Nostr notes by

What even is this metric of pre-PDT (product and tech)? OLX India ...

2024-08-25T17:27:43Z

What even is this metric of pre-PDT (product and tech)?
OLX India reported a profit of INR 23 Cr pre-PDT costs, “annualised” as of July 2023.

A “profitable” OLX India with a net revenue of INR 285 Cr get acquired for 535.54 Cr (less than 2x revenue multiple).

Apparently income from export services billed by OLX India to it Amsterdam-based holding entity OLX BV made roughly 55% of its income in FY 2021.

This looks like a win-win for both CarTrade which is trading at 1/3rd of its listing price and Netherland based Prosus (owned 99% of OLX) which was looking to divest from loss making OLX Auto.

Source: https://lnkd.in/dJSg3xj4

Source: https://lnkd.in/dAFKNhzR

Original Post: https://www.linkedin.com/posts/saurabh-singh3994_cartrade-acquires-olxs-india-business-for-activity-7096834499941982209-Cj22

Date: 14 Aug 2023

“D2C businesses start to mature only at the Rs 600-1,000 crore ...

2024-08-25T17:21:18Z

“D2C businesses start to mature only at the Rs 600-1,000 crore level”. “Any founder saying they’re selling for synergy purposes at the Rs 50-100 crore level does not make sense”

“While scaling revenues from Rs 2 crore to Rs 20 crore is a 10X jump, the potential of the business cannot be gauged based on an increase that sharp”

One of the reasons why VCs are cherry picking D2C startup in the post-Covid world.

But the existing FMCG players are interested in the tech capabilities and customer database of these D2C brands and end up shelling 4-7x of revenue during the acquisition.

It’s a win-win for both D2C as well as FMCG.

D2C founders end up making more money than the CEOs of these FMCG companies make in a lifetime, and FMCG companies have the trendy products in their portfolio.

Source: https://www.moneycontrol.com/news/business/d2c-consolidation-value-creation-for-fmcg-majors-wealth-creation-for-founders-11137551.html

Original Post: https://www.linkedin.com/posts/saurabh-singh3994_d2c-consolidation-value-creation-for-fmcg-activity-7095771209526579200-udLE

Date: 11 Aug 2023

"Restaurant Packing Charges" on your Zomato/Swiggy bill ...

2024-08-25T17:20:03Z

"Restaurant Packing Charges" on your Zomato/Swiggy bill is unlawful.
Recently a consumer court in Gujarat has ruled that fast food chains KFC and Pizza Hut should not charge extra fees for packaging charges from consumers (1)

According to the guidelines by the Department of Consumer Affairs,
"A component is inherent in the provision of the food and beverages ordered by a customer. Pricing of the product, therefore, is expected to cover both the goods and service components."

Basically the price of the product or service is believed to include all operating expenses as well as profit margins in it.

In 2021, a consumer court in Hyderabad had slapped a INR 50,000 fine on a restaurant for the same (2)

Also restaurant packaging charges during takeaway is also illegal (3)

Although it is the restaurant partners who decide the packaging fee and not Zomato/Swiggy, Zomato/Swiggy should remove this option from their platforms.

Sources:
1 - ‘KFC, Pizza Hut to pay packaging fee': Consumer court rules on Zomato customer's plea - https://www.moneycontrol.com/news/trends/kfc-pizza-hut-should-pay-packaging-fee-consumer-court-on-zomato-customers-plea-11126841.html

2- Consumer Court Terms Packing Charges on Online Food Orders as ‘Unfair’, Slaps Rs 50K Fine - https://www.thebetterindia.com/251776/hyderabad-kfc-swiggy-online-order-packing-charges-illegal-district-consumer-rights-court-vijay-gopal-activist-nor41/

3 - No Restaurant Packing charge on takeaway - https://www.casemine.com/judgement/in/5c6f89d64a9326759e39e932

4 - WHAT ARE THE LEGAL CHARGES CHARGED BY THE RESTAURANT? - https://www.writinglaw.com/legal-charges-by-restaurant/

Original Post - https://www.linkedin.com/posts/saurabh-singh3994_restaurant-packing-charges-on-your-zomato-activity-7095625392413143040-fR2l

Date - 11 Aug 2023

Imagine living in the Mad Men era where you can crack open a cold ...

