Business
Seasoned Indian business journalist and author of ‘Big Billion Startup- The untold Flipkart story’, Mihir Dalal shares the ups and downs in Flipkart’s growth story and the journey of the people who built it. He and Ravish unpack some stories from the book that have never been told in the media before. Lots of lessons to learn from the big Indian unicorn!Listen in to this episode on your browser window (if you’re listening on your phone, the audio should continue playing even if you minimise the window) or find us on the podcast app of your choice. We’re live on Spotify, Apple, Google Podcasts & Stitcher. If you like the episode please consider leaving us a review on your favourite podcast app. Timestamp:00:50: Amazon’s influence on early Flipkart, Two Pizza teams and culture06:00: Taking risks even when there isn’t a lot of visibility, turning down early acquisition offers11:00: On pompous Venture Capital Lords and Flipkart15:00: Enter the Tiger, Lee Fixel and Deep Kalra19:00: With $10 million, Flipkart powers ahead20:01: Flipkart’s official sex appeal bringer25:00: Iyappa, the Human ERP at Flipkart29:00: Cash on Delivery as a game changer32:00: How to hold inventory without inventory33:00: Sujeet Kumar- the man who got things done37:20: Competition heats up as Amazon enters India39:00 General Atlantic shocker and emergency funding41:03: Fixing the broken bits: Kalyan Krishnamurthy 48:30: After the funding boom, Snapdeal and other rivals51:15: Mihir reads out a chapter! Enter Softbank!64:30: Market consolidation, exits and acquisitions Get full access to Turnaround at turnaround.substack.com/subscribe