We are awaiting Insta Kart's first trade after pricing at the top of the range at 30 last night.

Indications now 42.

Our Durribosa sat down exclusively with the company's CEO for today's Tech Check.

I D.

Carl, so Instacarp Prides itself is really an enabler for grocery retailers and says that

competing with them would not help them in any way but what happens when the retailers

themselves decide to develop their own tech in-house or build out their own delivery

networks. Walmart is the country's largest grocer and it's doing exactly that so I

asked Fiji Simo what keeps them on the platform have a

listen. There's two things one is fundamentally we deliver incremental

customers you know these large gossers wouldn't be on our marketplace

if that wasn't the case.

And they know that by being on the Instacal marketplace,

they get to grow faster than the average of the industry.

That's incredibly important.

And then the second thing is that because of the scale we have,

we have better unit economics, better efficiency for delivery,

and we can pass on some of those efficiencies to those

grosses. And that's why scale matters so much in this business and that's why you're seeing

a lot of new entrants in this market lose a lot of money like we did at the beginning

you know it took us a hundred million orders to get to positive unit economics and so

fundamentally we are now at the scale where we have managed to create really big

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