This week, our investment in the GarageWorks Pre Series A round was announced (Read here). We first invested in the company in 2018 when Shishir & Prabudh were trying to reimagine the 2 wheeler (2W) doorstep servicing space by offering a comprehensive suite of services to retail customers, and fleets.
Don't Mind but This is What I see. Indian PE/VC Invest in 'Followed Ideas'. There Are Companies Doing this Before 'GarageWorks' Do you Have Any Startups doing First time IN the World ??
What is the objective? To invest in first in the world startups? Or invest in businesses that can make money? What's wrong with business model imitation? Even if we imitate business models, execution is wildly different on the ground.
RISK APPETITE I SEE IS LIKE THE FOLLOWED ONES. SO INDIA IS US FOLLOWER
Don't Mind but This is What I see. Indian PE/VC Invest in 'Followed Ideas'. There Are Companies Doing this Before 'GarageWorks' Do you Have Any Startups doing First time IN the World ??
What is the objective? To invest in first in the world startups? Or invest in businesses that can make money? What's wrong with business model imitation? Even if we imitate business models, execution is wildly different on the ground.