Sumit Mukherjee

Learning & Building product @deliveryherocom, Knowledge junkie. Looking to connect and learn.

[Niklas Oestberg @niklasoestberg]

A few Delivery Hero Q3 highlights:
* Record GMV (€11.4bn), Revenue (€2.7bn), aEBITDA and cashflow 🥇
* GMV Growth acc. to 9%, revenue to 16% and FY aEBITDA target re-iterated 📈
* MENA growing GMV 26%
* Latam aEBITDA break-even in Q3 and APAC in Oct
* aEBITDA for profitable markets to reach >€1.3bn runrate in Q4 💵
* Cash largely unchanged at €1.9bn 💪

I couldn’t be more proud of what the team delivered in fairly challenging macro environment. 🙏

[Sumit Mukherjee @sumitified]

@niklasoestberg @niklasoestberg The focus, drive and culture of @deliveryherocom enables these results. Humbled to be a very very small part of this.

[Niklas Oestberg @niklasoestberg]

On Friday we announced our platform business reached adj EBITDA break-even. We will keep pushing in this direction while doubling down in countries where we face tough competition. Long-term 100% leadership. https://t.co/mV400ld3OA

[Sumit Mukherjee @sumitified]

@niklasoestberg @niklasoestberg For any marketplace to operate efficiently, freedom of choice and perfect competition in economics terms is key to create value for all. Excessive government control would impair the growth and also impact the the subtle equilibrium. @ljin18 your views?

[Niklas Oestberg @niklasoestberg]

Delivery Hero led the latest financing in @gorillasapp🚀 @deliveryherocom invested c $235m as part of almost $1bn financing on $2.1bn pre. Great team, fantastic product and the best customer loyalty in the industry.

https://t.co/KonpmmY7Zr

#gorillas #quickcommerce #deliveryhero

[Sumit Mukherjee @sumitified]

@tnpanil @strive_asia @abh1nay @tnpanil many congratulations on this milestone.

[Anil Thontepu @tnpanil]

Building a startup is exciting and we are glad to have @strive_asia on our side in this journey.

Special thanks to @abh1nay without whom this wouldn't have happened.

[Chamath Palihapitiya @chamath]

WFH will prove things we always knew but, until now, couldn’t prove:

1. You only work 2-3 hours/day. The rest is busy time or socializing.

2. Politics are rampant when you’re physically close but impossible on zoom and slack

3. Your company has 50% too many employees.

[Sumit Mukherjee @sumitified]

@chamath Loved every bit. Though I operate in South East Asia market it cut through geographical divide. Floated it with my product team along with your Stanford discussion 'Money as instrument of Change'.

[Sumit Mukherjee @sumitified]

@caesars @PhonePe_ Caesar a great gesture from you and from the @GooglePayIndia team. What is being built in India is sum of everything and everyone. The spirit of innovation is unifying and not devisive. Reflects the value system of @GoogleIndia and the resilience of @PhonePe_

[Sumit Mukherjee @sumitified]

@prasunjain This will tarnish the very fabric of our democracy the whole world cherishes. The definition of a nation is it's people cannot be certain religion, caste, creed or other filters. I am wondering what a naturalised citizen would mean after this.

[Sumit Mukherjee @sumitified]

@Kaodim and @GrabMY to provide full stack experience in the services market place space in Malaysia. A great enhancement to the entire value chain from demand to all the way to fulfillment. Very proud and thrilled.

[Sumit Mukherjee @sumitified]

@jack Thats a great value/ethic based leadership gesture. Given the size of spend by political and allied forces this will make a dent on revenues, but the community will be better served, better treated and insulated from the moribund attempt to polarise people. Absolute RESPECT.

[Sumit Mukherjee @sumitified]

Can't wait to read 'What you do Is Who you are' by @bhorowitz after this amazing summary https://t.co/XYDwUVr61j. Culture is everything what a organisation chooses and not chooses to reward and punish.

[Sumit Mukherjee @sumitified]

@ljin18 Navigating regulatory impact on pricing, matching, scope of operations in a 2 sided market place vis-a-vis services, insurance, investment products, etc.

[Sumit Mukherjee @sumitified]

@ljin18 By heterogeneous, do you mean inventory type, capacity, pricing or performance on the platform

[Sumit Mukherjee @sumitified]

@ljin18 amazing framework that is very wide and industry agnostic. As a sample the framework is evident in more than 5 countries in more than 20 vertical and horizontal marketplaces at various growth stages.

[Li Jin @ljin18]

As the low-hanging fruit of services marketplaces get picked off, the more challenging regulated industries are the ones that remain. These represent a huge opportunity for startups, but there's distinct challenges. I wrote about 8 factors to consider: https://t.co/s9053DXQs7

[Sumit Mukherjee @sumitified]

A great and proud moment. It was about time.

[Leo Burnett India @LeoBurnettIndia]

This just came in from @Cannes_Lions and we're ECSTATIC! @leslieberland thank you so much for your kind words. You made our day, week, month and year!

@saurabhvarma @rajdeepakdas @dheeraj_sinha

#WhenGoodWorkWins

[Sumit Mukherjee @sumitified]

@tejeshwi_sharma For Airbnb vertical integration and horizontal expansion will be less cost intensive. Lot of complementary products/services can be bundled for Airbnb to build far wider portfolio of product offerings in the future.

[Sumit Mukherjee @sumitified]

Is transport focused towards ride hailing? Will be great to see infrastructure+consumer tech platform with interoperable framework. Probably work on a Public-Private partnership model and usher India into a new age urban mobility.

[Tejeshwi Sharma 🇮🇳 @tejeshwi_sharma]

Softbank Vision fund sector wise allocation:

Transport and local services - $26.5B
Consumer: $8.6B
Frontier tech: $9.8B
Real estate: $7.7B
Health: $3.1B
Fintech: $2.6B
Enterprise: $1.8B