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Startup founder once earning Rs 20 lakh a day reveals how he lost business to Amazon
Founder of Grapevine, Saumil Tripathi, revealed how his home organizer business, once generating ₹20 lakh daily, nearly collapsed due to Amazon's competition. After rejecting an acquisition offer, Amazon's private label Solimo emerged as a cheaper rival, causing a significant revenue drop. Tripathi's experience serves as a cautionary tale about the challenges of competing with major online platforms.
Founder of Grapevine, Saumil Tripathi, revealed how his home organizer business, once generating ₹20 lakh daily, nearly collapsed due to Amazon's competition. After rejecting an acquisition offer, Amazon's private label Solimo emerged as a cheaper rival, causing a significant revenue drop. Tripathi's experience serves as a cautionary tale about the challenges of competing with major online platforms.
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