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Deepak Abbot

@deepakabbot

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@indiagoldco

Gurgaon, India
Joined May 2010
Don't wanna be here? Send us removal request.
@deepakabbot
Deepak Abbot
3 years
50 people in a restaurant can sit without a mask but a single person in a car can’t. No argument can ever justify this for me 🤯🤯
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@deepakabbot
Deepak Abbot
2 years
Elon musk misuses his fan following by twisting the truth. Tesla can import, pay the required duties and sell as many cars they want in India
@elonmusk
Elon Musk
2 years
@madhusudhanv96 @PPathole Tesla will not put a manufacturing plant in any location where we are not allowed first to sell & service cars
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@deepakabbot
Deepak Abbot
4 years
IIT Roorkee student has quietly released a Tiktok clone called “Mitron TV” a month back and it has not only achieved 5mn installs, it is now no.2 android app in India thus raking in half a million installs per day. Name of the app is the growth hack here IMO
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@deepakabbot
Deepak Abbot
3 years
Small story: We use @Razorpay for our payouts. Saturday late night we ran out of balance as I missed the email alert. We have regular payouts using that balance. To our shock, our bank was under maintenance that night for 8 hours. We were wondering what to do. 1/5
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@deepakabbot
Deepak Abbot
2 years
Nykaa & Zomato raked in Rs.2 Lakh crore subscription for their IPO by Day 3 while LIC is struggling to touch even 30,000 crores. Everything just changed in 6 months 🥵
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@deepakabbot
Deepak Abbot
3 years
1cr worth of brand new macbooks in this photo
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@deepakabbot
Deepak Abbot
10 months
Saw a black Scorpio with a HR number (yes a Scorpio) giving indicator to change lanes in Gurgaon. Felt like a Black Mirror episode. Still shaken 👁️‍🗨️😰
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@deepakabbot
Deepak Abbot
2 years
Delhi Mumbai Expressway (ready next year), Mumbai Nagpur expressway (almost ready), Purvanchal Expressway (ready),Surat Chennai Expressway, Amritsar Jamnagar Expressway & WDFC (half operational) are going to dramatically change the pace of infra growth in India. Tie your belts 🚀
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@deepakabbot
Deepak Abbot
3 years
April loss of business is $80bn approx vs cost of vaccinating India $8bn: RTGS - 🔻33% NEFT - 🔻34% UPI - 🔻3% IMPS - 🔻9% Credit Card - 🔻19% Debit Card - 🔻18% CTS - 🔻24% Cash - 🔻11%
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@deepakabbot
Deepak Abbot
1 year
Social media team of @tcs today
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@deepakabbot
Deepak Abbot
2 years
Bangalore builds hype, Delhi builds dhandha🤪
@livemint
Mint
2 years
#MintCharts | Once Bengaluru used to be India's startup capital but not anymore. Between 2019 and 2021, Delhi added 1.7 times more startups than Bengaluru.
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@deepakabbot
Deepak Abbot
3 years
State of engg hiring in this short chat I had with another founder. It isn’t easy to retain or hire engineers. At junior level almost no one values ESOPs, they all need cash
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@deepakabbot
Deepak Abbot
2 years
A founder offered 0.2% equity as esop to a potential senior hire. Fairly decent, till you read the fine print - 0.2% of the esop pool 🤦‍♂️🤦‍♂️🤦‍♂️ such a scam (and also refuses to disclose the esop pool) - esop policies beyond twitter universe of 1-2% startups are just an eyewash
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@deepakabbot
Deepak Abbot
3 years
30 days of no processed sugar. Toughest was quitting chai. 3 kgs weight loss is a bonus
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@deepakabbot
Deepak Abbot
3 years
This is the startup collaboration and support system we need. This is how we grow the ecosystem together. I just can’t thank the whole @Razorpay team for being so supportive and thoughtful. Customer for life 🙏🙏 5/5
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@deepakabbot
Deepak Abbot
7 months
The best use of the F1 infra at Abu Dhabi Yas Marina Circuit. Free for cyclists, runners to use it twice a week for 4 hours. Bonus: you get the cycles on the spot (for zero fee)
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@deepakabbot
Deepak Abbot
3 years
The burning 🔥 question ❓is - Kaun banega unicorn aaj 🦄. It’s already 7am. Hurry up
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@deepakabbot
Deepak Abbot
6 years
Twitter HQ 🤔😋
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@deepakabbot
Deepak Abbot
2 years
The nature has healed
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@deepakabbot
Deepak Abbot
2 years
The Real Deal: @Paytm leads the consumer to merchant payments in India with 42% share
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@deepakabbot
Deepak Abbot
3 years
There are over 50k Indian Apps (including all Top apps) which has FB SDK. They ALREADY HAVE your information which whatsapp intends to share too now. Probably they have lot more than what Whatsapp may share :)
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@deepakabbot
Deepak Abbot
2 years
Tesla spotted - my first time 😀
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@deepakabbot
Deepak Abbot
3 years
IPO frenzy isn’t slowing down: little know company Latent Analytics has been OVERSUBSCRIBED 326X. HNI’s alone did 850x. This amounts to bid of over ONE LAKH CRORE. More than 2x of Policybazaar & 6x of what Paytm could gather. Who can explain what led to this frenzy?
