Nykaa’s IPO – Overview
Not for the first time in 2021 and certainly not for the last, we witnessed the public market debut of a technology company provide stellar returns to investors. 2021 has been a year like no other for Indian equity markets, but what is noteworthy is that it has resulted in a convergence of private market […]
Investment Theme – Revenue Based Financing
At a time when the creation of unicorns and successful technology IPOs are becoming increasingly commonplace, we are beginning to see a revolution in another investment structure which equally deserves investor attention. This is ‘Revenue Based Financing’, an investment mechanism which allows for traditional growth start-ups to raise debt funding rather than rely on equity […]
Building future Business: India@100
Building future Business: India@100 “When we wanted capital, we did not get money” – Deepinder Goyal – Founder and CEO of Zomato $13 billion enterprise – poster boy of India@60 –Zomato was founded in 2008 “We focused on survival, for days, for weeks and some months – success tasted after years” – that was Sanjiv Bikhchandani, founder of […]
Evergrande weighs on Chinese debt markets, but global contagion limited
Evergrande weighs on Chinese debt markets, but global contagion limited Ever since Evergrande, China’s second largest property developer, announced that it missed its bond payments, the Chinese debt markets have been in a turmoil. Bond prices have slumped and its effect in the $5 trillion real estate sector is causing investors billions of dollars in […]
Investment Theme: Buy Now Pay Later
Buy Now Pay Later It is undoubtedly true that the Covid-19 pandemic has accelerated the existing trend towards digitisation in India with e-commerce now expected to grow by over 80% in the next four years. However, despite the growing dominance of e-commerce, the majority of customers continue to use cash as their primary means of […]
GDP Update
GDP Update First quarter GDP numbers, as released by the government, are quite encouraging and potentially set up a strong platform for growth to rise beyond pre-pandemic levels by FY23. The recovery in the Indian economy continues well with real GDP growing at 20.1% y-o-y in the first quarter despite the pandemic-related restrictions. This high […]
Regulatory Technology
Regulatory Technology With the acceleration in digitisation becoming a staple part of all investment themes, we are beginning to witness increased burden on the risk and compliance functions – especially in the financial services industry. Moreover, these companies are not only expected to swiftly adapt to these pressures, but also do it in a cost-effective […]
High Frequency Indicators
High Frequency Indicators (% YoY change)
5 myths busted; new age tech cos to account for 20% of m-cap by 2025: Gopal Srinivasan
“I have seen five myths about new age tech companies being busted in the last five weeks. I am looking forward to the next five years and expect 20% of the market to belong to tech companies in India by 2025. Other than that, SaaS companies will be the next big thing and account for […]
Three Decades of Economic Reforms
Three decades of economic reforms has unfolded a golden era for Indian capital-market and private-equity investors The past three decades have not been without its ups and downs, but it belongs squarely to India. Indeed, India’s economic revival owes its roots to the reforms of 1991. After struggling with a dire balance of payments situation, the Indian government ushered in urgent and bold […]