Prev- Founder & CEO ... • 1y
How to build for Indian Businesses? Any business in India that can help the consumer make more money or give hope to make more money will eventually prosper Marketplace models like Amazon, Flipkart, cred, and Swiggy: Amazon’s revenue in India last fiscal year is $ 2.5 billion, they help sellers make more money. Amazon made more than $300M by ads. Businesses don’t mind advertising on your platform if you can help them get more sales or businesses don’t mind giving you a cut in their revenue if you help them sell. Import & Export: Import and Export is a very huge opportunities as it gives business owners a chance to spend INR and earn in dollars. Even TATA’s 50% of revenue comes from TCS - which is into exporting tech services to the West. The biggest friction for business owners is getting a lead or processing the entire transaction, a business can be built if you can streamline the process.
Prev- Founder & CEO ... • 1y
Indians hate startups, especially companies that burn money and raise money but the truth is that 99% of Indian businesses don't make money See in India there are only 13M small businesses,88% of them are sole proprietors Out of 13M businesses, 5M
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