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We built LimeRoad with capital from Lightspeed Ventures, Matrix Partners and Tiger…
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Suchi Mukherjee shared thisFresh off the boat from London, I found myself in an office tastefully ‘made in india’, replete with carved old doorways, brass lamps and marigold offerings to brass statues. In the midst of it sat a gorgeous large swing, swaying gently not forgetting the momentum from the person who had just vacated it. In this strong unmistakenly statement office, I first met Vani. She fit that scene with a seamlessness that stayed with me. I was learning about India, trying to form a view on my next gig. This was in 2011. Vani and I ended up not working together, but in the last nearly decade and half, she has always made time every time I have called. When LimeRoad was soaring, my questions would be ‘should I …’. During Covid, when LimeRoad’s sales went to zero, she sat cross-legged on a VC and we chatted for over an hour trying to make sense as reality shifted. One time I called, she said, ‘I am packing, but lets talk’. One time I needed an intro; her email said two words ‘Please connect’. No, let me check. One time I was on stage with her, packed with industry and government, someone asked me a tough, slightly snarky but absolutely fair question, she saw me stumble, and answered with that same directness. Yesterday I was reminded of that again. She has always made time. Which is rare. And she has made time in her own way. So to the early investor of 100+ companies/founders including Dream11(Harsh Jain), Myntra(Mukesh Bansal), Haptik(Aakrit Vaish) and YourStory Media (Shradha Sharma), huge respect! And for those of you who haven't seen her in action, this clip is quintessentially Vani Kola, thanks to Outlook Publishing (India) Pvt. Ltd. x Lumikai Fund x Spotify. Kalaari Capital
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Suchi Mukherjee shared thisARRIVE, PAUSE, DRIVE AGAIN. Let me begin this with a story. I walk into the Club, where Amitabh Kant, who was instrumental in creating Startup India, was wrapping up a morning coffee with half a dozen people. He introduces me to the group with the story of how our PM Narendra Modi at the 2024 Startup Mahakumbh, narrated the dialogue that I had with my mother at the very start of my entrepreneurial journey. That the PM remembers is both remarkable and touching. I say – “Amitabh, you helped a lot along the way, and did so for many of us”. A gentleman sitting next to him says, tongue-in-cheek “we have known you 20 years and you haven’t done anything for us.” Amitabh very generously responds with some version of “She is different.” I am smiling when I meet my 13 year old son, and tell him the story. I get a very monotone “ok good”. Clearly he isn’t moved. A few weeks later, my son meets me at the dinner table with his iGCSE Economics book, and asks “Ma, how did this happen?” In a table on the page was the question “Research, in each case, which entrepreneur founded……..(i) Limeroad.com... (ii) Lenovo.....”. He says, glint in his eye, “Ma you are SOO cool”. Success means different things to different people. For Aadit, it was when I made it to his textbook. That was the moment “I arrived”. Over the last 16 months, since the deal with publicly-listed V-Mart Retail Ltd., the team at LimeRoad has truly arrived – the team grew the platform triple digit %, rapidly hit CM3+ again (covering all the costs post marketing), rolled out nationwide an innovative fully-loaded ebitda positive omnichannel product that is growing double digit week on week, on track to materially add to LimeRoad’s topline. It now feels like the right time for me to pause, and think about my next adventure. It has been an absolute honour to work with all of you at LimeRoad. There are just too many names to name. For the leaders who made us their first choice after University and grew with us; for those who left and came back because “nowhere was I pushed as hard as this”; for those leaders who did whatever it took to get "it" done; for the next gen leaders who have come to us; and for those who showed exemplary sense of ownership notwithstanding hierarchy - I feel a deep sense of gratitude. And for the 4 OGs without whom I may have never hit start - Bejul, Avnish, Michael, Ahti - deep respect and adulation. Go LimeRoad go, together with VMart as your partners. And as I pause, and prepare to drive again, I will be cheering for all of you.
Suchi Mukherjee commented on a post
7mo
Fabulous run Josh. Here's to the next adventure!!
Suchi Mukherjee commented on a post
10mo
This is a much needed discussion: an open-source thread on a "national roadmap to Vikshit Bharat" would be an accelerator.
I would bring Liveable Cities to the top of the list - any strategic win today needs exceptional talent, and for this cohort Indian top cities are not a natural choice. Imagine if this changed for the brilliant Indian minds trained across the world? (ps-part of the China innovation playbook worth learning from).
To the Ease of Business, I would add low friction government compliance - many notices served today to companies can be eliminated with built in intelligence that connects the dots, without waiting for companies to spend tons of time/fees to army of consultants to pull together explanatory notes.
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Suchi Mukherjee liked thisFresh off the boat from London, I found myself in an office tastefully ‘made in india’, replete with carved old doorways, brass lamps and marigold offerings to brass statues. In the midst of it sat a gorgeous large swing, swaying gently not forgetting the momentum from the person who had just vacated it. In this strong unmistakenly statement office, I first met Vani. She fit that scene with a seamlessness that stayed with me. I was learning about India, trying to form a view on my next gig. This was in 2011. Vani and I ended up not working together, but in the last nearly decade and half, she has always made time every time I have called. When LimeRoad was soaring, my questions would be ‘should I …’. During Covid, when LimeRoad’s sales went to zero, she sat cross-legged on a VC and we chatted for over an hour trying to make sense as reality shifted. One time I called, she said, ‘I am packing, but lets talk’. One time I needed an intro; her email said two words ‘Please connect’. No, let me check. One time I was on stage with her, packed with industry and government, someone asked me a tough, slightly snarky but absolutely fair question, she saw me stumble, and answered with that same directness. Yesterday I was reminded of that again. She has always made time. Which is rare. And she has made time in her own way. So to the early investor of 100+ companies/founders including Dream11(Harsh Jain), Myntra(Mukesh Bansal), Haptik(Aakrit Vaish) and YourStory Media (Shradha Sharma), huge respect! And for those of you who haven't seen her in action, this clip is quintessentially Vani Kola, thanks to Outlook Publishing (India) Pvt. Ltd. x Lumikai Fund x Spotify. Kalaari Capital
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