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@deepakabbot
Deepak Abbot
2 years
India’s flag is undoubtedly the best looking flag in the whole world 🇮🇳
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@deepakabbot
Deepak Abbot
2 years
Indore has got this right 🚮♻️✅
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@deepakabbot
Deepak Abbot
1 month
I had my US visa appointment yday at the consulate. I didn't carry my phone and bag as it isn't allowed inside. I forgot that I was wearing @UltrahumanHQ ring and they refused to let me in. I came out and realized there is no one I could hand that over. Confused what to do next..
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@deepakabbot
Deepak Abbot
3 years
First office of @indiagoldco in the heart of Delhi 😍
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@deepakabbot
Deepak Abbot
7 years
Hello @Olacabs - your driver Amod came back long way to return my mobile phone. Wish I could give him 10 stars
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@deepakabbot
Deepak Abbot
3 years
UP covid recovery rate is fantastic. When it all ends, UP will have far more recoveries than ever affected. (& Noida will soon be covid free)
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@deepakabbot
Deepak Abbot
3 years
A friend in Gurgaon has been asked to appear for in-person interview in Bangalore and the HR person said they will only provide "one way ticket". I asked my friend to drop the invite. Not even worth trying 🤯
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@deepakabbot
Deepak Abbot
3 years
This is what dreams are made of 😀😀😀😀
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@deepakabbot
Deepak Abbot
3 years
Hottest Startups of 2020 report ✅
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@deepakabbot
Deepak Abbot
2 years
I don’t understand what’s the burning need to buy an EV scooty when the tech is still at POC stage. The premium for EV you pay will not give ROI for 4 years so even running cost is a poor benchmark. Better to wait and let early enthusiasts help make it suitable for majority
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@deepakabbot
Deepak Abbot
2 years
Find me another founder who will honestly talk about their market plateauing and behind the scenes of headline numbers. For me @Nithin0dha is a legend
@Nithin0dha
Nithin Kamath
2 years
In India, we have hit a plateau in terms of new user additions & revenue. We are still not seeing a drop as our markets are holding up. But if markets fell, the impact will be as much as RH in revenue. I keep reminding myself & our team of all of this to temper expectations.😃7/7
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@deepakabbot
Deepak Abbot
5 months
Our medical system in nutshell
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@deepakabbot
Deepak Abbot
3 years
Paytm is the preferred choice for most top end payment consumers in India. Look at the DAU data (source Appannie): 1. Paytm: 2.6mn DAU 2. PhonePe: 0.7mn DAU 3. Gpay: 0.5mn DAU @Paytm is multiple times ahead of others. Top 10% of India go for Paytm @vijayshekhar
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@deepakabbot
Deepak Abbot
2 years
I just published India’s 100 Unicorns: Ranked by Revenue, Losses, Current Valuation, Revenue Multiple. Some of the facts will shock you [clickbait 🤪] Please RT
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@deepakabbot
Deepak Abbot
2 years
The list of Top100 unicorns conveys nothing. I got onto my data mode and compiled India’s top loss making, top revenue generating, top 20 youngest unicorns, most valued as of today’s valuation, top 20 b2c, top 20 b2b. All that coming up in my data dump blog today. Stay tuned ✅🥁
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@deepakabbot
Deepak Abbot
2 years
ESOPs are taxed at the time of exercising making it the biggest reason for its non-adoption. @indiagold is one among few startup whose employees won't have to pay tax at the time of exercising. If you work at a startup, please ask your employer if they have this unique exemption
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@deepakabbot
Deepak Abbot
3 years
"Only Fintech in India" which has a SFB license is @bharatpeindia - they have a real chance of building a true vertically integrated Neo Bank and not just a UX enhanced App interface. It takes Ashneer & his steallar team to pull this off. He is a true hustler
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@deepakabbot
Deepak Abbot
3 years
