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High IQ: What Is Your IndiaQuotient?
IndiaQuotient
28 episodes
5 days ago
Ramblings with the IQ team about the India opportunity. While most cynics always look backward while evaluating India, and while most investors get it wrong stretching India to western income levels, we try to look at it from the lens of an entrepreneur who is 'Creating' the market.'
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Entrepreneurship
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All content for High IQ: What Is Your IndiaQuotient? is the property of IndiaQuotient and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Ramblings with the IQ team about the India opportunity. While most cynics always look backward while evaluating India, and while most investors get it wrong stretching India to western income levels, we try to look at it from the lens of an entrepreneur who is 'Creating' the market.'
Show more...
Entrepreneurship
Business
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Cracking ₹100 Cr ARR from Tier 2 & 3 India | Lokal’s Content, Classifieds & Digital Services Business (Ft. Jani Pasha & Vipul Chaudhary, Co-Founders of Lokal)
High IQ: What Is Your IndiaQuotient?
1 hour 2 minutes 42 seconds
6 months ago
Cracking ₹100 Cr ARR from Tier 2 & 3 India | Lokal’s Content, Classifieds & Digital Services Business (Ft. Jani Pasha & Vipul Chaudhary, Co-Founders of Lokal)

This episode is a masterclass in building for the Bharat consumer.

We sat down with Jani Pasha and Vipul Chaudhary, co-founders of Lokal, a content, classifieds, and digital services business for Tier 2 & 3 India doing:

  • ₹100Cr+ ARR,
  • growing 20% month on month, and
  • managing 30 apps with a tech team of ~25 people.

From starting as a hyperlocal content app to adding classifieds and now digital services (i.e., online legal & medical advice, emotional wellness, and astrology), Lokal is playing a key role in defining how India outside the metros accesses the internet.

If you're building for the next 500 million Indians coming online from Tier 2 & 3 towns, this one's a must-listen.

Tune in and let us know what you think!

Chapters:

00:00 – Coming Up: Why Lokal Is Winning in Tier 2 & 3 India

1:31 – Intro

2:36– The vision that shaped Lokal — and who it’s really for

4:06  – How digital services became the next step for a 6-year-old company

6:48 – The real problem: solving accessibility in small towns

7:07 – Why classifieds couldn’t scale on their own

8:18 – Lokal cracked what others couldn’t: here’s how

9:47– The Lokal model: simple, online, pay-per-minute

11:14 – Business Model: Is Lokal the Zomato or Uber of digital services?

12:44 – Why digital services work better when layered on classifieds

13:54 – User behavior from classifieds: what they’re learning from usage

16:19 – Why they’re building multiple apps (not one big super app)

17:31 – The content app: Lokal’s branding tool

20:47 – Matrimony in Tier 2+: one category, endless nuance 21:21 – Tier 2+ users do pay — if you get it right

23:25 – Why pay-per-minute pricing actually works here

25:04– What Lokal’s conversion rates and user spend tell us 26:31  – Power users in small towns 

28:43 – Lokal’s take: why “super app” thinking doesn’t fit Bharat

31:17 – Supply is the real challenge — here’s how Lokal is fixing it

33:59 – What Lokal service providers actually earn

34:34 – How Lokal fixes the “no response” problem 

35:50 – User behavior in Tier 2/3 is different

38:27 – Privacy challenges in matrimony 

39:38 – Matrimony success stories from Lokal

40:16 – Privacy across other verticals: legal, real estate & more

41:13 – Lokal’s take on AI: what’s coming next 

42:54 – Inside Lokal: team structure and how they work 50:19 – Scaling services: building around proven playbooks

52:39 – Rapid fire

53:03 – What’s one quirky, fun tradition the two of you have as founders? 

53:44 – What’s one truth very few people agree with you on?

54:12– Do you have 90-hour work weeks at Lokal?

55:40  – What’s the proudest moment at Lokal?

56:51 – What’s one thing you’ll never put in a pitch deck?  57:10 – What’s one app you just can't live without?

57:28 – What’s the most bizarre thing you’ve done for your startup?

58:12 – What’s the most memorable failure you’ve experienced?

58:52 – If you could go back to Lokal’s early days, what would you tell your past selves?

59:45 – Breaking news or breaking for lunch?

1:00:07 – Bangalore weekends or outside Bangalore?1:00:43– Cricket match or the DOU? 

1:01:09  – What’s the last number you see before sleeping?1:01:41 – Late-night debugging or late-night biryani runs? 1:02:18 – Closing

High IQ: What Is Your IndiaQuotient?
Ramblings with the IQ team about the India opportunity. While most cynics always look backward while evaluating India, and while most investors get it wrong stretching India to western income levels, we try to look at it from the lens of an entrepreneur who is 'Creating' the market.'