Billionaire Deepak Garg On GROWTH Strategies, Profitable Business & Scalability | FO 53 Raj Shamani

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In this latest episode of Figuring Out Podcast with Raj Shamani we are in conversation with Deepak Garg, Founder and CEO of Rivigo and we have discussed:

-Why India doesn’t have companies like Uber & Netflix and why are these companies struggling in India?
-What are the areas India needs to focus on in order to grow it’s economy?
-What’s stopping India from becoming rich?
-What opportunities should India look at in order to grow for the next 10 years?
-What are Indian VC’s and entrepreneurs getting wrong?

Rivigo was founded in 2014 by former Mckinsey employees, Deepak Garg and Gazal. The main idea that led to the formation of the now billion-dollar company was to make the truck driving occupation more gracious and humane. The central objective was to create a model where no truck driver would drive for more than 5-6 hours at a stretch and would reach home the same day itself.

Rivigo became a member of the elite unicorn club in 2019. In this episode we talked about the future of Web 3.0, India's manufacturing market, US consumers and more.

Deepak Garg's
Social Media Handles ⤵︎

Twitter@dg_rivigo
  / dg_rivigo  

Linkedin:   / deepak-garg-4204b439  

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Timestamps:

00:00 - Introduction
01:22 - Will Web3 be consolidated?
07:16 - Reality of Democracy in India
11:45 - Indian economic situation
15:39 - What business will be successful in India?
20:01 - Demand & supply in US and Europe
21:00 - Business opportunities in US
23:48 - Why is Rivigo not going international?
25:18 - How to find customers for export?
27:42 - Problem with entrepreneurs
28:54 - How to manage capital to start a business?
34:44 - How to judge a market?
38:16 - How to serve the market where consumerism is very less?
41:37 - How did the idea of Rivigo come about?
49:55 - Conclusion

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About Raj Shamani
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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.