ASYMMETRIC

The ASYMMETRIC Crew today:Shantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikHarish Krishnan: Co-CIO and Head(Equity), Aditya Birla Sun Life Mutual Fund (ABSLMF)1:43 Intro3:49 Trump’s Tariffs - A Synopsis7:44 Understanding Donald Trump11:49 The Endgame for Trump16:25 More Tariffs → More Investments?22:28 Challenges Ahead for Trump26:41 Opportunities for India32:42 Thoughts on 2021’s Cash Influx and New-Age IPOs 38:26 How Private vs Public Capital Works49:09 Growth - The Good & Bad54:15 Index Devisers57:54 The Problem of Plenty1:02:58 Public Investors and Risk Taking1:08:40 Closing ThoughtsLinks referred to in the episode:https://drive.google.com/file/d/1E4glaVlyx24ipSYhieurOdu-KO1SkNAD/view?usp=drive_linkhttps://hktg13.substack.com/p/mind-the-gap

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwik0:00 Coming Up1:09 Intro2:27 Reflections on Quarter End5:22 Creating Markets vs Capturing Market Share10:38 Challenges with Market Creation15:01 Meesho’s Standout Execution in Bharat19:57 Meesho’s Logistics Strategy25:25 Meesho’s Cultural Strategy27:10 How Meesho Cut Its Burn37:53 Meesho’s AI Adoption43:31 Rethinking with AI48:36 AI Use Case: MIS Data Dumps54:10 Individual Agency & AI Adoption58:11 AI Use Case - SEO & Email Marketing1:00:43 AI Impact Across Functions1:03:45 AI Use Case: HR Performance Reviews1:05:50 AI for Work-Life Balance & Health1:11:58 Off-Screen Cricket Banter

The ASYMMETRIC Crew today:Shantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikNikhil Vora: Founder & CEO at Sixth Sense Ventures0:00 Coming Up1:21 Intro & Welcome to Nikhil Vora3:03 The Thrasio Story 7:50 India’s Thrasio Clones11:37 Why Didn’t Thrasio Models Work?15:05 Is There Merit to The “House of Brands” Brands18:37 The Opportunity for Consumer Companies 24:30 How to Think About Consolidating Businesses30:34 Acquisition By Legacy Companies33:23 Dealing with Capital Influx Waves37:21 Why Don’t “Good” MnAs Not Happen in India?41:40 The Need for Patient Capital44:39 What Drives Founder-Market Fit?48:51 The JusPay Curveball54:39 Views on The Indian Ecosystem The Thrasio Effect ppt:https://drive.google.com/file/d/1z8t7nNO3FRlc_L_vkr5rV1gVvqgI0VZ5/view?usp=sharing

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikDarshit: GP, Sparrow Capital 0:00 Coming Up1:14 Intro3:14 Building in India for the World - Key Considerations11:05 Going Global: SaaS and Consumer Companies17:39 Going Global: B2B vs B2C Considerations for VCs24:12 Going Global: Challenges Faced by B2B Companies29:28 Build in India and Scale Globally vs Build Directly for the World?36:42 Going Global: Product-led Growth vs Sales-led Growth 41:32 SaaS and Sales-Led Growth 47:09 Opportunities outside SaaS54:26 - Examining Trump’s Tariffs58:15 Tesla Entry in India1:03:03 Thoughts on India’s VC Ecosystem1:11:23 India to US for Venture Firms1:20:23 Cricket and the Sports IndustryRelevant links:https://drive.google.com/file/d/1UO4ckdtjWCv3JTapthD-iBLuyh6E_Mgk/view?usp=drive_link

The ASYMMETRIC Crew today:Revant: Founder, Mosaic WellnessShantanu: Founder, Bombay Shaving CompanyChirag: Founder, GoKwikAnand Lunia: GP, India Quotient0:00 Coming Up1:28 Intro and Welcome to Anand Lunia!2:46 Myths About India10:46 KukuFM - Monthly Works14:19 Zudio & 0 CAC18:31 India 1 vs Bharat VCs21:07 LendingKart 22:48 WhatsApp24:20 ShareChat25:45 UPI Autopay29:18 Ludo & Gaming38:00 FRND: Bharat Pays42:32 Google & Meta 44:40 Does India need its own Meta?46:51 AstroTalk47:48 Clarity50:14 Shoes for Women of Bharat52:23 Indian Masalas 53:08 Need for Manufacturing 54:31 Maruti55:38 Toys57:53 SaaS & Vyapaar1:02:03 Revenue or Efficiency for SAAS?1:05:57 Shoutout to Our Commenters!1:06:41 The Magic Recipe for Bharat1:08:10 AI for Bharat1:14:30 Thoughts on Talent 1:19:30 The Tech-Bro Overhead1:23:27 A Formula for TalentIndia Insights by India Quotient 2025 report: https://docsend.com/view/r8jxg7sr8nbhxfjg

