Bumble Bee 🐝

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Jan 22 2021

Bumble Bee 🐝

#142:

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Whitney Wolfe ladies and gentlemen, Whitney Wolfe.
The human of the day, the week, the month, and even the year for me.

There is a lot of buzz around Bumble filing for IPO recently, and if you ask me, why shouldn't there be? A 31-year-old female CEO, running a billion-dollar company that is about to go public? Hell ya!
We need more of these - more of these women, more of this news! This is the type of story that should make it to the top of everyone's reading list.

Okay, I'm sure you feel my excitement here. Let me share some more resources about Whitney Wolfe and Bumble for you to digest:

Whitney Wolfe - her story from Tinder to Bumble
Bumble S-1 for IPO - this includes all the metrics on Bumble that you need to know

Also, another fun fact:

We think that this space is really crowded, don't we? Bumble might have competition with Hinge, Tinder, OkCupid and what not?
But Bumble is just against the Match Group, which basically owns all of the above.
#DavidvsGoliath

Gyaan

🛒 The BigBasket Story: From being written off to $2+ Bn valuation

Why are Amazon, Reliance, Walmart backed Flipkart, and several others competing for a piece of the action in online grocery retailing? Consider some numbers from Redseer:
Grocery is expected to be a $790 billion market by 2024. Of this, online grocery is expected to be around $18.2 billion.
The market, currently around $603 billion in size, is dominated by traditional retail (95.7%).
Only 0.3 % of the market is served by online retail and 4% is served by modern retail. The remaining is still catered to by traditional stores.

🏢 A product lesson: When I got a "?" from Jeff Bezos

A very intelligent (and slightly insane) friend of mine once told me: "We are only as good as the unknown-unknowns we can find". It was late 2008 and we were scrambling to find ways to help a client of ours -a retail bank- avoid a liquidity crunch during the financial crisis. The phrase sounded a bit enigmatic and vague to me at the time.

After all, if we think of business decisions -and the world more broadly really- along the lines of the below simple matrix, the oblivion zone is just not approachable right? Not really.

⚡️ UPI 101

Since its inception in 2016, UPI has grown tremendously over the last 4 years. It has enabled a whole new set of individuals to transact digitally for the first time.

There were multiple attempts towards making India a cashless society. Earlier solutions were not simple to use and relied heavily on Netbanking facilities provided by the banks. The experience was not standard. Because of all these reasons, it was mostly used only by the tech-savvy population. India being a diverse country needed a system that has a plethora of payment apps that are optimised for different cohorts.

Elsewhere