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Can we put an end to the #FakeNews that Byju’s is raising $1bn at $22bn valuation!? 😓😓
Break the numbers shared below the headlines, and the beans spill out!
The truth 👇
Break the numbers shared below the headlines, and the beans spill out!
The truth 👇
$1bn is what Byju's is reportedly chasing. Though visibility in the media is all about $950m.
This sum can be broken down into 2 parts 👉
This sum can be broken down into 2 parts 👉
1️⃣ A 3yr $250m convertible debt from Davidson Kempner Capital Management (DKCM) which is not known to invest in startups, but in financially distressed companies against significant equity & big interest rates
Like it bought #Adani bonds when they had crashed after #hindenburg
Like it bought #Adani bonds when they had crashed after #hindenburg
Acquired by Mukesh Ambani in a hostile takeover, #Milkbasket is growing on steroids 🚀🚀
It’s growing in cities where no competition has reached yet, & that too without much upfront investment!
Here’s how 👇
It’s growing in cities where no competition has reached yet, & that too without much upfront investment!
Here’s how 👇
Founded in ’15, Milkbasket (MB) raised ~$40 million in its lifetime 💰💰
🔆 It would let people order till midnight & then deliver by 7am
🔆 By 2021, having grown to scale, it had burnt a lot of funds. Thus, the company was exploring sale to BigBasket, Swiggy or Amazon
🔆 It would let people order till midnight & then deliver by 7am
🔆 By 2021, having grown to scale, it had burnt a lot of funds. Thus, the company was exploring sale to BigBasket, Swiggy or Amazon
This was when Reliance Retail swung into action:
🔆 It got Vani Kola’s Kalaari Capital to sell its entire 15.26% stake to Mahendra Nahata at mere Rs 400cr valuation!
🔆 As Nahata a Director on Reliance Jio Infocomm’s board, it was clear who the real buyer was
🔆 It got Vani Kola’s Kalaari Capital to sell its entire 15.26% stake to Mahendra Nahata at mere Rs 400cr valuation!
🔆 As Nahata a Director on Reliance Jio Infocomm’s board, it was clear who the real buyer was
Byju’s. Ola. Oyo. Swiggy- Why have investors slashed their valuations like crazy? 📛📛
Why should this be taken seriously? And why were they valued so high before?
Here’s why these questions deserve more attention! 👇
Why should this be taken seriously? And why were they valued so high before?
Here’s why these questions deserve more attention! 👇
👉 @BYJUS
Before: $22.5bn
Now (As per Prosus): $5.9bn
Now(BlackRock): $11.5bn
Cut down twice.
👉 @Swiggy
Jan 22: $10.7bn
Now (Invesco): $5.5bn
Cut down twice.
👉 @Olacabs
Before: $7.4bn
Now (Vanguard): $4.8bn
Cut down thrice.
👉 @oyorooms
Before: $10bn
Now (Softbank): $2.7bn
Before: $22.5bn
Now (As per Prosus): $5.9bn
Now(BlackRock): $11.5bn
Cut down twice.
👉 @Swiggy
Jan 22: $10.7bn
Now (Invesco): $5.5bn
Cut down twice.
👉 @Olacabs
Before: $7.4bn
Now (Vanguard): $4.8bn
Cut down thrice.
👉 @oyorooms
Before: $10bn
Now (Softbank): $2.7bn
But, why should these be taken seriously?
🔆 SoftBank Group Corp. is $60bn Japanese tech giant operating 2 Vision Funds cumulatively holding startup assets worth ~$130bn
🔆 SoftBank Group Corp. is $60bn Japanese tech giant operating 2 Vision Funds cumulatively holding startup assets worth ~$130bn
Unlock the Vault: 🗝️
Hidden Tax Benefits for Indian Startups to Boost Growth 🇮🇳🚀
Namaste! 🙏
Many Indian startups overlook valuable tax benefits as per the Indian Income Tax Act and other relevant acts, leaving lakhs or even crores of rupees unclaimed. 💰📉
Hidden Tax Benefits for Indian Startups to Boost Growth 🇮🇳🚀
Namaste! 🙏
Many Indian startups overlook valuable tax benefits as per the Indian Income Tax Act and other relevant acts, leaving lakhs or even crores of rupees unclaimed. 💰📉
Example 1: R&D tax benefits (Section 35 of Income Tax Act) 🧪🔬
Innovative Indian startups can claim tax deductions for their research and development activities, allowing them to reinvest in their business and accelerate growth. 💡🚀
Innovative Indian startups can claim tax deductions for their research and development activities, allowing them to reinvest in their business and accelerate growth. 💡🚀
Example 2: Carry forward losses (Section 72 of Income Tax Act) 💼📈
Don't let initial business losses hold you back!
