Dunzo took 8 years to reach a $775 mn valuation
But Zepto got valued at $900 mn after a little over a year
But the two startups focused on quick commerce space could not have had more different paths to reach where they are
This gets clearly reflected in their Org Charts
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Reliance & Google-backed Dunzo was built on customer love for its concierge-like service in primarily in Bangalore since 2015
It found its management team and even co-founders primarily from this customer base as it has expanded across the country
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On the other hand, the Stanford dropout teenage co-founders of Zepto needed seasoned executives with operating experience
Y Combinator-backed Zepto has gone about hiring its CXOs first and then setting up its first dark store
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@madhavchanchani
This proves that timing and backing matter more than anything in the startup world.
When Dunzo started in 2015, quick commerce was barely a thing. When Zepto started in 2021, quick commerce was getting popular among users. And Y-comb' backing gave them an edge to scale quickly.
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@madhavchanchani
10 min delivery mode was never thought to be sustainable until vc started hyping and flushing it with funds.
Let the industry as a whole mature and you will see only few winners in this category namely swiggy ( due to high synergy).
Most of them will end up burning billions.
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@madhavchanchani
I miss the presence of both the players here in Gujarat. Especially Dunzo, since it’s already been 8 years and it still hasn’t found it’s way to Gujarat.
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