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First Principles

First Principles

The Ken 62 Episodes Jul 20, 2026

First Principles is a weekly interview podcast featuring authentic, candid, and insightful conversations between some of India’s most accomplished founders and business leaders, and Rohin Dharmakumar, The Ken’s CEO & co-founder. Each episode delves into personal philosophies, mental models, decision-making frameworks, reading habits, parenting styles, and personal interests that make each leader unique.

Episodes

Fireside Ventures' Kanwal Singh on the consumer-brands bet nobody believed in, why "for a 5x, nobody will call you legendary," and on refusing the one-100x-outlier game
Fireside Ventures' Kanwal Singh on the consumer-brands bet nobody believed in, why "for a 5x, nobody will call you legendary," and on refusing the one-100x-outlier game Jul 20, 2026 3700 1 · SummaryPart 1 of 2. Kanwal Singh is the first venture capitalist to appear on First Principles, and the reason is the bet he made with the fund itself. In 2017, at the peak of the tech boom, he walked away from tech investing to raise a fund only for Indian consumer brands, when almost nobody believed India had a consumer story worth venture capital. His first backers weren't institut
Part 2: Saahil Goel of Shiprocket on wanting a paisa of every Indian transaction outside the marketplaces, who doesn't survive at Shiprocket, and still playing Pink Floyd on a Fender
Part 2: Saahil Goel of Shiprocket on wanting a paisa of every Indian transaction outside the marketplaces, who doesn't survive at Shiprocket, and still playing Pink Floyd on a Fender Jul 13, 2026 3715 Part 2 of 2. In Part 1 we walked the road from 2011 — three companies, an investor ultimatum, and the capital it took to build. Part 2 is the mind. Saahil Goel starts with what, given hindsight, he'd do differently, then the first principles he runs Shiprocket on (distribution beats product), the two or three metrics he genuinely obsesses over, his bet on applied AI, why he believes you c
Part 1: Saahil Goel of Shiprocket on rebuilding the same company three times,  the $4 million he was told to take or leave and why in India you sell outcomes, not software
Part 1: Saahil Goel of Shiprocket on rebuilding the same company three times,  the $4 million he was told to take or leave and why in India you sell outcomes, not software Jul 7, 2026 3921 Part 1 of 2. Most people date Shiprocket to 2017; in truth it was born in 2011, and the road there runs through two companies called KartRocket and Craftly. Saahil Goel walks Rohin through the build: Rs 15 lakh of their own money, nearly not being hired by their own first engineers, the hard lesson that in India you sell outcomes not software, an investor ultimatum to take $4 million or n
Part 2: Impresario's Riyaaz Amlani on digital landlords, doers & divas, and why delivery will never eat dine-in
Part 2: Impresario's Riyaaz Amlani on digital landlords, doers & divas, and why delivery will never eat dine-in Jun 22, 2026 3811 Part 2 moves from the journey to the operating philosophy. Riyaaz Amlani unpacks his evolving stance on the aggregators — from resistance to "uneasy truce" — and the hard lesson that restaurateurs who send guests to Zomato and Swiggy have only themselves to blame. He argues delivery and dine-in are two different businesses, lays out his ambition to turn Impresario into a full-service-rest
Part 1: Impresario's Riyaaz Amlani on Mocha, "Handmade," four near-deaths and 25 years of building places to be
Part 1: Impresario's Riyaaz Amlani on Mocha, "Handmade," four near-deaths and 25 years of building places to be Jun 15, 2026 3858 Part 1 of Rohin Dharmakumar's conversation with Riyaaz Amlani is the origin story: why a returning UCLA grad decided Bombay was missing "places to be," how Mocha became Social, and what it actually takes to keep a restaurant group alive for 25 years in the highest-mortality business there is. The shisha ban, the private-equity money that never arrived, COVID, the marble hustle at age six,
Part 2: Kuku’s Lal Chand Bisu on the Bathoth-to-Bandra arc, learning from iterations not books, and why nos beat yeses
Part 2: Kuku’s Lal Chand Bisu on the Bathoth-to-Bandra arc, learning from iterations not books, and why nos beat yeses May 4, 2026 4529 Part 2 picks up exactly where I left Bisu — on why a 7-year-old audio platform is releasing a theatrical film on May 8. From there, we go everywhere. Bisu's actual journey from a small village in Shekhawati to Bandra. The "full equation" view of metrics. Why saying no requires more work than saying yes. Why most of his learning comes from iterations, not books. And, in his closing answer,
