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Vedant Tiwari
Founder of VedspaceA... • 11m
Why a Multi-million dollar potential start-up QuikBite shuts down? In 2018, A “Already Existing” Idea comes to a person's mind but with some adjustable twists… 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. BUT….. They forget about one thing. See they didn't do Proper Market research, they “Assume” that customer’s only have 2 needs here. According to them, “Customers just want Quick food delivery with less Cost” (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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Rajan Paswan
Honorary Mentions - ... • 1y
Hack Used By Startups #1 Food delivery App deals with the extra leftover inventory!!! Here's a crazy (but true!) story of a startup that turned leftover lunch into a goldmine. Imagine a food delivery app with barely any money for marketing. They se
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