Nepal's Online Marketplace, Built for Everyone | PRABAL SAAKHA | Hamrobazar | NGC 2021

Summary

Mr. Prabhul Sakha, the founder of Hamro Bazaar, Nepal’s largest classified platform for buying and selling used and new products, shares his inspiring journey. Despite facing numerous failures, he emphasizes the importance of perseverance and mental readiness in achieving success. He also discusses the evolution of Hamro Bazaar, its future plans, and the potential for platforms like Craigslist and eBay to thrive in Nepal. With his focus on continuous change and adaptation, Sakha reflects on the importance of innovation in driving success in today’s ever-changing world.

Takeaways

• 😀 The speaker, Mr. Prabhul Sakha, is the founder of Hamro Bazaar, Nepal's largest classified platform for buying and selling new and used products.
• 😀 Mr. Sakha is also the director of Saka Group, which has investments in various industries, including steel, paint, and pharmaceuticals.
• 😀 The speaker emphasizes that failure is a part of the journey and that one must get up and move forward despite repeated failures.
• 😀 Mr. Sakha believes that success is a continual process, and even after achieving one milestone, success remains further away.
• 😀 The speaker expresses the importance of not giving up, as giving up itself is considered the ultimate failure.
• 😀 Hamro Bazaar, inspired by platforms like Craigslist and eBay, aims to create a similar classified platform in Nepal.
• 😀 The company aims to improve user retention and impressions in its long-term strategy.
• 😀 Mr. Sakha discusses the future potential of Hamro Bazaar and its plans to evolve over the coming years.
• 😀 Change is a central theme in the speaker's message, as he reflects on how nothing in life is permanent except change itself.
• 😀 The speech underscores the importance of resilience and adaptability in business and life, particularly in a fast-changing environment.
• 😀 The speaker concludes with a hopeful note, mentioning that future plans for Hamro Bazaar will be revealed soon.

Q & A

Who is Mr. Prabhul Sakha?

Mr. Prabhul Sakha is the founder of Hamro Bazaar, Nepal's largest classified platform for buying and selling new and used products. He is also the director of Saka Group, which has investments in industries such as steel, paint, and pharmaceuticals.

What is the significance of Hamro Bazaar in Nepal?

Hamro Bazaar is significant as Nepal's largest classified platform, catering to the local market's needs for buying and selling both new and used products. It plays a vital role in connecting buyers and sellers across the country, similar to platforms like Craigslist and eBay in other parts of the world.

What is Mr. Sakha's view on failure?

Mr. Sakha views failure as a normal part of the journey to success. He emphasizes that failure after failure should not be seen as an end, but rather as an opportunity to rise and move forward. Giving up is the true failure.

What does Mr. Sakha believe is essential for business success?

Mr. Sakha believes that resilience and perseverance are essential for business success. He advocates for learning from failures and continuously moving forward, as true success is always just out of reach and requires constant effort.

What did Mr. Sakha mention about the future of Hamro Bazaar?

Mr. Sakha briefly touched on the future of Hamro Bazaar, noting that the platform is set for further development and growth. Future plans include enhancing the platform’s features to better cater to the needs of users and expand its impact.

How does Mr. Sakha relate the concept of change to life and business?

Mr. Sakha highlights the inevitability of change, stating that 'nothing is permanent except change.' This philosophy underscores the need for businesses to adapt to the ever-changing market conditions and embrace transformation to succeed.

What role does Hamro Bazaar play in Nepal's economy?

Hamro Bazaar plays a significant role in Nepal's economy by offering a platform for local commerce, allowing individuals and businesses to buy and sell goods efficiently. It contributes to the digital economy and promotes entrepreneurship and the growth of the online marketplace.

How does Hamro Bazaar compare to international platforms like Craigslist and eBay?

Hamro Bazaar is similar to international platforms like Craigslist and eBay in terms of offering a classified marketplace. However, it is specifically tailored to the Nepali market, addressing local needs and challenges while providing a user-friendly platform for buying and selling a wide variety of products.

What is the key takeaway from Mr. Sakha's speech on failure?

The key takeaway from Mr. Sakha's speech is that failure is a stepping stone to success, and the most important aspect is not giving up. Perseverance, learning from setbacks, and continuing to strive toward one’s goals is crucial for success.

What does Mr. Sakha mean by 'success is further away from you'?

By saying 'success is further away from you,' Mr. Sakha means that success is an ongoing pursuit. As you achieve one goal, there will always be new challenges and higher aspirations, meaning that success is never truly 'complete'—it requires continuous effort and progress.