he believed that a pair of fresh eyes can make a difference sigtuple has been able to grow from being just a pilot project to finalising plans for a global business the flipkart sale has understandably made startups funded by the platforms cofounders bullish founders across consumer ventures b2b tech healthcare education and manufacturing are calling this a pivotal moment for indias startup movement india will see the growth of a number of large homegrown consumer brands says amuleek singh ceo of chai point the firm has 100 stores across the country and expects to have 400 to 500 more in four or five years unlike other chains singh doesnt see instore purchases as the only source of revenue tea dispensers account for 40 of the companys top line followed by 20 from delivery and the rest from retail purchases tea is the beverage of choice for a vast majority of indians the tea market is 30 times that of coffee he adds we live in an omnichannel world and anyone who believes in only one form of reach is living at least a decade in the past breaking the mould unlike singhs capitalintensive idea vinamra pandiya wants to build his business qtrove by staying away from external investment after exiting his last venture tasty khaana he experimented with a bike sharing idea but hazy laws shifted his focus to building a curated market place for homespun products after a pilot project covering 3035 products from 10 to 15 sellers he went live in 2017 pandiya wants to steer away from the startup herd and not repeat the mistakes of the previous generation theres no point being the 100th player in the market you will be eaten alive when you offer discounts you attract transactions not customers today qtrove has 50000 customers 600plus sellers and over 6000 products while he charges a 30 commission from sellers his has stayed away from free shipping as an antithesis to the flipkart model he wants lower than 50 of orders paid as cash on delivery as it is a drain on margins these entrepreneurs might head the next multibilliondollar breakout companies from india and they might actually do it without replicating flipkarts business model sachin bansal the poster boy of indian ecommerce who redefined 21st century startups by rahul sachitanand et bureau published on may 13 2018 at 1005 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app walmart flipkart demonetisation sachin bansal paytm