ASYMMETRIC

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwikAakrit Vaish: Advisor INDIAai, Ex-CEO Haptik0:00 Coming Up1:06 Intro and Welcome Aakrit!2:35 DeepSeek - The Lesser Known Context09:45 Insights for India & Learnings from DeepSeek16:03 The Indian AI Ecosystem - What’s Missing?20:13 All About IndiaAI & What It Means for Founders and Builders24:23 New Opportunities for India with the Government’s Push32:23 The Real Cost of DeepSeek AI35:53 The Role of Academia in Economic Growth41:37 Examining the StarGate Announcement45:43 Wingify’s $200mn Buyout - A Non-Venture Path51:36 The 3 Market Types and Where VCs Are Needed1:08:59 EverStone and Wingify; Trends on Private Equity in India1:12:53 Health CornerLinks referred to in the episode:https://drive.google.com/file/d/15MfkTfodVHcyVoARdmXDWQvvd0h_8laZ/view?usp=drive_linkhttps://www.sequoiacap.com/article/pmf-framework/

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwikVikram Vaidyanathan: Managing Director at Z470:00 Coming Up1:23 Intro & Hello to Vikram Vaidyanathan2:39 Amazon-Axio Deal12:40 A Review of Buy Now Pay Later (BNPL) in India18:04 Strategic Investments & Minimalist’s Acquisition by Unilever23:20 Predictions on BNPL for Food Delivery30:15 Acquisitions – Good or Bad? Founders’ Perspective37:33 Bringing Together the Good and Bad on Acquisitions45:37 Zomato’s Q3 Results + Its Growth vs Profitability Framework51:40 The Impact of Zomato’s Result on Market Dynamics58:58 JusPay’s Orchestration Layer & What It Means for the FinTech Ecosystem01:09:52 Health CornerLinks referred to in the episode:https://economictimes.indiatimes.com/tech/startups/amazon-acquires-fintech-lending-startup-axio/articleshow/117291725.cms?from=mdrhttps://juspay.io/blog/our-belief-in-an-ecosystem-that-fosters-diversity-interoperability-and-innovation (edited)

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

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik00:00 Coming Up01:06 Intro04:50 India’s Economic Slowdown12:31 Traditional Economic Data vs. New-Age Economic Behaviour17:05 Rupee Depreciation in the Context of Imports vs. Exports24:08 Women in the Workforce28:22 UPI – India’s Crown Jewel30:28 Rise of RuPay37:17 The Economics of RuPay, Visa, and Mastercard Credit Cards42:08 Economics of Credit Card Discount48:17 Future of Credit Expansion in India53:05 Health & WellnessDeck referred to in the episode:https://drive.google.com/file/d/1APcEhwDQNp2bDrkG4EfUoqhXdNKgOyGC/view?usp=drive_linkhttps://drive.google.com/file/d/1FvbnpPc-F7atO_ulSe4qW2cvW7CJ4xVQ/view?usp=drive_linkhttps://drive.google.com/file/d/1vOPM-sNKeQzT3llzI2k8XdjFMjsQfgj5/view?usp=drive_link

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessChirag: CEO, GoKwik00:00 Coming Up01:05 Welcome to 2025!03:44 Predictions on Health07:50 E-Com and Q-Com Trends12:53 Predictions on E-Com and Q-Com23:30 IPOs and M&A Predictions in India34:18 Why VC Fund Size Matters?37:54 INR vs USD - Impact on VC Returns43:51 Travel Trends Amongst Indians54:58 New Year Health Resolutions59:12 CricketRelevant linkshttps://drive.google.com/file/d/1Omtl3SLyba5P0Q5ivYqSulQ7y4mD0Jpb/view?usp=drive_link

The ASYMMETRIC Crew:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwikAseem Dhru: MD & CEO, SBFC Finance LtdDarshit: GP, Sparrow Capital00:09 Swiggy IPO Listing01:27 Swiggy IPO Results04:03 10min Food Delivery05:13 Zepto raises $350M from Family Offices09:18 Vishal Mega Mart IPO09:35 Vishal Mega Mart Growth12:02 India's Slowing GDP15:02 Rising Debt in India17:02 Unacademy sale20:42 VCs' Negative Cash flow for 2023/24

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik00:00 Coming Up00:01:21 Introduction03:46 Indian’s Economic Growth07:19 RainGauge Index and Venture Capital in India15:06 US Venture Capital Landscape20:12 Impact of Fund Sizes on Returns22:48 Founders success and Funds Sizes36:34 Health Trends and the Impact of GLP-1 Drugs40:34 Rising Health Epidemic in India47:27 Supply Side Problem in Health and Nutrition54:33 Health Resolution for 202559:07 Closing ThoughtsRelevant linkshttps://tigerfeathers.substack.com/p/vision-2025-charting-indiahttps://www.youtube.com/watch?v=eNOi66OclA4

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik00:00 Coming Up01:27 MobiKwik IPO11:19 Vishal Mega Mart IPO13:00 Retail Trend: Online vs. Offline Shopping17:09 VMM and Retail Giants20:29 VMM Business Model and Growth23:01 Comparison across value retailers in country31:32 Private Labels and Their Impact on Retail Margins36:10 Private Equity and IPO44:30 Future of Private Equity in Indian Retail53:18 Cultural Transformation in Organizations55:56 Role of Founders vs. Operators59:10 Tier 2 and Tier 3 Market Opportunities01:07:31 BGT2401:12:28 OutroRelevant linkshttps://drive.google.com/file/d/1IpQoZPoDiiWcPZAYM5B9l6BY5FTEHvPO/view?usp=drive_link

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwik00:00 Coming Up01:27 Intro03:28 Understanding Liquidation Preference11:20 Ed-Tech Synopsis12:53 Thoughts on Ed-Tech14:12 Liquidation Scenarios and Their Implications20:10 Unacademy Acquisition26:30 Investor Perspectives and Market Dynamics30:30 Founders' Salary and Liquidation Preference33:37 Balancing Cash Compensation and Equity36:43 ESOP Buybacks40:41 The Founder’s Journey: Passion vs. Financial Gain50:16 Mobikwik IPO01:05:23 Concluding ThoughtsRelevant linksLiquidation Preference: https://drive.google.com/file/d/1MfwnKKrs1uLqsC_if_K-BUiVmFzYuHrm/view?usp=sharinghttps://thedailybrief.zerodha.com/p/before-you-invest-in-unlisted-shares

The ASYMMETRIC Crew today:Revant: CEO, Mosaic WellnessShantanu: Founder, Bombay Shaving CoChirag: CEO, GoKwikDarshit: GP, Sparrow Capital 00:00 Coming Up01:18 Introduction03:07 Swiggy's Q2 results6:31 Adj. EBITDA implications8:47 Key metrics driving food delivery performance11:21 Key metrics driving Q-Com performance18:28 10min food delivery 19:42 Blackbuck, results and investment implications23:49 VC perspectives 36:45 Dynamics of payment flow businesses47:45 Ecom Logistics Market in India vs US/China55:05 Closure