Outliers

Outliers 73: 80+ investors said no to Kabeer before he raised funding from Google

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Sinopsis

“The biggest investment you make in a startup is your time; it’s not capital or anything else.” The first big lesson for Kabeer Biswas, from his first startup Hoppr is that entrepreneurship is more about the time than anything else. Biswas, who co-founded Dunzo, is potentially building the next unicorn, or the startup with over billion dollar valuation. But that’s not what makes him and Dunzo outliers. “Our mission is to go ahead and say we’re going to make cities more convenient and we’re going to make sure that every store in the city can be transacted with,” he says. “That’s a massive business. It’s not the business of hyper-convenience, time—this is the business of buying and shopping. This is the business of local commerce.” “And nobody wants to give you money because logistics as business lost a lot of money in 2015-2016.” So why go on building it when none of the investors were ready to write the big cheques? “Because the users wanted it,” he says. And it continues to be frustrating for Kabeer a