ASYMMETRIC

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

00:00 Coming Up

01:06 Intro

04:50 India’s Economic Slowdown

12:31 Traditional Economic Data vs. New-Age Economic Behaviour

17:05 Rupee Depreciation in the Context of Imports vs. Exports

24:08 Women in the Workforce

28:22 UPI – India’s Crown Jewel

30:28 Rise of RuPay

37:17 The Economics of RuPay, Visa, and Mastercard Credit Cards

42:08 Economics of Credit Card Discount

48:17 Future of Credit Expansion in India

53:05 Health & Wellness

Deck referred to in the episode:

https://drive.google.com/file/d/1APcEhwDQNp2bDrkG4EfUoqhXdNKgOyGC/view?usp=drive_link

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

https://drive.google.com/file/d/1vOPM-sNKeQzT3llzI2k8XdjFMjsQfgj5/view?usp=drive_link

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Chirag: CEO, GoKwik

00:00 Coming Up

01:05 Welcome to 2025!

03:44 Predictions on Health

07:50 E-Com and Q-Com Trends

12:53 Predictions on E-Com and Q-Com

23:30 IPOs and M&A Predictions in India

34:18 Why VC Fund Size Matters?

37:54 INR vs USD - Impact on VC Returns

43:51 Travel Trends Amongst Indians

54:58 New Year Health Resolutions

59:12 Cricket

Relevant links

https://drive.google.com/file/d/1Omtl3SLyba5P0Q5ivYqSulQ7y4mD0Jpb/view?usp=drive_link

The ASYMMETRIC Crew:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Aseem Dhru: MD & CEO, SBFC Finance Ltd

Darshit: GP, Sparrow Capital

00:09 Swiggy IPO Listing

01:27 Swiggy IPO Results

04:03 10min Food Delivery

05:13 Zepto raises $350M from Family Offices

09:18 Vishal Mega Mart IPO

09:35 Vishal Mega Mart Growth

12:02 India's Slowing GDP

15:02 Rising Debt in India

17:02 Unacademy sale

20:42 VCs' Negative Cash flow for 2023/24

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

00:00 Coming Up

00:01:21 Introduction

03:46 Indian’s Economic Growth

07:19 RainGauge Index and Venture Capital in India

15:06 US Venture Capital Landscape

20:12 Impact of Fund Sizes on Returns

22:48 Founders success and Funds Sizes

36:34 Health Trends and the Impact of GLP-1 Drugs

40:34 Rising Health Epidemic in India

47:27 Supply Side Problem in Health and Nutrition

54:33 Health Resolution for 2025

59:07 Closing Thoughts

Relevant links

https://tigerfeathers.substack.com/p/vision-2025-charting-india

https://www.youtube.com/watch?v=eNOi66OclA4

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

00:00 Coming Up

01:27 MobiKwik IPO

11:19 Vishal Mega Mart IPO

13:00 Retail Trend: Online vs. Offline Shopping

17:09 VMM and Retail Giants

20:29 VMM Business Model and Growth

23:01 Comparison across value retailers in country

31:32 Private Labels and Their Impact on Retail Margins

36:10 Private Equity and IPO

44:30 Future of Private Equity in Indian Retail

53:18 Cultural Transformation in Organizations

55:56 Role of Founders vs. Operators

59:10 Tier 2 and Tier 3 Market Opportunities

01:07:31 BGT24

01:12:28 Outro

Relevant links

https://drive.google.com/file/d/1IpQoZPoDiiWcPZAYM5B9l6BY5FTEHvPO/view?usp=drive_link

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

00:00 Coming Up

01:27 Intro

03:28 Understanding Liquidation Preference

11:20 Ed-Tech Synopsis

12:53 Thoughts on Ed-Tech

14:12 Liquidation Scenarios and Their Implications

20:10 Unacademy Acquisition

26:30 Investor Perspectives and Market Dynamics

30:30 Founders' Salary and Liquidation Preference

33:37 Balancing Cash Compensation and Equity

36:43 ESOP Buybacks

40:41 The Founder’s Journey: Passion vs. Financial Gain

50:16 Mobikwik IPO

01:05:23 Concluding Thoughts

Relevant links

Liquidation Preference: https://drive.google.com/file/d/1MfwnKKrs1uLqsC_if_K-BUiVmFzYuHrm/view?usp=sharing

https://thedailybrief.zerodha.com/p/before-you-invest-in-unlisted-shares

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Darshit: GP, Sparrow Capital

00:00 Coming Up

01:18 Introduction

03:07 Swiggy's Q2 results

6:31 Adj. EBITDA implications

8:47 Key metrics driving food delivery performance

11:21 Key metrics driving Q-Com performance

18:28 10min food delivery

19:42 Blackbuck, results and investment implications

23:49 VC perspectives

36:45 Dynamics of payment flow businesses

47:45 Ecom Logistics Market in India vs US/China

55:05 Closure

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Aseem Dhru: MD & CEO SBFC Finance Ltd

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Ashish Goel: Founder, Urban Ladder

00:00 Coming up

01:27 BGT24 and Asymmetric Crew Intro

04:55 Honasa deep dive and implications for founders/ecosystem

43:05 Zepto raises $350M and the growth of the 'Indian Family Office' in private investing

01:03:52 North India Pollution Emergency - what can a regular citizen do

The ASYMMETRIC Crew today:

Revant: CEO, Mosaic Wellness

Shantanu: Founder, Bombay Shaving Co

Chirag: CEO, GoKwik

Darshit: GP, Sparrow Capital