Contiuing with our transparency philosphy, I am sharing @indiagoldco Product/Growth tools we use internally. These tools serves our usecases so I request PMs to evaluate their own needs
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@deepakabbot
Deepak Abbot
3 years
Recd $83 from someone in USA in my @HDFC_Bank account. They refused to credit as they didnt accept the reason code. I asked them to return it back. They returned $23, deducting $60 as charges. I don’t even have the patience to fight but tweeting it to just vent my anger 🤬
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@deepakabbot
Deepak Abbot
2 years
Such nuisance will never happen in a Bangalore startup 😼
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@deepakabbot
Deepak Abbot
8 months
EVs in India are ridiculously priced. Zero financial sense in buying yet. Buy only if you deeply concerned about the environment and 35% money premium upfront is not an issue 🚗🔋
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@deepakabbot
Deepak Abbot
2 years
@GabbbarSingh 700kms of continuous expressway from Delhi to Ghazipur is one of the best infra projects in the country. And it came up faaaast
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@deepakabbot
Deepak Abbot
1 year
New founders asking how many ESOPs to give to their Top Hires OR employees asking how much to ask (be sure you are a top hire :) - here is a quick reference table. This is a liberal ESOP table so only refer this for your best hires. Use this to reduce CTC cost upfront
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@deepakabbot
Deepak Abbot
2 years
Hope Neo Bank PMs are asking these people why are they lining up to enter a branch. We can get blinded by UPI numbers, internet penetration, twitter bubble and fintech app downloads but onground reality even today is different. And this is not “Bharat”. It’s a large urban city
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@deepakabbot
Deepak Abbot
9 months
In poor taste @foldmoney_ why release an app if you can’t take the feedback
@foldmoney_
Fold
9 months
@dushybag Yup dragging the hard work of a team in public, especially the one you didn't pay for, without understanding how the product works is much easier than reading a blog post.
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@deepakabbot
Deepak Abbot
3 years
Life comes full circle - from building the product to getting a demo as a merchant from the stellar @Paytm team 👊
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@deepakabbot
Deepak Abbot
3 years
CRED is the only app on Play Store which has seen the immediate lift (2.5x the avg) in downloads since IPL started. All other sponsors/advertiser are on the same trajectory.
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@deepakabbot
Deepak Abbot
9 months
One way is to crib about google's monopoly and the other is to build a product to take them head on. Have been using @MapmyIndia Mappls regularly as it is far better than Google Maps. 3D views, visual intersection view, camera alert, road speed limit makes it highly useful
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@deepakabbot
Deepak Abbot
1 month
I did what my grandfather did with his gold while leaving Pakistan 🇵🇰😝 - I went little further, dug a hole, kept my ring inside and kept a stone on top of it. Only difference - I went back and took it back🤩. Lesson: Do not carry any electronics to US visa interview
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@deepakabbot
Deepak Abbot
9 months
Am I allowed to say Oppenheimer was overhyped and boring? Rocket Boys 2 was far better 🤭
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@deepakabbot
Deepak Abbot
4 years
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Deepak Abbot
3 years
$10k MRR > 1mn app installs 🙏
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@deepakabbot
Deepak Abbot
3 years
Four wheelers are much safer. Come on engineers- pick your fav car 🥁 #hiring
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@deepakabbot
Deepak Abbot
5 years
2nd stint @paytm comes to an end. Last 3yrs were my best in all sense. It was a mad roller coaster ride only lucky few can experience. 20x growth in 3yrs truly reflects the team I got to work with. Thanks @vijayshekhar & everyone @ Paytm to make this journey so superlative for me
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@deepakabbot
Deepak Abbot
3 years
Whatsapp is now back to doing 7 lakhs installs a day in India vs Signal 1.5 lakhs a day. Just FYI
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@deepakabbot
Deepak Abbot
