Ever wondered how the food-tech industry in India evolved from a nascent stage to the thriving ecosystem it is today? In this video podcast, Ankit Mehrotra, the founder of Swiggy Dineout, and Ashish Tulsian, the driving force behind Posist, spill the secrets of their startup journey from 0 to 1 and beyond.
⏳ Timestamps:
0:00 - Trailer
0:44 - Introduction; Swiggy Dineout Founder - Ankit Mehrotra
1:05 - Introduction; Posist Founder - Ashish Tulsian
1:19 - Posist vs Dineout
2:08 - Choosing a Co-Founder | Spouse vs. Friend
6:27 - Indian Startups in 2011 | Society's Outlook
8:38 - Evolution of Restaurant-Tech | 🇮🇳 India vs. 🇺🇸 USA
10:46 - Dineout's Launch Story
13:15 - B2B or B2C | How to scale a company
16:57 - Evolution of Food-Tech in 🇮🇳 India after 2015
20:10 - Compounding in Life, Entrepreneurship and Revenue
24:24 - Retaining vs. Acquiring a Customer
26:12 - Evolution of Posist | Maturity in 🇮🇳 Indian vs. 🇺🇸 US Markets
28:55 - Why should Founders be Frugal?
30:23 - Difference between CRM, POS and Platform in Restaurants
33:06 - Understanding your Company DNA and Customers
40:44 - Economics of Food Discounts
44:29 - Unit Economics of Swiggy Dineout
46:07 - Why is the Indian consumer being spoiled with discounts?
52:25 - Bootstrapping vs Funding
55:03 - Problem with Bootstrapping
57:20 - Benefits of Bootstrapping
59:26 - Problem with Startup Cliches
About Dineout:
Dineout is a dining-out and restaurant tech platform that facilitates table reservations, deals, and dining experiences across various restaurants in multiple cities.
Swiggy, one of India's leading food delivery platforms, acquired Dineout, a prominent restaurant tech platform, in May 2022 for an estimated $200 million.
About Posist:
Posist is a leading cloud-based restaurant management platform that has made significant strides in revolutionizing the way restaurants operate.
The company offers a comprehensive suite of services encompassing point-of-sale (POS) systems, inventory management, table reservations, CRM, analytics, and more, all integrated into a single platform.
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