Authors Posts by Patanjali Pahwa

Patanjali Pahwa

Patanjali Pahwa
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Staff Writer

The inside story of 500 Startups’ India adventure

Shalini Prakash is the only member of 500 Startups left in India. Pankaj Jain, partner and India operations head, quit at the end of December 2016. Soaib Grewal resigned a few weeks before Jain. And the $25 million 500 Kulfi fund failed to set.A spokesperson told Economic Times in January 2017, “Due to recent moves by the India...

The twists and rolls of Faasos

There is visible chaos at the Faasos office in Mumbai. Someone’s always yelling across the room asking for a report, someone will jostle past you with a sheet of paper; it is never quiet. The chaos means that the big 12-seater conference room in the centre of the room is always occupied. There is another smaller one, and you’ll...

BigBasket: The winner, the consolidator

Big Basket is the single largest grocery delivery company in the country. Founded in 2011, It has seen challengers come and go. It fought them off with the might of funding and a canny business model. While others, like LocalBanya, Grofers and PepperTap, used different ways to reach the customer, BigBasket decided to focus on using an inventory-led model...

Snapdeal: The once and future challenger

Snapdeal is the third largest e-commerce player in the country. It was valued at $6.5 billion when it last raised funds. The company boasts of the who’s who of venture capital investors. Snapdeal is huge, it has “about 45 million+ products from over 125,000 regional, national, and international brands and retailers across 800+ categories,” according to the 2016 annual...

Quikr and the unacquisition of CommonFloor

"This is a crap product. There is nothing in it. We didn’t want to touch it but Tiger made us buy it. We will have to start from scratch,” Manish Sinha, executive vice president of QuikrHomes, reportedly told a room full of people. He was referring to CommonFloor. The room full of people had section heads from CommonFloor and...

Snapdeal has some good news. And bad

 Snapdeal, once a serious challenger to fellow unicorn, Flipkart, is now just a fraction of its 2015 self. Two-thirds to be precise.The Ken sent Snapdeal a detailed questionnaire last week but despite repeated reminders, a reply was not forthcoming till the time of publishing.On January 11, Snapdeal brought in Jason Kothari from Housing. Kothari will now be the chief...

It is going to get wild

What you see lurking in the horizon is 2017. It is almost here.But let’s look back at the year gone past, 2016 was a weird year. And when things turn weird, the weird turn pro. Hunter S Thompson said that. And you can’t talk Thomson without talking about excess and when you talk excess, you talk, no not the...

Shopclues: A tall task ahead

Shopclues is the flea market e-commerce website of India. It is considered fourth in a three horse race but claims to have cornered the tier two, three and four market. It broke into the $1 billion club in January and boasted that it had clocked a GMV of $1.5 billion in FY16. One of its founders, Sandeep Aggarwal, had...

Proptiger: No roar or bite

Addendum (December 22, 2016)On Tuesday, an anonymous source tipped us off that our financial analysis of PropTiger’s results was incomplete. The consolidated and standalone results of PropTiger Realty Pvt Ltd did not give a complete picture of its operations. So, we spent some more time to get to the bottom of this. The shareholders in PropTiger Realty Private Ltd are;...

Paperboat: It’s getting spicy

It is not just a startup, it is an FMCG startup. An FMCG startup that sells beverages. It is unique. There are not too many of them around. Hector Beverages started with retailing an energy drink called Tzinga. Yes, we haven’t heard of it either. But soon after losing cash and momentum, the company changed its focus to juices....

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