IMO such businesses see India in 2 parts. Top 5% of population (7 cr) and balance 95% (133 cr)
The top 5% population earns 80-90% of GDP (don’t recollect where I read this). Cred also targets the top layer.
With further growth the clusters of top 5% might attract bigger players. Many Indians spend thousands of rupees to visit Disney/Universal studios across the world. If similar experience is available India people will pay.
Disc. Not invested.
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