IN THE RULE BOOK of running a successful start-up, embracing failure will probably be amongst the top to-dos. But if, in October 2015, the founders of the Karrier—a failed logistics start-up—were told that they could reach a valuation of $820 million in 2023, they would have been incredulous. In 2015, the founders decided to pivot their one-year-old start-up to what is now known as Rapido, a ride-sharing bike-taxi platform.
How did the founders come together? High-school buddies Aravind Sanka and Pavan Guntupalli—who were working with Flipkart and Samsung, respectively, then—attended a summer programme in 2014. That is where their paths crossed with Rishikesh S.R. The trio decided to get together and start theKarrier as they realised that there was a market gap for intra-city trucks. But due to scaling and credit-availability issues, they had to pivot. This time, Bengaluru’s traffic situation provided the inspiration. They realised that people wanted an affordable daily commute. That turned out to be the right call.
Denne historien er fra January 21, 2024-utgaven av Business Today India.
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Denne historien er fra January 21, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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REACHING FOR THE COUNTERS
DESPITE HEALTH CONCERNS, THE INCREASING POPULARITY OF OTC DRUGS HAS LED TO PHARMA MAJORS SEIZING THE CHANCE TO DIVERSIFY THEIR REVENUE STREAMS. THE RISING POPULARITY OF SKINCARE AND PERSONAL HEALTH HAS LED TO EASY ACCESS OF SEVERAL DERMATOLOGICAL PRODUCTS. FROM D2C BRANDS TO ESTABLISHED PLAYERS, PHARMA COMPANIES ARE LOOKING TO BITE INTO THE PIE
the art of time
THE SIXTH EDITION OF THE LVMH WATCH WEEK WAS HELD IN NEW YORK AND PARIS RECENTLY. WE LOOK AT SOME OF THE LATEST CREATIONS SHOWCASED
Celestial Disruption
ASTROLOGY, OR THE STUDY OF THE FUTURE FORETOLD BY CELESTIAL BODIES, IS EXPERIENCING A COSMIC TRANSFORMATION, FUELLED BY DIGITAL DISRUPTION, ARTIFICIAL INTELLIGENCE, AND A $7-BILLION FAITH MARKET
"MANUFACTURING HAS MOVED TO THE FOREFRONT"
Rahul Jain, BCG India Head, on the future of manufacturing, how India can capitalise on global trends and more
"Reignite the spirit of ownership"
Mankind Pharma is an Indian multinational pharmaceutical and healthcare product company
TRICITY TRIUMPHS
CHANDIGARH, MOHALI & PANCHKULA DELIVERED SOME OF THE LONGEST DRIVES THIS SEASON
"AIM TO TRIPLE PROFITS TO ₹2,500 CRORE BY FY28”
Anand Roy, MD and CEO of Star Health Insurance, on the future of the company, challenges in the health insurance sector, and more
WHITHER THE RUPEE?
THE RUPEE HAS DECLINED SHARPLY ALONG WITH OTHER CURRENCIES AS THE DOLLAR HAS STRENGTHENED AFTER DONALD TRUMP TOOK OFFICE AS THE PRESIDENT OF THE US. WILL THE RUPEE CONTINUE TO DEPRECIATE AND WHAT WILL THE IMPACT BE ON INDIA'S ECONOMY?
"Some of our states have to introspect and get their act together"
Finance Minister Nirmala Sitharaman on the measures announced in the recent Budget, India's growth prospects, global uncertainty and more
ZOMATO REBRANDED: More Than Just Delivery
With Blinkit growing rapidly, renaming Zomato to Eternal drives home the multifaceted nature of business
