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Onecard - A unicorn with a valuation of 1.5 billion Usd Spend 1000 crore to make 500 crore revenue and they spend 60% of their operating revenue in ads. Despite having a good product onecard is spending huge capital to acquire new customers.

Anonymous

Anonymous 3

Stealth • 3m

You know what, building a brand does take money, but spending ₹1000 crore to make ₹500 crore shows some serious inefficiencies.

0 replies

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Onecard - A unicorn with a valuation of 1.5 billion Usd Spend 1000 crore to make 500 crore revenue and they spend 60% of their operating revenue in ads. Despite having a good product onecard is spending huge capital to acquire new customers.

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Ethos a B2B "luxury" watch company does 1000 crore in revenue, their revenue comes from jus 500 ultra rich families. Their stock has gone 2.2x from their listing date :) The luxury market does exist in India.

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