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Vedant Tiwari

Founder of VedspaceA...Ā ā€¢Ā 1y

Why a Multi-million dollar potential start-up QuikBite shuts down? In 2018, A ā€œAlready Existingā€ Idea comes to a person's mind but with some adjustable twistsā€¦ QuikBite is the startup inspired by Doordash, but Quick and fast delivery with less cost. If you're Indian you can relate with BlinkIT of Zomato and Swiggy (these are also food delivery apps) QuikBite has all the potential in the world, and has great Funding with a User friendly App. They start great, the first month Estimated revenue of Quikbite was $45,000 and first year Estimated revenue $600,000. They start great, they're doing great. BUTā€¦.. They forget about one thing. See they didn't do Proper Market research, they ā€œAssumeā€ that customerā€™s only have 2 needs here. According to them, ā€œCustomers just want Quick food delivery with less Costā€ (you probably get the name of their Startup) But they forget one main thing, the FOOD QUALITY. By time, their food quality is getting lower and lower

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