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Reddit's IPO Is Dwarfed By Indian Startups Commanding 20X Its Valuation

Reddit's IPO Is Dwarfed By Indian Startups Commanding 20X Its Valuation

It seems India's quick commerce market has gone from a tiny blip on the radar to a full-blown explosion in just a couple of years. But here's the kicker: even with this massive growth, it's just the tip of the iceberg in a market

Chris Dannen profile image
by Chris Dannen

It seems India's quick commerce market has gone from a tiny blip on the radar to a full-blown explosion in just a couple of years. But here's the kicker: even with this massive growth, it's just the tip of the iceberg in a market that could be worth a whopping $45 billion. Leading the pack are the usual suspects: Zomato's Blinkit and Swiggy's Instamart, with a few other players like Zepto and BigBasket's BBNow trying to keep up.

They're all scrambling to revamp their supply chains and cozy up to FMCG manufacturers and farmers. But let's be real, profitability is still a distant dream for these guys. Blinkit and Zepto are optimistically aiming for EBITDA break-even and profitability in the next couple of years, but expanding beyond the urban bubble and ensuring long-term sustainability? That's a whole other ball game, especially when you're throwing around cash like it's confetti.

Meanwhile, in the U.S. tech market, Reddit has decided to IPO despite posting a loss last year. They're hoping to rake in a cool $2.1 billion and snag a spot on the New York Stock Exchange under the oh-so-clever symbol "SPEAK."

Reddit's master plan to turn around the financial picture is to capitalize on its fiercely loyal user base and milk those advertising opportunities for all they're worth. But if that fails, they're also dipping their toes into the data licensing pool, with their sights set on $66.4 million in revenue from these ventures by 2024. And get this: they've even managed to snag a sweet deal with Google. But the scale compared to India makes this IPO look like a joke. Is that a trend Western entrepreneurs should get accustomed to?

Chris Dannen profile image
by Chris Dannen

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