E-commerce sector has seen a huge boom and several entrepreneurs have managed to make a name for themselves in this buzzing economy. Rohit, Ankit and Adit are from the same crop of entrepreneurs, who at a young age have managed to not only jump on the startup bandwagon, but also build a formidable product. Rohit has a BE in information technology and has worked as a business technology analyst at Deloitte & Touche. Ankit has a BE in electrical and electronics engineering and has worked at JP Morgan as well as Deloitte. Adit also has formidable experience working at Fabulous fashions, Total sports Asia, and PriceWaterhouseCoopers.
Their latest venture, Grabstr is an app that provides users with daily deals at various popular restaurants across the city. Grabstr has paired up with a range of restaurants, which have ‘pop-up offers’ that offer anything from a certain percentage of your meal to a free drink.
Please provide a brief overview of your product/ service.
Grabstr is India’s first giveaway platform where every week the user gets a chance to win a product/service for absolutely FREE – no strings attached. We distribute free meals, free bears, free fashion merchandise, free electronics, free spa and salon vouchers, even free tickets to entertainment venues. One might find it hard to believe but giving away free stuff is our business model and not just a gimmick to lure customers in.
What inspired you to build the above product/ service?
We wanted to build something that youngsters our age would like to use. Rather than making a niche enterprise solution, we wanted a product that could connect with the average consumers and something our customers would love to use on a daily basis. Through Grabstr, we have created a system to which users can look forward to winning a new product/service every week and have managed to package it in a user-friendly and engaging format.
What is your life mantra?
Life mantra is “Jab mushkilein samne khadi ho toh sir jhukao aur kaam karo”. Made famous by the TVF pitchers, the simple life philosophy of continuing to work hard during hard times is something that all our parents taught when we were young yet forgot midway is what we believe can drive everyone through life.
What was the most challenging part of your journey till now?
Getting brands on-board the Grabstr concept and educating them how reaching out to a younger audience through Grabstr’s giveaway format is beneficial and more engaging.
How did you overcome those challenges?
We overcame the challenges by patience and perseverance, constantly pitching our idea and concept to brands and making them understand how they will benefit by winning over happy customers.
Share some details about the investments that you have been able to fetch for the business till now.
We are currently bootstrapped and our in the process of raising our first round of external funding.
How do you protect yourself from the problem of Brain Drain?
We are a small team right now and haven’t faced many of the big startups problems of attrition, but we believe the true allure of a startup is when all employees get a chance to work as entrepreneurs in their own domain. This means providing the maximum flexibility and creating an environment where everyone can put on their thinking caps and maximize creativity thereby benefiting the final product. This is the culture we are endeavoring to set up.
According to you, what are the three qualities an individual must have to achieve success?
Ambition, Hard Work, Perseverance.
Which online tools/ services/ apps do you use the most and would like to recommend as well?
Google Drive is very helpful for collaborative working. Asana for task management.
Share any one habit which you think makes you more productive.
Teamwork and open brainstorming. Regular communication and working together as a well-knit unit between Technology, Business and Marketing.
Answer in less than 50 words
Although we are too young to consider ourselves successful and share tips, we believe hard work and patience in any journey will lead to success.
- One mistake you believe every individual must avoid:
- One most important lesson that you have learnt till now:
Be ahead of the curve and keep innovating.
What are your plans for next 3 years?
Setting up a robust and engaging giveaway platform that can be enjoyed by citizens all over India and maximize our distribution of free stuff.
If you get a chance to start your career again what would you do differently this time?
Would start a business earlier in life.
What are your top three getaway destinations?
Beach, Mountains, Lake
Share a quote that inspires you the most.
“Move fast and break things. Unless you aren’t breaking stuff, you aren’t moving fast enough.”