welcome to the new world..a loss making company now has a mkt cap of 1 lakh crore ++
satte pe satta.. khelo india khelo..
Please note that
It is wrong to look down these companies as bad because they are Loss Making.....
Making losses is part of business model of these New Age Company ........
Their business model
Phase1: ..... is called Cash Burning Phase where Company burns Cash to acquire Customers/Market ......Get Critical Mass ..... by giving Unbelievable Offers (by making Losses)
Phase2: Strategize and Aim at making Behavioral Changes in Society so that people get ADDICTED (used to) their Services. Consolidate and make this addiction permanent.
Phase3 : Profit Making Phase by Capitalizing on their MOAT.
Reliance JIO, Amazon, Ola-Uber, PAYTM, Facebook, Tweeter, Google ........ all work on this business model.