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Considering Rs 500/year on average. 280 million users × ₹500/year = ₹140,000,000,000 = ₹14,000 crore That’s $1.7 Billion in ARR

Havish Gupta

Figuring Out • 5d

That's because it's very easy to inflate. Just get huge sales in one month by running a lot of ads, multiple that by 12 and boom, you'll make a lot of headlines (Just how Zepto's Relish Made once). Also you don't need to take profits into account. That's literally scamming the investors and the public 😂

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Share valuation just dropped by > 60%. From 5B to 2B. Goes to show that you can’t make money (yet) from tier 2 and tier 3 India even if you have a lot of users.

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