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik0:00 Coming Up1:19 Intro03:21 Uber's Subscription Model in India06:43 Analysis of Uber's Business Model10:41 The Evolution of Uber's Business Models in India17:27 Challenges for US Companies in India27:32 Ola's Market Position and IPO Considerations34:18 The Asymmetric Index39:43 The Rise of Cred and Its Innovative Products43:50 Understanding Cred's Unique Lending Model45:32 The Impact of Mutual Funds on Lending49:46 Risk and Reward in Youth Lending54:00 The Future of Lending and Credit Cards59:09 Book recommendations01:09:44 Concluding thoughtsLinks referred to in the episode:https://drive.google.com/file/d/1FvbnpPc-F7atO_ulSe4qW2cvW7CJ4xVQ/view?usp=sharingThe ASYMMETRIC Index:http://asymmetric-web.vercel.app/

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwikSajith Pai: VC at Blume Ventures, India1:00 Intro & Welcome to Sajith Pai!1:53 The Indus Valley Report 2025 - Reception So Far5:11 India’s Consumption Patterns - An Overview10:35 Consumption Trends Across India 1, 2, 315:53 India vs China Approach to Growth 18:33 Is Manufacturing the Only Playbook for Growth? 22:26 Are We Seeing a Manufacturing Boom?26:37 How Should Startups Think About India 1 vs India 2 and 3?29:04 What Is Stopping India From Seeing a Manufacturing Boom?35:29 Why Can’t the Indian Government Just Ban Certain Sectors?40:25 Is It Easy Setting Up Manufacturing in India?46:44 The VC Perspective on Manufacturing49:32 Expanding from India 1 to India 2 and 352:13 Q-Comm Growth Explained55:25 Who is Q-Comm Good For?64:20 State of the Indian Capital Market70:48 Pressures Faced by Venture Capitalists73:50 Concluding Thoughts75:39 How Does The Indus Valley Report Get Made?Indus Valley Report: https://docsend.com/view/pyxuqunkm9ejw38q

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik0:00 Coming Up1:26 Intro & Something New!2:57 The Ranveer Allahbadia Controversy6:10 Behind the Scenes on this Controversy11:24 Why We Need Regulation for Content15:21 Liver King & Other Examples Making the Case for Regulation20:08 Conclusions on This Debate22:57 Jio-Hotstar - Behind the Scenes27:48 Does Jio Even Need Hotstar?34:13 Broader Implications of Jio-Hotstar 39:18 Changes in Social Media Algos44:35 Honasa (MamaEarth) Results 48:56 - How MamaEarth’s Assortment Impacts Its Revenue50:04 - MamaEarth’s Impact on Honasa Results53:06 The Importance of Industrialists & Innovators57:31 Responding to Comments1:04:48 BTSHonasa chart:https://drive.google.com/file/d/1f8de0gFFhemxZcBvblrLEqAXHsYtHU_7/view?usp=sharing

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik0:00 Coming Up 1:15 Intro 3:39 Shein’s Global Success 9:34 Deep Dive Into Shein’s Re-entry in India 15:12 Who Will Take the Hit in Fashion in India? 19:57 Can Shein Crack Costs in India? 22:56 Nykaa’s FY25Q3 Results 28:16 Nykaa’s Biggest Challenge - Q-Com34:15 Why Isn’t Q-Com Big in China?36:48 Delhivery’s FY25Q3 Results 41:56 Should Delhivery Double Down on QComm? 46:25 WeWork India’s IPO - The Background 50:20 Why WeWork Made It in India 54:16 Different Co-Working Models & How They’ve Fared 01:02:44 Health Corner - Whoop’s Calorie Counter 01:06:05 Is Magnesium Addictive? 01:08:14 Whey & Protein in IndiaLinks referred to in the episode:https://drive.google.com/file/d/1M8-J9vUKPLPwXoZn8B7jjty057sPTEKw/view?usp=sharinghttps://drive.google.com/file/d/1pRrSSgnjxJk1m-MnED7-b7Wjf4CJdwl3/view?usp=drive_link

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwikAnkush Grover: Co-Founder Rebel Foods0:00 Coming Up1:10 Intro & Welcome to Ankush Grover!2:10 Swiggy Results Overview, vis a vis Zomato6:42 10-Min Food Delivery - How It Works13:35 Opportunity for Brands in the 10-Min Delivery Market19:06 What Comes After 10-Min Delivery?25:42 New Models in the Food Delivery Space27:17 Swiggy vs Zomato - Comparison of Key Metrics34:01 The Multiplier Effect of a Rs 100 Increase in AOV39:42 India’s 2025 Budget - Implications for the Economy45:10 Lessons from Ankush’s Weight Loss Journey52:53 Weighing In on Whey56:08 The Body is the Best Tracking Device57:42 Off-Screen BanterLinks referred to in the episode:https://docs.google.com/spreadsheets/d/12gj5ucQ4--OWQe1q8U1IGmWRRq8xvAMV-fdC1EW_mUI/edit?usp=sharing