3 years
Nykaa likely to open at 100% gain 😮😮😮
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@deepakabbot
Deepak Abbot
4 years
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@deepakabbot
Deepak Abbot
2 years
Gurgaon’s Manhattan & Central Park views 😀 - from @indiagoldco office
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@deepakabbot
Deepak Abbot
6 years
Future is here: Signed rent lease agreement online, verified it online yday & today I can access it on Digilocker App - Well done Maharashtra Dept of Registration & Stamps. Last year I had to stand for 3 hours, dirty my hands with stamp pad ink and wait for 10 days to get a copy
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@deepakabbot
Deepak Abbot
4 months
Haryana (read Gurgaon) created more formal jobs than Delhi in last 5 years. In fact Haryana (read Gurgaon) created 50% more job than whole of UP. Haryana creates 100 formal jobs per sq/km vs Top 5 states avg of 29 (source EPFO). Power of a tiny city called Gurgaon
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@deepakabbot
Deepak Abbot
3 years
UPI is going to hit a new milestone in March - Rs.5,000,000,000,000 (Five lakhs crore) value. Hope I got my zeroes right
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@deepakabbot
Deepak Abbot
3 years
CRED increased its UPI value share from 0.4% to 1.1% and is among Top 5. In absolute value they grew from 675cr in Apr 20 to 5500cr in 1 year
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@deepakabbot
Deepak Abbot
2 years
Bull run in 2021? Think again. Intl Tech IPOs that launched in 2021 are facing the heat of overvaluation
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@deepakabbot
Deepak Abbot
3 years
Note to self: Never using sarcasm on twitter again 😑🙏
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@deepakabbot
Deepak Abbot
5 years
A Product Manager in my team asked for 2 weeks leave - reason - he is standing for a MLA seat in Haryana on a national party's ticket. I was pleasantly surprised. Hope he wins. India needs such young politicians 👏
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@deepakabbot
Deepak Abbot
5 years
how not to make an infographic
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@deepakabbot
Deepak Abbot
5 years
Still remember when I saw him on Day 1 at work - could not believe that this extremely quiet & shy guy is indeed @Trendulkar - all the best buddy. Keep spreading happiness in 240 characters
@Trendulkar
Trendulkar
5 years
It's my last day at work. Found a thoughtful message at my desk.
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@deepakabbot
Deepak Abbot
4 years
Forget Zoom or Tesla, our desi 🚀 @IndiaMART has doubled my money in few months 😍
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@deepakabbot
Deepak Abbot
3 years
PhonePe is unstoppable 🚀🚀 They are inching towards 50% overall market share in UPI. Will be interesting to see their strategy in next 1 year to bring this share down. Whatsapp saw MoM decline in their already tiny share
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Deepak Abbot
4 months
Having seen @Paytm from inside and outside, they will come out lot stronger and better. All leading Banks line up to partner with One97 (Paytm). IMO, this will give One97 a much bigger opportunity to become a preferred platform for multiple banks' offerings in a single app
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@deepakabbot
Deepak Abbot
3 years
indiagold completes 1 year and good day to hit this milestone. 99.9% of our customers are not on twitter but it’s stll good to share here ☺️
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@deepakabbot
Deepak Abbot
4 years
I have a stock which is 23% up. Thanks to Zuckerberg 😀
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@deepakabbot
Deepak Abbot
2 years
Coinbase marketcap is soon going to be less than some of the the Indian Unicorns making less annual revenue than Coinbase makes in a day 💁‍♂️
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@deepakabbot
Deepak Abbot
3 years
This view of MA Chidambaram is as good as SCG 😍
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@deepakabbot
Deepak Abbot
3 years
Can we do 1cr vaccines a day? I think we can. If we can vaccinate 60cr twice in next 4 months, we have a real chance of seeing some normalcy 🤞🤞🤞🤞
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@deepakabbot
Deepak Abbot
3 years
Who came up with this arbitary "4pm on 28th April” Muhurut for CoWin registration? How high are the chances of it crashing when it opens?
