ธโฃ Relish has hit an annual revenue run rate of Rs 500cr. -> Thatโs very close to Rs 850cr run rate of standalone meat delivery unicorn startup, Licious -> Licious was last valued at $1.5bn and is the de facto leader in this space on a pan-India basis -> But, Licious operates in 20+ cities! Zepto is present in just 10 and hasnโt even launched Relish in all of them Thus, Zepto has definitely trumped Licious to become the market leader in many of the 10 cities, where Zepto operates ๐๐ .. 2๏ธโฃ When Zepto raised money before this, there was no Relish! Zepto last raised a round in August 2023 at $1.4bn valuation (post-money). And Relish was launched months later, around December ๐ ๐ Thus, Relish has added a massive chunk of the valuation here! .. 3๏ธโฃ What helps? Relish is a very high-margin business. Plus, it amps up the average order values significantly. Hence, it not only brings in money on its own but also makes the whole of the unit economics per order better! .. 4๏ธโฃ Just 7 months! -> If Zepto could launch and scale a new business to such a massive scale in just 7 months, what happens when it launches more of such niche brands? -> The sales, margins and overall unit economics could improve dramatically! Thus, the founders (Aadit, Kaivalya) have displayed solid execution here ๐๐ And thatโs what led to the big valuation jump. .. Mind it, the impact of Relishโs sky-rocketing pace is already visible. Licious, as per various media reports has not grown in the last 12 months and has been stagnant. And that is largely about the entry of Zepto, which ate away all the growth. Speaks volumes. What do you think?
Figuring Outย โขย 1y
Well this is why QCom Startups can be the next Amazon! So in terms of revenue, Licious is the biggest meat company in india with over 750cr sales. It was founded in 2015 by Vivek Gupta and Abhay Hanjura. It currently operates in 20 cities and sells
See MoreUnlocking Business I...ย โขย 7m
How Licious Built a โน12,500Cr Meat Empire & Disrupted Indiaโs Meat Market! ๐๐ ๐ The Problem: Before Licious, 90% of Indiaโs โน2.6L Cr meat market was unorganized โ poor hygiene, no cold chains, and unreliable quality. Butchers sold stale meat at i
See MorePrev- Founder & CEO ...ย โขย 10m
It's super fascinating that zepto has built so many businesses internally at scale 1. Relish by zepto 2. Zepto Cafe 3. Zepto vegetables and fruits vertical 4. Zepto Ad tech business This is the pure outcome of getting great people to work toge
See MoreHey I am on Medialย โขย 1y
Magic Meat : A Culinary revolution in Hazaribagh, Jharkhand Bringing Freshness and Convenience to Your Doorstep In the bustling city of Hazaribagh, Jharkhand, a gastronomic transformation is underway. Magic Meat, a trailblazing online meat delivery
See MoreFounder @StudyFlames...ย โขย 8m
Meet Indiaโs Youngest Self-Made Entrepreneurs โ Breaking Barriers & Building Empires! ๐ ๐ฅ These young visionaries are redefining success and proving age is just a number! Here's the lineup from the Hurun India list: 1๏ธโฃ Kaivalya Vohra (21) โ Ze
See MoreInquisitiveย โขย 2m
Milkbasket, Licious, FreshToHomeโthese next-day delivery apps honestly feel super inconvenient to me. Like... who really plans groceries a day in advance? ๐ตโ๐ซ Most of us realize weโre out of something in the momentโyou open the fridge, thereโs no m
See MoreHey I am on Medialย โขย 1y
โข Flipkart wants to acquire majority stakes of Zepto at the valuation of $ 2Billion but Zepto rejected the deal because of Zepto founders don't want to lose control over the company in future. โข But why Flipkart wants to acquire majority stakes of Z
See MoreBuilding Nestsureย โขย 2m
Itโs been over 12 months and Zepto is nowhere near DMart. ๐ DMart: โน2.5โ3 lakh crore valuation Zepto: ~โน51,000 crore (despite massive VC backing) And DMart built that without VC cash โ pure execution and profit. Ambition alone doesnโt scale like t
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