Rahul Hari, Founder and CEO, Satvacart, an online grocery delivery company, India
- Rahul Hari is the founder and chief executive officer of Satvacart, which is India’s only demonstrably profitable online grocery delivery company.
- He is a seasoned management professional with experience in Strategy, Business Transformation, Data Analytics and Systems design across EY, Cleartrip, O3 Capital and NetApp.
Podcast
Overview
Explore the riveting journey of Rahul Hari, the visionary entrepreneur behind Satvacart, India’s leading online grocery delivery company. From his humble beginnings to disrupting the market with a profitable business model, discover the strategic insights, challenges overcome, and plans that have propelled Satvacart to success. Learn about their unique approach to understanding customer needs, focusing on profitable clusters, and the roadmap to becoming a global player in the online grocery industry.
00:31- About Rahul Hari
- Rahul Hari is the founder and chief executive officer of Satvacart, which is India’s only demonstrably profitable online grocery delivery company.
- He is a seasoned management professional with experience in Strategy, Business Transformation, Data Analytics and Systems design across EY, Cleartrip, O3 Capital and NetApp.
00:45- What led you or what motivated you to start Satvacart?
- Strong desire for financial stability and independence after witnessing my father’s financial struggles.
- Identification of a market gap and opportunity while observing the trend of online shopping for various products but neglecting the grocery sector.
- Realisation of the limitations of marketplace models and the profitability potential of connecting with local Kirana stores.
22:03- What is your methodology or your approach to growth? And what are your plans going forward?
- Focus on gradual expansion by opening clusters with a radius of five kilometres each, ensuring a controlled and manageable growth trajectory.
- Set a clear financial milestone of generating one crore rupees a month on EBITDA before considering further expansion, emphasising profitability as a key metric for growth.
- The long-term plan is to scale up operations to achieve a monthly EBITDA of 20 crore rupees within the next four years, leading towards an IPO and eventual global expansion akin to building a Domino-like business model.
RESOURCES:
Learn more about Rahul Hari: LinkedIn
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Profile
- Rahul Hari is the founder and chief executive officer of Satvacart, which is India’s only demonstrably profitable online grocery delivery company.
- He is a seasoned management professional with experience in Strategy, Business Transformation, Data Analytics and Systems design across EY, Cleartrip, O3 Capital and NetApp.
