Business Manager - New Products
Job Requirement - Business Manager - New Products
What is Lokal
We are Lokal, India's premier hyperlocal platform, offering services in various Indian languages. We focus on developing world-class products for non-English speakers across India by delivering local information, classified ads, and continually evolving to include new and significant use cases every day. We operate in several states including Andhra Pradesh, Telangana, Tamil Nadu, Kerala, Karnataka, Maharashtra, Gujarat, and are proud to have amassed over 45 million downloads to date.
Headquartered in Bengaluru, Lokal was founded in 2018 by Jani and Vipul, both distinguished IIT alumni recognised in Forbes 30 under 30 Asia 2020. As a Series B funded startup, we have garnered support from top-tier investors such as the Sony Innovation Fund, YCombinator, 3one4 Capital, India Quotient, and Global Brain. Our mission is driven by a commitment to innovation and a deep dedication to effectively serving our users.
We are being heard: Inc 42, Forbes, Economic Times
About Business Manager - New Products role:
We're looking for a talented individual for the role of Business Manager to finalize the next monetizable use case, build supply from scratch to launch the product in market and be responsible for revenue and PnL for this business in long term.
Key Responsibilities:
Market sizing, aggressive experimentation and thought experiments to figure out the monetizable use cases and launch strategy
Figure out operations and supply strategy, build supply from scratch
Making revenue projections and tracking Gross Margin, costs closely
Pricing, discounts and Initiatives for revenue maximization, costs reduction
Requirements:
Minimum 1 year of experience in Founders office, EIR
roles(Entrepreneur in Residence), product management, consulting, strategy
Has to be good with data(data retrieval and analysis)
Startup experience is an add on
B.Tech or MBA from Tier I colleges is good to have
Speaking, understanding and reading proficiency in Telugu or Tamil
What We Offer:
Opportunity to shape the business strategy of a fast-growing product
Competitive salary and equity package
Work with an extremely passionate, ambitious and super skilled team
Opportunity to grow multiple times in exposure and experience in a short period of time
We are not the best fit for you if:
You are satisfied with where you are in life and do not want to push to learn/grow further
You are fundamentally risk-averse
You like working in a structured environment or being explicitly told what to do at every step and not okay with non deterministic outcomes
You are looking for fixed working hours and not comfortable with a challenging line of work
We will the best fit if you have the following qualities
Ownership - Complete ownership of the problem statement, arriving at the right solutioning with data driven or well weighed insights and driving the execution
Growth mindset - ability to take up bigger, increasing responsibilities as the product grows
Proceeding with a no bias approach - Hunches and intuition based decisions are also fine but should be well weighed and called out.
Some clarifying questions
Is this role for lokal app?
No, this is for a new app which has not been launched yet in the market. We would expect the Business Manager to work with the current team and hiring manager to launch the product in the market.
Is this a Product Manager role?
No, although we are looking for PMs, consultants as background. This is a Business Manager role. You will be working on market sizing, building the supply from scratch in the beginning and on revenue projections, revenue maximization initiatives, PnL and gross margins once the product is launched.
