These are the questions we need to be prepared about for funding:
1) You are picking up from three restaurants. One has a prep time of 5 minutes, while the other has the prep time of 30 minutes. What do you do?
A:
2) What is your cancellation policy?
A:
3) What is your social media strategy? What is your response time for queries on social media?
A:
4) How are you going to make profit out of it?
A: Sir we have two major USPs that other startups do not have:
1) Cart Value: The make or break for any startup is the average cart value. While the other startups are actually moving towards decrement in the ACV, we are existentially increasing it, by involving more people to order together.
2) How many orders a DE is doing in a day: This is fundamentally very important
4) Why did you stop Kothrud?
We needed to do massive rework. so we had to take a step back and reflect on our learnings. It was basically a small venture to test the market fit. it was an ideal time to stop as the prototype as our target market had already left the area for their hometown.
A:
3) What is your social media strategy? What is your response time for queries on social media?
A:
4) How are you going to make profit out of it?
A: Sir we have two major USPs that other startups do not have:
1) Cart Value: The make or break for any startup is the average cart value. While the other startups are actually moving towards decrement in the ACV, we are existentially increasing it, by involving more people to order together.
2) How many orders a DE is doing in a day: This is fundamentally very important
4) Why did you stop Kothrud?
We needed to do massive rework. so we had to take a step back and reflect on our learnings. It was basically a small venture to test the market fit. it was an ideal time to stop as the prototype as our target market had already left the area for their hometown.
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