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@deepakabbot
Deepak Abbot
4 years
God should fire the Product manager responsible for rains in Gurgaon. Even such menacing looking clouds have such poor conversion. The funnel is leaking somewhere 🤭🌧
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@deepakabbot
Deepak Abbot
3 years
“Bharat" is being discussed on “clubhouse” by “Americans” is the theme of my twitter timeline today 😄
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@deepakabbot
Deepak Abbot
2 years
Irresponsible, anecdotal and unfounded reporting doesn’t help the already tough hiring environment in startups
@ETtech
ETtech
2 years
Indian tech firms are expected to hike salaries or counter offers by 60-120% in 2022 as they seek to attract and retain talent with niche skills. By @spriyankaET
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@deepakabbot
Deepak Abbot
2 years
In Apr 2022, SBM (Partner for PostPe, Slice, Uni) did volume of 2500cr (10mn txns) through the cards issued by Fintechs. All other banks put together did 1200cr (2mn txns). No wonder RBI is noticing it
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@deepakabbot
Deepak Abbot
7 months
Show me another captable where employees are the 2nd biggest shareholders, have same stake as founder, have double digit pool after Series F. Crazy respect for @kunalb11 & @CRED_club team
@TheKredible
TheKredible
7 months
Kunal Shah-led @CRED_club recently revealed its FY23 financials showing 3.5X growth in scale to Rs 1,400 Cr Check out the ownership structure of CRED here: ➤Kunal Shah: 12.1% ➤Peak XV Partners: 10.4% ➤QED Labs: 10.7% Visit @TheKredible for more details
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@deepakabbot
Deepak Abbot
4 years
Play Store's new payments policy from 20-1-2021 has also now included education, dating & fitness to use google billing (which means 30% gatekeeper's tax to them). Also they have clearly laid out policy for not promoting off-app billing of any paid feature
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@deepakabbot
Deepak Abbot
3 years
Zomato is the bitcoin of my portfolio - volatile yet the best yield 🤩
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@deepakabbot
Deepak Abbot
4 years
True story: A unicorn founder once said (in 2018) that by 2022 HDFC Bank will go down & Reliance has no future. I will revisit this tweet in 2022
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@deepakabbot
Deepak Abbot
3 months
$5mn house in Gurgaon (possession in 2029) 😵‍💫
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@deepakabbot
Deepak Abbot
2 years
🤬 No warning, no prior violation notice still one of our App + the Dev account terminated with no explanation. @GooglePlay is ok to allow porn apps, data stealing apps, chinese loan apps, clone apps. This is not just frustrating but also shows how we are held hostage by them
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@deepakabbot
Deepak Abbot
4 months
Sold this to someone in Srinagar. It was a pure commercial deal (with an unknown person) BUT he sent me a huge packet of kashmiri walnuts and rajma packets as a gift. Have no words for such goodness and thoughtfulness. Touched!!!
@deepakabbot
Deepak Abbot
5 months
Anyone looking to buy a pre-owned Garmin Fenix 7x Solar Sapphire? Ping me if interested. Available at an extremely good price
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@deepakabbot
Deepak Abbot
4 years
I declare myself a farmer now. Ab tax nahi dunga 🎉
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@deepakabbot
Deepak Abbot
6 years
My first unboxing video of #tobehealthyme Gourmet Peri Peri Sweet Potato Chips. Please watch till the end and enjoy 😊🤘 buy yours from and feel rich 😈 Rs.60 ONLY 🤪
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@deepakabbot
Deepak Abbot
3 years
You know what to do
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@deepakabbot
Deepak Abbot
3 years
With all money transfer instruments now 24x7, Banks should remove the option of IMPS/NEFT/RTGS at the frontend and auto select the best mode based on the amount. Monolith banks like HDFC expect users to study banking before initiating a transfer
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@DasShaktikanta
Shaktikanta Das
3 years
RTGS facility becomes operational 24X7 from 12.30 pm tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this possible.
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Deepak Abbot
2 years
India has over 750km of Metro Rail operational and 600km under construction. We have the 5th largest network in the world and we will be world no.2 (after China) in next 3 years beating USA. Finally we are seeing all the infra coming together 💪
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Deepak Abbot
3 years
I expected Harshil to pause and think but he said let us add 10 lakhs just to be on a safer side. And while we were chatting @shashankmehta05 sent me a whatsapp that money has been added to our account 4/5
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@deepakabbot
Deepak Abbot
10 months
Delhi metro construction speed is almost china like. Delhi has added more KMs in last 5 years than all other Indian cities combined. It now stands at impressive 390km + 93km under construction. The no.2 city has just 68km
@rsliveIndia
Rajan Singh
10 months
The construction work on the Magenta Line of #Delhi #Metro Phase 4 is going on at a fast pace. Click on the link to watch full ground update @OfficialDMRC
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