If the team at Urban Clap has come this far .. having navigated one of the more un-organised markets and covid .. i think they will go a long way. Their growth trajectory might have its set of challenges but they seem to be cracking a code which is rare in our country - "dignity". That should help them to do meaningful & related diversification of their current services. As an Indian, I will root for them. As a potential investor .. key will be the listing price (getting a decent allocation in an IPO is next to impossible) and the valuation.
I was talking to a friend the other day asking him to get me unlisted shares of UC (his dad is a MF Distributer) completely unaware that they are going for an IPO. I get ammused when the electrician or plumber on their own add the invoice for any spare parts to the app for me to pay, UC on other hand gives me one month free warranty (a win win). They have a done a incredible job making an unorganized sector to much more digni-organized (if I may say 😆)
If the team at Urban Clap has come this far .. having navigated one of the more un-organised markets and covid .. i think they will go a long way. Their growth trajectory might have its set of challenges but they seem to be cracking a code which is rare in our country - "dignity". That should help them to do meaningful & related diversification of their current services. As an Indian, I will root for them. As a potential investor .. key will be the listing price (getting a decent allocation in an IPO is next to impossible) and the valuation.
Agreed on all counts Ashish - thanks for taking the time to read and sharing your thoughts!
I was talking to a friend the other day asking him to get me unlisted shares of UC (his dad is a MF Distributer) completely unaware that they are going for an IPO. I get ammused when the electrician or plumber on their own add the invoice for any spare parts to the app for me to pay, UC on other hand gives me one month free warranty (a win win). They have a done a incredible job making an unorganized sector to much more digni-organized (if I may say 😆)
Glad you enjoyed reading Kunal (though we're firmly on the fence about 'digni-organized', just saying)