<ul><li>Move from international first to domestic first based on demand from local buyers.</li><li> building for local led to mobile first development.</li><li> focused more on utility aspect of the game 🎯</li></ul>

Web To Mobile First 

<ul><li>Thorough emphasis on break even period and it decides whether to choose growth or profitability.</li><li>Believes in having good margin on products and services. </li></ul>

When To Shift Gears 

<ul><li>The idea was ahead of it's time and he had complete trust trust in the idea.</li><li>He started funneling his services business gains into his marketplace idea.</li><li>Used to print queries of US based customers and send it to suppliers.</li><li>International export oriented. </li></ul>

India Mart : Origins 

<ul><li>Returned to India after internet was announced in India in 1995.</li><li>Was curious for tech and was looking to explore more options, started creating websites for businesses.</li></ul>

Early Life 

<ul><li>Customer centric model and believed development of revenue for wellbeing of employees and investors. </li><li>Did not chase unicorn status.</li><li>Focus on Product market fit and becoming profitable. </li><li>Did not rely on VC and focused on sustainable development. </li></ul>

Core Ideology Of Org. 

<ul><li>Had to rely on sustainable development as venture capital was not a thing.</li><li>Didn't try to force any development and did not rush throughout the process.</li><li>Started as services solutions to established businesses and digitized paper based content for businesses</li></ul>

Early Development  

<ul><li>Founders long term view should be believed by employees as well.</li><li>Focus on preserving talent in the organisation</li><li>Preference to stable and high energy relations over unstable ones, mix of talent is required.</li></ul>

Role Of Leadership

<ul><li>Business growth at 20% growth is considered excellent ,30% is phenomenal.</li><li>Had set 10% growth as baseline.</li><li>Believes that compunding is not only about revenue and customers growth but puts emphasis on profitability as well.</li><li>Believes in structuring business that that promotes profitability at some some point of time.</li></ul>

Compounding at Scale 

Dinesh Agarwal on building succesful digital marketplace and view on compounding & growth. 

In this podcast episode, Dinesh talks to Karthik B. Reddy of Blume Ventures about his journey starting a business in India around the time the internet was first introduced there. He was passionate about doing some business that would be centered around the internet and in India. He waited for the internet to be announced in India, and as soon as the announcement was made on August 15th, 1995, he asked his manager to transfer him back to India. Dinesh also shared his thoughts on business growth and profit margins. The compounding can come to you when your margins are expanding. He encourages entrepreneurs to aspire to this kind of compounding. He also talks about the importance of having a mix of talent in a team, including those who are operationally strong and can focus on present problems, as well as those who are forward-thinking and consider future trends. On India’s growth story, he emphasizes the importance of small and medium-sized enterprises (SMEs) in creating employment and income in India. He argues that ignoring SMEs could lead to disastrous consequences for the country. Dinesh's thoughts on SMEs and the importance of employment highlight his commitment to building a successful business in India that benefits all stakeholders.

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Podcasts

Welcome to The Blume Podcast, where we explore "The Power of Compounding" through insightful conversations with industry leaders. In this season, we bring you four captivating episodes featuring Peyush Bansal, Raamdeo Agrawal, Nithin Kamath, and Dinesh Agarwal. In the first episode, Peyush Bansal, founder and CEO of Lenskart, shares his journey of building a successful eyewear company and the importance of hiring the right people. Discover how his clarity of purpose and long-term thinking shaped Lenskart's success. Next, Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, shares his investment philosophy and insights on India's growth. Gain valuable advice on building a strong brand identity and the dangers of building a startup for the wrong reasons. In the third episode, Nithin Kamath, founder and CEO of Zerodha, reveals the secrets behind building and scaling an online brokerage firm without external capital. Learn about the power of compounding and the importance of trust in the financial industry. Lastly, Dinesh Agarwal takes us on a journey of starting a business in India during the internet boom. Discover his thoughts on business growth, profit margins, and the significance of small and medium-sized enterprises in creating employment. Tune in to The Blume Podcast and unlock the power of compounding with these inspiring stories and valuable insights. Stay tuned for new episodes coming soon!

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