ASYMMETRIC

The ASYMMETRIC Crew today:

Revant: Founder, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Company

Chirag: Founder, GoKwik

Darshit: GP, Sparrow Capital

0:00 Coming Up

1:14 Intro

3:14 Building in India for the World - Key Considerations

11:05 Going Global: SaaS and Consumer Companies

17:39 Going Global: B2B vs B2C Considerations for VCs

24:12 Going Global: Challenges Faced by B2B Companies

29:28 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 SaaS

54:26 - Examining Trump’s Tariffs

58:15 Tesla Entry in India

1:03:03 Thoughts on India’s VC Ecosystem

1:11:23 India to US for Venture Firms

1:20:23 Cricket and the Sports Industry

Relevant links:

https://drive.google.com/file/d/1UO4ckdtjWCv3JTapthD-iBLuyh6E_Mgk/view?usp=drive_link

The ASYMMETRIC Crew today:

Revant: Founder, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Company

Chirag: Founder, GoKwik

Anand Lunia: GP, India Quotient

0:00 Coming Up

1:28 Intro and Welcome to Anand Lunia!

2:46 Myths About India

10:46 KukuFM - Monthly Works

14:19 Zudio & 0 CAC

18:31 India 1 vs Bharat VCs

21:07 LendingKart

22:48 WhatsApp

24:20 ShareChat

25:45 UPI Autopay

29:18 Ludo & Gaming

38:00 FRND: Bharat Pays

42:32 Google & Meta

44:40 Does India need its own Meta?

46:51 AstroTalk

47:48 Clarity

50:14 Shoes for Women of Bharat

52:23 Indian Masalas

53:08 Need for Manufacturing

54:31 Maruti

55:38 Toys

57:53 SaaS & Vyapaar

1:02:03 Revenue or Efficiency for SAAS?

1:05:57 Shoutout to Our Commenters!

1:06:41 The Magic Recipe for Bharat

1:08:10 AI for Bharat

1:14:30 Thoughts on Talent

1:19:30 The Tech-Bro Overhead

1:23:27 A Formula for Talent

India Insights by India Quotient 2025 report:

https://docsend.com/view/r8jxg7sr8nbhxfjg

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

0:00 Coming Up

1:19 Intro

03:21 Uber's Subscription Model in India

06:43 Analysis of Uber's Business Model

10:41 The Evolution of Uber's Business Models in India

17:27 Challenges for US Companies in India

27:32 Ola's Market Position and IPO Considerations

34:18 The Asymmetric Index

39:43 The Rise of Cred and Its Innovative Products

43:50 Understanding Cred's Unique Lending Model

45:32 The Impact of Mutual Funds on Lending

49:46 Risk and Reward in Youth Lending

54:00 The Future of Lending and Credit Cards

59:09 Book recommendations

01:09:44 Concluding thoughts

Links referred to in the episode:

https://drive.google.com/file/d/1FvbnpPc-F7atO_ulSe4qW2cvW7CJ4xVQ/view?usp=sharing

The ASYMMETRIC Index:

http://asymmetric-web.vercel.app/

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Sajith Pai: VC at Blume Ventures, India

1:00 Intro & Welcome to Sajith Pai!

1:53 The Indus Valley Report 2025 - Reception So Far

5:11 India’s Consumption Patterns - An Overview

10:35 Consumption Trends Across India 1, 2, 3

15:53 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 Manufacturing

49:32 Expanding from India 1 to India 2 and 3

52:13 Q-Comm Growth Explained

55:25 Who is Q-Comm Good For?

64:20 State of the Indian Capital Market

70:48 Pressures Faced by Venture Capitalists

73:50 Concluding Thoughts

75:39 How Does The Indus Valley Report Get Made?

Indus Valley Report:

https://docsend.com/view/pyxuqunkm9ejw38q

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

0:00 Coming Up

1:26 Intro & Something New!

2:57 The Ranveer Allahbadia Controversy

6:10 Behind the Scenes on this Controversy

11:24 Why We Need Regulation for Content

15:21 Liver King & Other Examples Making the Case for Regulation

20:08 Conclusions on This Debate

22:57 Jio-Hotstar - Behind the Scenes

27:48 Does Jio Even Need Hotstar?

