Founder & CEO at Bui...Ā ā¢Ā 2m
Hereās how the founders of Snapdeal quietly turned ā¹57 lakhs into ā¹110 Cr without building a new product. They were early investors in Urban Company, which is now valued at a whopping $2.6 billion, and that gave them a 200x return in under a decade. But hereās whatās more fascinating... How did Urban Company pull this off in a market everyone thought was ātoo chaotic to organizeā? Letās break it down. You see, 90% of Indians work in the unorganized sector ā no structure, no job security, no training. So anyone who figures out how to organize even a small part of this massive workforce can unlock insane value. Ola did it for taxis. BigBasket did it for groceries. Urban Company did it for home services ā arguably the hardest of the lot. Because think about it ā ā Anyone can drive an Ola. ā Anyone can deliver groceries. ā But not everyone can fix your AC, unclog a pipe, or give a premium salon experience at home. These require skilled professionals. And Urban Company realized early on their biggest challenge wasnāt customer acquisition⦠it was building a trustworthy, skilled, and available supply. So they invested ā¹250 Cr+ to train over 50,000 service professionals. This single move became their biggest moat, because now, anyone trying to copy the idea will also have to train a massive, skilled workforce from scratch. Thatās not just business ā thatās long-term strategy. š Takeaway for founders and business leaders: If your business depends on an unreliable supply side, donāt just hope they improve ā invest in them. Build the team, build the systems, and your customers will follow. For more such deep dives into business models, startup moves, and growth strategies, subscribe to my newsletter (link in the comment). Letās grow smarter. š”
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