Part 1: Kuku's Lal Chand Bisu on killing three products, ditching the free tier and charging Bharat ₹399 a year
Part 1: Kuku's Lal Chand Bisu on killing three products, ditching the free tier and charging Bharat ₹399 a year Apr 27, 2026 3842 Lal Chand Bisu started Kuku in audio in 2018. Almost everyone in the press wrote them off — the louder competitor was getting the headlines, the VCs didn't believe vernacular India would pay, and the assumption was that short-video would flatten audio. None of that aged well. Kuku FM did ₹242 Cr in FY25 at 175% YoY growth, with roughly 10 million paying subscribers. This is the conversati
Part 2: Curefoods' Ankit Nagori on why Indians only eat healthy Monday to Thursday, focusing on brand over scale, and what drives him now
Part 2: Curefoods' Ankit Nagori on why Indians only eat healthy Monday to Thursday, focusing on brand over scale, and what drives him now Mar 30, 2026 3796 Welcome back to First Principles. This is Part 2 of our full conversation with Ankit Nagori, founder and CEO of Curefoods. If you have not listened to Part 1, go back and start there.In this half, the conversation slows down a little and gets even more interesting. Ankit has strong opinions about why healthy food will always lose to biryani on a Friday night, what building a brand people
Part 1: Curefoods' Ankit Nagori on cold emailing his way into Flipkart, designing for talent density, and surviving a pandemic on 2 crores a month
Part 1: Curefoods' Ankit Nagori on cold emailing his way into Flipkart, designing for talent density, and surviving a pandemic on 2 crores a month Mar 23, 2026 3216 Welcome to First Principles. This is Part 1 of our full conversation with Ankit Nagori, founder and CEO of Curefoods.Ankit joined Flipkart as the 22nd employee after cold emailing its founders at a book fair with almost no relevant experience and within six years he was Chief Business Officer. He then co-founded Cult with Mukesh Bansal, built it into one of India's most recognised fitness
Part 2: Captain Fresh's Utham Gowda on seafood as the world's last unorganised trillion-dollar industry, why undervaluation is a founder's superpower and his “reverse career path”
Part 2: Captain Fresh's Utham Gowda on seafood as the world's last unorganised trillion-dollar industry, why undervaluation is a founder's superpower and his “reverse career path” Mar 2, 2026 3485 Welcome to First Principles! This is part 2 of episode 52, the full conversation.Rohin met Utham Gowda at Spacebot Studio in Indiranagar on a Tuesday afternoon. Utham was compact, measured, and precise in the way he spoke, like someone who has spent years learning when to talk and when to listen. What's striking was how quickly he opened up. Within the first half hour of the conversation,
Part 1: Captain Fresh's Utham Gowda on seafood as the world's last unorganised trillion-dollar industry, why undervaluation is a founder's superpower and his “reverse career path”
Part 1: Captain Fresh's Utham Gowda on seafood as the world's last unorganised trillion-dollar industry, why undervaluation is a founder's superpower and his “reverse career path” Feb 23, 2026 3988 Welcome to First Principles! This is part 1 of episode 52, the full conversation.Rohin met Utham Gowda at Spacebot Studio in Indiranagar on a Tuesday afternoon. Utham was compact, measured, and precise in the way he spoke, like someone who has spent years learning when to talk and when to listen. What's striking was how quickly he opened up. Within the first half hour of the conversation,
Part 2: Kalpana Morparia on the culture of dissent, the 90-day NYSE race, and why ambition requires self-redundancy
Part 2: Kalpana Morparia on the culture of dissent, the 90-day NYSE race, and why ambition requires self-redundancy Feb 9, 2026 3428 Hello, listeners, and welcome back to part 2 of the 51st episode of First Principles.Ms. Kalpana Morparia reached out to us via email after the bro-ification episode. It was the most pleasant surprise and we immediately knew we had to get her on the podcast.Here's someone who joined ICICI in 1975 as a lawyer, had absolutely no background in finance, and was then asked to run Treasury. She

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