All start-ups have moved to cash conservation mode. Despite layoffs being the most obvious path, every founder I spoke with vocally desisted it until it's their last resort.
If u work @ a start-up dealing with this crisis as mentioned above, plz consider urself privileged (1/2)
“A surge in Indian sharing economy businesses and the resulting fractional ownership are acting as a bridge between aspiration and access...” @SabenaPuri, Co-Founder, @stage3social.
Read more at: https://t.co/nGH3RFD1A3
https://t.co/nGH3RFD1A3
Some ground rules I have for myself (loosely held opinions - happy to evolve):
Gross margin (net of COGS, dead inventory, returns and taxes) > 50%
CAC <35%
Logistics cost < 25% (which implies AOV > 800 INR)
potentially >3x a year purchase (2/4)
@ankitayadav8 Hi @ankitayadav8, apologies for the delay with getting back. Could you please share your order ID and we’ll get it resolved at the earliest.
@RavneetKaur16@sanchit_baweja@SabenaPuri Hi Ravneet, apologies for the underwhelming experience. We just checked with our delivery executive and as per our records the outfit look 767 was delivered to you by Mr. Mohit and 5.30pm today.
“Collaborative consumption has enabled people to differentiate between what they want and what they can afford. With the power of technology, we are creating a sharing economy for fashion consumption”, @sanchit_baweja , co-founder, Stage3
https://t.co/VqkrTXMWlb