Teardowns

Every teardown, one library.

In-depth breakdowns of how India’s consumer startups actually work — decoded into systems, tradeoffs, and reusable models. New teardowns as we publish them.

System Teardowns Growth Mechanics Unit Economics Operator Decisions
System Teardown · Unit Economics

Why quick commerce is a density business

Quick commerce looks like a delivery business. It isn’t — it’s a density business, and Blinkit’s own numbers prove it. Inside the dark-store economics, the speed-versus-inventory tradeoff, and what it costs brands to sell there.

₹6L → ₹10LGOV / store / day, as density rose
Read the Blinkit teardown →
Read the Blinkit teardown
System Teardown · Unit Economics

Zepto’s ₹5,905 crore question: what does buying speed cost?

While Blinkit won on density and discipline, Zepto bought speed and volume. A teardown of its unit economics, the advertising flywheel underneath the losses, and the density curve it’s chasing behind Blinkit.

−₹79 / orderadj. EBITDA loss · ₹1,636 Cr ad revenue
Read the Zepto teardown →
Read the Zepto teardown
In the pipeline

Teardowns in progress.

What we’re decoding next. Subscribe to get each one as it lands.

◦ Researching

Meesho & marketplace liquidity

Why marketplaces live or die on the balance of supply and demand.

◦ Researching

A D2C retention teardown

The mechanics that turn a first order into a compounding habit.

◦ Researching

The retail-media playbook

How consumer platforms turned advertising into their real margin engine.

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