Consumer
June 24, 2024

The Park+ Playbook for Early Stage Hires

Founded in 2019, Park+ drove through various challenges and introduced a plethora of services to find its footing today. However, it always had one clearly defined goal - to make car ownership easy and hassle-free. Park+ Founder and CEO Amit Lakhotia takes us through his interesting ways of building the team at Park+ in this episode of Matrix Moments.  

-Amit mentions how hiring when the startup is going from 0-to-1 is different as compared to when it's at 1-to-10 and why getting a good Talent Acquisition Head is essential for any startup.

-0-to-1: At this stage, a startup needs people who can deal with ambiguity and are naturally inclined toward solving problems.  

-1-to-10: This is the stage where a more disciplined team is required since the answers are already figured out.

-Amit has an interesting way of training leaders. He hires people with 4-8 years of experience to work in the founder's office for six months and understand how each department works. Later, they’re allocated to a specific department.

Amit says, “We are not going to randomly hire, we are not going to randomly fire.”

His conscious hiring method has helped find the right folks to bring on board. This has helped with solving new consumer problems, leading Park+ to offer services like issuing FASTag, car washing, parking, challan, and more.

If you’re a founder stepping into an untapped territory, this episode of Matrix Moments will provide you with meaningful insights.

For more information, write to us: namaste@Z47.com.
Stay connected with Z47.

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The Park+ Playbook for Early Stage Hires

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Founded in 2019, Park+ drove through various challenges and introduced a plethora of services to find its footing today. However, it always had one clearly defined goal - to make car ownership easy and hassle-free. Park+ Founder and CEO Amit Lakhotia takes us through his interesting ways of building the team at Park+ in this episode of Matrix Moments.  

-Amit mentions how hiring when the startup is going from 0-to-1 is different as compared to when it's at 1-to-10 and why getting a good Talent Acquisition Head is essential for any startup.

-0-to-1: At this stage, a startup needs people who can deal with ambiguity and are naturally inclined toward solving problems.  

-1-to-10: This is the stage where a more disciplined team is required since the answers are already figured out.

-Amit has an interesting way of training leaders. He hires people with 4-8 years of experience to work in the founder's office for six months and understand how each department works. Later, they’re allocated to a specific department.

Amit says, “We are not going to randomly hire, we are not going to randomly fire.”

His conscious hiring method has helped find the right folks to bring on board. This has helped with solving new consumer problems, leading Park+ to offer services like issuing FASTag, car washing, parking, challan, and more.

If you’re a founder stepping into an untapped territory, this episode of Matrix Moments will provide you with meaningful insights.

We are excited about the innovation and growth opportunities in this sector.

If you are considering building in the footwear space, we’d love to chat.
Drop us a line at consumer@matrixpartners.in

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Daily change • 1 Ju1 2025
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Index Performance

+28.1%
Since Jan 2024
NIFTY 500
+19.0%
Since Jan 2024

Z47^fortyseven is up +23.9% since its January 2024 base date, versus Nifty 500's +18.4%, ahead by 550 bps.

The cohort moved +4.7% over the month versus Nifty 500's +2.5%, leading by 220 bps.

Anchored in domestic demand and rising digital adoption, the cohort remained resilient amid global headwinds.

Consumer Tech was the best-performing sector at +9.2% last month, driven by sustained growth in consumer demand and strength in consumer-internet platforms.

Largest Constituents  ·  The Names That Anchor The Index

1.
Eternal
Quick-commerce leadership and continued investment
▲ +12.8%
2.
Groww
Broking market-share gains and margin-funding growth.
▲ +10.4%
3.
Lenskart
Store densification and margin expansion.
▲ +2.4%

Top Gainers  ·  Key Drivers

1 MONTH RETURN
1.
CarTrade
Auto-marketplace dominance and a cash-rich balance sheet.
▲ +59.4%
2.
 Amagi Media Labs
Profitability turnaround and AI-led cloud media adoption.
▲ +31.4%

Top Laggards  ·  Key Drivers

1 MONTH RETURN
1.
Fractal Analytics
Enterprise AI spending trends and post-listing share supply.
▼ -10.8%
2.
MedPlus Health
Pharmacy-margin pressure and competitive intensity.
▼ -6.6%

Key Themes  ·  Latest Results

In Q4FY26, Z47^fortyseven's cohort grew top line ~39% YoY, more than 3x the broad market's ~12% growth.

Operating leverage lifted net margins around 500 bps into positive territory, even as broad-market net margins remained roughly flat.

With 40 of 47 companies now profitable, the cohort reflects a broader shift toward profitable growth over growth at any cost.

AI adoption runs deeper across this cohort than in the broader market, with companies using it to drive growth and reshape demand, not just improve efficiency.

Cash generation is increasingly defining the winners, enabling market leaders like Eternal, CarTrade, and PB Fintech to fund acquisitions and expansion from their own balance sheets.

Market & Macro Context

The cohort saw several block deals this month, including sizeable stake sales in Lenskart, Delhivery, Honasa, and Shadowfax.

Ownership continues to shift from foreign investors to domestic institutions, creating a more durable shareholder base.

AI remained the defining technology investment theme, driving capital deployment across both private and public markets.

IPO Takeaway · Kissht

Listed May 2026

A modest listing pop followed by strong post-listing gains reinforced the market's preference for asset quality and disciplined underwriting over pure loan-book growth.

The listing helped reset perceptions around unsecured lending, creating a constructive valuation anchor for the issuers that follow.

The buyer mix was a notable positive — strong participation from long-only domestic institutions supporting a durable post-listing ownership base.

Net Read

Fundamentals continued to strengthen across the cohort, with growth, margins, and cash generation improving in tandem.

Performance dispersion widened, with profitability and earnings quality increasingly distinguishing the strongest performers from the rest.

Disclaimer

Z47^fortyseven is published for informational purposes only and does not constitute investment advice, or any offer, solicitation, or recommendation to buy or sell securities. Index performance is historical and should not be construed as indicative of future results.

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