34:13 Broader Implications of Jio-Hotstar

39:18 Changes in Social Media Algos

44:35 Honasa (MamaEarth) Results

48:56 - How MamaEarth’s Assortment Impacts Its Revenue

50:04 - MamaEarth’s Impact on Honasa Results

53:06 The Importance of Industrialists & Innovators

57:31 Responding to Comments

1:04:48 BTS

Honasa chart:

https://drive.google.com/file/d/1f8de0gFFhemxZcBvblrLEqAXHsYtHU_7/view?usp=sharing

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

0:00 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-Com

34:15 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 India

Links referred to in the episode:

https://drive.google.com/file/d/1M8-J9vUKPLPwXoZn8B7jjty057sPTEKw/view?usp=sharing

https://drive.google.com/file/d/1pRrSSgnjxJk1m-MnED7-b7Wjf4CJdwl3/view?usp=drive_link

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Ankush Grover: Co-Founder Rebel Foods

0:00 Coming Up

1:10 Intro & Welcome to Ankush Grover!

2:10 Swiggy Results Overview, vis a vis Zomato

6:42 10-Min Food Delivery - How It Works

13:35 Opportunity for Brands in the 10-Min Delivery Market

19:06 What Comes After 10-Min Delivery?

25:42 New Models in the Food Delivery Space

27:17 Swiggy vs Zomato - Comparison of Key Metrics

34:01 The Multiplier Effect of a Rs 100 Increase in AOV

39:42 India’s 2025 Budget - Implications for the Economy

45:10 Lessons from Ankush’s Weight Loss Journey

52:53 Weighing In on Whey

56:08 The Body is the Best Tracking Device

57:42 Off-Screen Banter

Links 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 Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Aakrit Vaish: Advisor INDIAai, Ex-CEO Haptik

0:00 Coming Up

1:06 Intro and Welcome Aakrit!

2:35 DeepSeek - The Lesser Known Context

09:45 Insights for India & Learnings from DeepSeek

16:03 The Indian AI Ecosystem - What’s Missing?

20:13 All About IndiaAI & What It Means for Founders and Builders

24:23 New Opportunities for India with the Government’s Push

32:23 The Real Cost of DeepSeek AI

35:53 The Role of Academia in Economic Growth

41:37 Examining the StarGate Announcement

45:43 Wingify’s $200mn Buyout - A Non-Venture Path

51:36 The 3 Market Types and Where VCs Are Needed

1:08:59 EverStone and Wingify; Trends on Private Equity in India

1:12:53 Health Corner

Links referred to in the episode:

https://drive.google.com/file/d/15MfkTfodVHcyVoARdmXDWQvvd0h_8laZ/view?usp=drive_link

https://www.sequoiacap.com/article/pmf-framework/

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Vikram Vaidyanathan: Managing Director at Z47

0:00 Coming Up

1:23 Intro & Hello to Vikram Vaidyanathan

2:39 Amazon-Axio Deal

12:40 A Review of Buy Now Pay Later (BNPL) in India

18:04 Strategic Investments & Minimalist’s Acquisition by Unilever

23:20 Predictions on BNPL for Food Delivery

30:15 Acquisitions – Good or Bad? Founders’ Perspective

37:33 Bringing Together the Good and Bad on Acquisitions

45:37 Zomato’s Q3 Results + Its Growth vs Profitability Framework

51:40 The Impact of Zomato’s Result on Market Dynamics

58:58 JusPay’s Orchestration Layer & What It Means for the FinTech Ecosystem

01:09:52 Health Corner

Links referred to in the episode:

https://economictimes.indiatimes.com/tech/startups/amazon-acquires-fintech-lending-startup-axio/articleshow/117291725.cms?from=mdr

https://juspay.io/blog/our-belief-in-an-ecosystem-that-fosters-diversity-interoperability-and-innovation (edited)

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Ankush Grover: Co-Founder Rebel Foods

0:00 Coming Up

1:10 Intro & Welcome to Ankush Grover!

2:10 Swiggy Results Overview, vis a vis Zomato

6:42 10-Min Food Delivery - How It Works

13:35 Opportunity for Brands in the 10-Min Delivery Market

19:06 What Comes After 10-Min Delivery?

25:42 New Models in the Food Delivery Space

27:17 Swiggy vs Zomato - Comparison of Key Metrics

34:01 The Multiplier Effect of a Rs 100 Increase in AOV

39:42 India’s 2025 Budget - Implications for the Economy

45:10 Lessons from Ankush’s Weight Loss Journey

52:53 Weighing In on Whey

56:08 The Body is the Best Tracking Device

57:42 Off-Screen Banter

Links referred to in the episode:

https://docs.google.com/spreadsheets/d/12gj5ucQ4--OWQe1q8U1IGmWRRq8xvAMV-fdC1EW_mUI/edit?usp=sharing