Nirav Devpura

Mobilising the talent AI can't replace at | Ex-VC

[Nirav Devpura @niravdevpura]

Did you know? Thrasio - This startup has witnessed a meteoric rise touching USD 4-5 Bn valuation raking in revenues of USD 500 Mn(2020) in less than 3 years of being operational

Thrasio's Business model - Acquisition Entrepreneurship (aka Thrasio led model)

Time for a 🧵

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[Nirav Devpura @niravdevpura]

@vatsal_sanghvi ugcpulse

[Nirav Devpura @niravdevpura]

@hthieblot Super relatable. Thanks for sharing!

[Nirav Devpura @niravdevpura]

@yasser_elsaid_ @chatbase Phenomenal! Congratulations Yasser!

[Nirav Devpura @niravdevpura]

We (my partner and I) negotiated and agreed to do Diwali in my hometown, and then choti Diwali and Bhaiduj at her hometown (she has a brother). Might alternate every year :)

[Surbhi Jain @surbhiskjain]

It’s sad how women are expected to be at their in-laws’ for every Diwali.

Festivals should be about family, nostalgia, and shared traditions. Ideally, it should go both ways, sometimes hers, sometimes his. Maybe that’s why so many start celebrating in their own city instead of going hometowns.

[Sumit @unrealsumit]

Literally the only city in India that follows proper queue etiquettes. A high trust society and that’s why goated city. Nothing, literally no other city in India comes close

[Nirav Devpura @niravdevpura]

@prachiruns Which model of Whoop is that? And how useful would you say is it compared to a smart watch?

[Nirav Devpura @niravdevpura]

They're giving away 21 Cr prize money for winning that joke of a tournament???

Amount of money spent on top tier male cricketers in India just baffles me

[BCCI @BCCI]

3 blows.
0 response.
Asia Cup Champions.
Message delivered. 🇮🇳

21 crores prize money for the team and support staff.
#AsiaCup2025 #INDvPAK #TeamIndia

[Nirav Devpura @niravdevpura]

@ku1deep Loved every bit of it! Thanks for sharing :)

[Nirav Devpura @niravdevpura]

@BeatTheInsider Thanks btw!

[Nirav Devpura @niravdevpura]

@BeatTheInsider Should we stay or exit? What would you say?

[Nirav Devpura @niravdevpura]

@nikunj Great post! I know 1 company in particular (fastest growing company ever sigh) disguising their GMV as ARR with gross margins going as low as ~10%

[Nirav Devpura @niravdevpura]

@victoralazarte @mercor_ai Amazing investment Victor! Could you please share how's the revenue accounted?

[Nirav Devpura @niravdevpura]

@Aiden_Tech_Ai AI

[Nirav Devpura @niravdevpura]

@vaibhavbetter Super cool! But does it necessarily have to be an AI company?

[Nirav Devpura @niravdevpura]

There's no better feeling than playing a 90%+ accuracy game 🙃

[Nirav Devpura @niravdevpura]

TIL that Swiggy splits a large order into multiple orders. Interesting - choosing lower margin (splitting incurs higher delivery expense) for a slight benefit of the delivery executives

[Nirav Devpura @niravdevpura]

Also invest INR 70 Crs ($8M) and hold ~20% in UC's new age competitor Snabbit

[darpan @darpunn]

>be elevation capital

>invest ₹96cr into Urban Company from $350M Fund V over 10 years

>sell a chunk in secondaries, pocket ₹550cr at $2.6B valuation

>still sitting on ~10–11% stake worth ₹1,600-1,700cr at IPO (₹98–103 band → ₹14,500–15,000cr / $1.6–1.7B)

>₹2,200cr total value from ₹96cr → 23x in a decade

>single deal recovers 0.7x of entire $350M fund