Carry forward those losses for up to 8 years to offset future profits, easing the burden during expansion and growth phases. 🌱📊
Don't let initial business losses hold you back!
Carry forward those losses for up to 8 years to offset future profits, easing the burden during expansion and growth phases. 🌱📊
As @Paytm released its Q4FY23 results yday, I dived into last 8-qtrs of its lending biz 💡💡
Here’s a breakdown of numbers that you won’t find all in one place anywhere else 👇
Tags: @vijayshekhar | #Paytm
Here’s a breakdown of numbers that you won’t find all in one place anywhere else 👇
Tags: @vijayshekhar | #Paytm
Paytm earns 2 things on each loan given.
💰 Commission (C): A %age of the loan amount
💰 Performance bonus (PB): A %age of the EMIs collected, only when the loan is paid back
💰 Commission (C): A %age of the loan amount
💰 Performance bonus (PB): A %age of the EMIs collected, only when the loan is paid back
I sliced & diced Delhivery’s biz & financial metrics for last 8yrs.
And what I learned is what every investor should know 👇👇
And what I learned is what every investor should know 👇👇
Sahil Barua led Delhivery’s journey can be divided into 3 phases:
1️⃣ From start to a year before IPO (Until FY21 end)
2️⃣ From then to the IPO, particularly FY22
3️⃣ Post IPO
1️⃣ From start to a year before IPO (Until FY21 end)
2️⃣ From then to the IPO, particularly FY22
3️⃣ Post IPO
It primarily earns from 5 separate businesses. Here is the wtd avg yearly rate at which they grew during the 1st phase:
🔰 Express Parcel: 54%
🔰 Partial Truck Load (PTL): 93%
🔰 Full Truck Load (FTL): 81%
🔰 Supply Chain Services (SCS): 52%
🔰 Cross Border Services (CBS): 18%
🔰 Express Parcel: 54%
🔰 Partial Truck Load (PTL): 93%
🔰 Full Truck Load (FTL): 81%
🔰 Supply Chain Services (SCS): 52%
🔰 Cross Border Services (CBS): 18%
Tech had always been HDFC Bank’s big weakness. And, @bhavintu led Zeta is set to change that forever! ✅
HDFC Bank’s apps & website have earned a serious reputation for bugs & recurring outages.
Here is all there is to know its Digital 2.0 project meant to solve this 👇
HDFC Bank’s apps & website have earned a serious reputation for bugs & recurring outages.
Here is all there is to know its Digital 2.0 project meant to solve this 👇
The project was meant to rebuild its consumer-facing tech 🤳🤳
For this, it brought in Zeta with the precondition, that it won't take any new project from another Indian bank for a set timeline.
But, what’s Zeta?
For this, it brought in Zeta with the precondition, that it won't take any new project from another Indian bank for a set timeline.
But, what’s Zeta?
It’s an 8-year-old banking tech startup that has previously worked with likes of RBL Bank, Axis Bank & IDFC FIRST Bank.
However, HDFC Bank’s mandate is Zeta’s most consequential project ever.
However, HDFC Bank’s mandate is Zeta’s most consequential project ever.
"More brands are starting to get that internet culture is important and meme culture is important. Meme literacy is important for their social media presence. It’s becoming less and less optional, depending on their level of engagement online." @DonCald greeneracresvaluenetwork.wordpress.com/2022/06/08/dai…
The Internet Encyclopedia of Memes - Cybernaut - Every
every.to/cybernaut/unpa…
#MemeLiteracy, #InternetCulture, #MarketingStrategy
every.to/cybernaut/unpa…
#MemeLiteracy, #InternetCulture, #MarketingStrategy
Floating solar power could help fight climate change — let's get it right
nature.com/articles/d4158…
#SolarPower, #ClimateChange, #FloatingSolarPanels
nature.com/articles/d4158…
#SolarPower, #ClimateChange, #FloatingSolarPanels