2024-08-25T17:18:00Z

Imagine living in the Mad Men era where you can crack open a cold one in the office. New office liquor policy in Gurgaon (Haryana) means employees can go to the office and start their day with a can of cold beer and end it with a sip of wine while attending the meetings that could have been an email.

For those who are unaware of Mad Men, it's a TV show set in the fast-paced world of an advertising agency which vividly portrays the 1960s office drinking culture, where characters frequently engaged in daytime alcohol consumption often as a tool for socializing, networking, and coping with stress.

But sadly this new policy is only for corporates with 5000+ employees and 1 lakh-square feet office area with a 2000 square feet cafeteria.

If (hoping when) it includes smaller offices, then Gurgaon would definitely win the startup battle against Bangalore.

Source: https://lnkd.in/dRq5m8Ym
Original Post: https://www.linkedin.com/posts/saurabh-singh3994_imagine-living-in-the-mad-men-era-where-you-activity-7095269113744244736-cE3s
Date: 10 Aug 2023

TIL Apple had a phygital strategy in 2007 even before the term ...

2023-07-20T18:24:23Z

TIL Apple had a phygital strategy in 2007 even before the term phygital was coined

“Imagine walking into a participating Starbucks, hearing a great song, and being able to instantly download it onto your iPod or iPhone. We think this is very cool.” - Steve Jobs

Starbucks customers could wirelessly browse, search for, preview, buy and download music from the iTunes® Wi-Fi Music Store at Starbucks onto their iPod® touch, iPhone™ or PC or Mac® running iTunes while at a participating location.

Customers will be able to browse, search and freely preview millions of songs, including a new “Now Playing” service which displays the name of the song playing in the Starbucks store at that moment, then easily buy and download songs or albums directly to their device.

Source: https://lnkd.in/dT5AfwFk

I bought at 30k a few years ago. Holding ever since.

2023-07-14T09:25:21Z

In reply to nevent1q…cxnu
_________________________

I bought at 30k a few years ago. Holding ever since.

Sadly yes. I wish there was a way to stop sharing our data. Like ...

2023-07-05T21:58:11Z

In reply to nevent1q…zskp
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Sadly yes. I wish there was a way to stop sharing our data. Like opting out plus as soon as we log out out our data is deleted from the server.

Chat GPT free version has information only till 2021. Google Bard ...

2023-07-05T06:04:45Z

In reply to nevent1q…ap5c
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Chat GPT free version has information only till 2021. Google Bard makes up stats.
Research cannot be solely dependent on these.

I use Chat GPT to understand concepts but am still dependent on good ol' Google search :(

True

2023-07-04T17:43:59Z

In reply to nevent1q…n209
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True

Welcome to future of social media :)

2023-07-02T09:49:10Z

In reply to nevent1q…pglv
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Welcome to future of social media :)

Thank you for sharing. I learn something new about Nostr everyday ...

2023-07-02T09:10:52Z

In reply to nevent1q…47r0
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Thank you for sharing. I learn something new about Nostr everyday and it sounds full of possibilities and freedom, something other social media platform lack.

Or does a short private key beats the purpose as it would be ...

2023-07-02T08:36:09Z

In reply to nevent1q…cdmt
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Or does a short private key beats the purpose as it would be easier to social hack it?

Is there a way to shorten the private key making it easy to ...

2023-07-02T08:34:30Z

In reply to nevent1q…nm03
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Is there a way to shorten the private key making it easy to remember? Else I would have to keep a copy of it somewhere. I am not a big fan of using any password manager.

In agreement with you with respect to experimentation.

2023-07-02T08:28:27Z

In reply to nevent1q…jaxl
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In agreement with you with respect to experimentation.

Is there a portal/video where I can learn what Nostr is and how ...

2023-07-02T04:50:26Z

In reply to nevent1q…8nle
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Is there a portal/video where I can learn what Nostr is and how it works in English (with little or no technical jargon)?

Makes sense. But governments around the world block access to ...

2023-07-01T22:41:37Z

In reply to nevent1q…dlf7
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Makes sense.
But governments around the world block access to online content for a variety of reasons: to shield children from obscene content, to prevent access to copyright-infringing material or confusingly named domains, or to protect national security.

Can these and probably others factors be used to block access to Nostr?

Why?

2023-07-01T22:30:54Z

In reply to nevent1q…l3lt
_________________________

Why?