As we move towards Lockdown 2.0 , I and my team would like to contribute at our level to business and social ventures working on solutions for COVID19 pandemic. #coronavirusinindia#covidindia#coronavirus
As WFH, what my team can accomplish is 1. Formation of new LLP/ Pvt Limited Company 2. Applying for Tax Exemption for NGOs/Trust working for social welfare. 3. Taking the Business to the Government through Startup Challenges. and other online Government Campaigns. #covidindia
4, Having the Project listed on startupclub.ikoverk.com which connects Entrepreneurs and Investors ( Use Coupon code STARTUP100 for Entrepreneurs and ANGEL100 if you are an Investor for 100% fee waiver )
It is said that the VALUE is in the eyes of the beholder so in the next 15 min, let me derive the VALUATION range for #Mamaearthipo with facts and figures.
A thread 🧵
#mamaearth became the 1st unicorn in 2022 with signs of profitability and is likely to be the 1st new age D2C Startup to have an IPO after audiotech brand #Boat withdrew its IPO plans earlier this year citing uncertain market; it is imp to understand the positioning of #Mamaearth
Although D2C Startups command a higher Valuation, approx 60% of the Sales of #mamaearth comes from third party e-commerce marketplace including Amazon, Flipkart and Nykaa
Honasa Balance Sheet shows huge Trade receivables of 141 Cr which shows that it is dependent on offline sales
In every MLM scheme, you need a Product to be marketed where the early participants gains whereas the last entrants lose money and are struck
In case of #Mamaearthipo , the "shampoo" is not the Product but the "Founders" are the Product.
Lets understand the Game!
A thread(1/n)
1. The Startup has raised $126 million ( 1000 Cr ) in 8 rounds to reach at the revenue of 920 Cr.
It is like paying you Rs. 100 to buy their product of Rs. 92
2. This game is for the Riches first wherein the early stage investors has to back the Startup to rope in more investors "but at higher Valuations" and it goes on while the Founders keep on paying ( burn cash) to make ppl buy their products to show growth #Mamaearth
Salient features of Code of Civil Procedures which every common citizens should know
A thread ( 1/n)
There are High Courts, District Courts and civil courts sub-ordinate thereto and Small Causes Court to which a Plaintiff can lodge his case (plaint) and the other party is called Defendent and the final decision is called DECREE which is formal expression of an adjudication.
Plaint is someone whose right is infringed and case is named "Plaintiff vs Defendent"
If case against Govt then "Plaintiff vs UOI or vs State"
The person in whose favour decision is passed will be called decree holder and other party is called judgement debtor.
Explore #Vincom Mega Mall Royal city or Vincom Mega Mall Smart city (has Kids Park for Rs. 500/-)
Spend time at lively Old Quarters Hanoi with nearly 40 streets and end the day with Coffee #TrainstreetHanoi
So here comes an "An Idea + flamboyant Founders who can Pitch + a legal entity" packaged as a Product wherein an existing investor is expected to recruit new investors at higher valuation.
New Age Investors are happy when their money is burnt with no resulting revenue growth because if there is enough revenue; to fund the expense means no need of follow-round