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Profit Party Over for Food Giants?
As startups like Zomato and Swiggy put in a decade building innovations to recently achieve profitability, this Rs. 1000 Cr. tax blow by the government threatens to spoil the profit party and expansion plans quickly. With a Rs. 1000 Cr. tax burden, the government risks damaging entrepreneurial momentum on policy unpredictability grounds.
What Made Asian Paints India's Paint King? 👑
Started by 4 people in Mumbai 81 years ago, Asian Paints reached 40% market share and near monopoly status in paints - defying norms by removing distributors and investing heavily in tech since 1970s to transform operations and outpace rivals. How did this backyard startup rise to sustained leadership against competition via such unconventional strategies and continual evolution?
Business shorts & failed startup analyses now part of buildd challenges
We've expanded our challenges to include business shorts, founder stories, and in-depth analyses of failed startups. Dive into a diverse range of daily challenges and get a sneak peek at our upcoming recommendation section. Plus, check out our latest app improvements for a smoother experience! 🚀📈
PhonePe Hits 5 Billion UPI Transactions
PhonePe has achieved a big milestone by becoming the dominant player in the payments industry in just 8 years. With a staggering ₹8.38 trillion in UPI transaction value, they have surpassed all other players in the market. This newsletter dives into their remarkable journey of growth and highlights the customer-centric approach that has been the driving force behind their success.