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Aryan patil
Building SwapEat | I... • 1y
Hey guys I wanna share some interesting insights of my recharges with you ... Total recharge done on groww app: 31 recharges in past 6 months Total Money spent: ₹ 5604 Total cashback recieved: ₹ 75 My average recharge amount: 5604/31 = ₹180 So if company earns around 1% to 3% on average recharge so ₹180%2 = ₹3.6 And now we multiply 3.6 to my total number of recharges = 3.6*31 = ₹111 So the crux of this analysis is company gave me around 67% of it's profit as cashback which they recieved from my recharges. And they take only 111-75 = 36 rupees. So at the end, in many special scenarios we can acquire customers and give them rewards without any extraa cashburn 🔥. It's just that we've to find a cash pipeline and fit the one pipe of our startup model into that.
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