Madhav Chanchani @madhavchanchani Twitter profile

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Madhav Chanchani

7 days

📢 #BigReveal What defines a high-growth company? This question was a starting point for @AditiS90 and me in 2023, as we conceptualised our new-media venture, @thearc_hq Beyond its formal structure, every company is a narrative shaped by its team, business model, financial

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Madhav Chanchani

@madhavchanchani

2 years

Byju's fees to the auditor (Deloitte) increased to Rs 5.8 crore for FY21 from Rs 1.75 crore in FY20 -- a 300% jump The reason given is additional efforts due "to material weaknesses observed in internal controls" Guess Deloitte is getting paid for overtime😀

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Madhav Chanchani

@madhavchanchani

3 years

The first entry price for investors in Freshworks Accel - Series A in 2011 - $0.05 a share Tiger Global - Series B in 2012 - $0.14 a share CapitalG - Series D in 2014 - $1.01 a share Sequoia Capital - Series F in 2016 - $3.16 a share IPO share price - $36

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Madhav Chanchani

@madhavchanchani

12 days

🚨 Nandan Nilekani says that India’s path in AI (artificial intelligence) is different. Indian startups have to focus on applications and use cases rather than building the biggest large language models (LLMs) like Silicon Valley startups. “Let those people with capital, and

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Madhav Chanchani

@madhavchanchani

4 years

So PUBG is published & distributed in India by China's Tencent With its ban, Free Fire, which was already giving it a tough fight is likely to gain more users Free Fire is owned by Singapore-based Garena/SEA Ltd, also listed on NYSE It's biggest shareholder? Tencent :)

Madhav Chanchani

@madhavchanchani

4 years

No more chicken dinners 😂

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Madhav Chanchani

@madhavchanchani

3 years

After 7 years at The Times of India and The Economic Times, excited to build a NEW platform for objective news analysis and in-depth features on India's fast growing digital economy, entrepreneurship ecosystem and startups with @YourStoryCo @SharmaShradha

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Madhav Chanchani

@madhavchanchani

2 months

June 2022: Zomato acquired Blinkit for $569 mn in stock, diluting close to a 7% stake. Market cap slips to $5 bn, 35% below IPO price. April 2024: Zomato's market cap crosses $20 bn. Goldman Sachs has pegged Blinkit's valuation at $8 bn, about 40% of Zomato's market cap.

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Madhav Chanchani

@madhavchanchani

5 years

WORK UPDATE: After 5 excellent years at The Economic Times, I am moving to The Times of India where I will lead the coverage of the internet economy & entrepreneurship. Will also be starting again on corporate finance beat - M&A, I-banking, PE - under the tutelage of @drinkcircle

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Madhav Chanchani

@madhavchanchani

2 years

BIG!! PayU (owned by Prosus) has called off its $4.7 billion acquisition of Billdesk

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Madhav Chanchani

@madhavchanchani

1 year

🚨 Big news in the VC world! Sequoia Capital is spinning off its India+Southeast Asia and China business India unit is now called Peak XV Partners Peak XV was the original name given to Mount Everest

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Madhav Chanchani

@madhavchanchani

9 months

🚨 Titan set to acquire the remaining 27% stake held by founder Mithun Sacheti in Caratlane for Rs 4,621 crore Values Caratlane at Rs 17,000 crore or about $2 billion Biggest founder liquidity event in tech after Flipkart-Walmart deal

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Madhav Chanchani

@madhavchanchani

2 years

Seems like Zomato has slipped below its last private market valuation of $5.4 bn before the IPO. Shares fell by over 7% today Privately held Swiggy is nearly double at $10.7 bn after it raised financing in January What a reversal from last year...

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Madhav Chanchani

@madhavchanchani

4 years

Unacademy is announcing that 60% of its 1000 people workforce will work from home permanently even after Covid-19 lockdown is over. Backed by Facebook and Sequoia, the rule applies to sales, operations and support teams. Will need to go to office 2-4 times a month for meetings

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Madhav Chanchani

@madhavchanchani

4 years

So the four Indian origin CEOs now manage tech companies together worth ~ $2.6 trillion Microsoft ($1.32 trillion) + Alphabet/Google ($1 trillion) + Adobe ($174 billion) + IBM ($121 billion) MORE THAN India's Total Stock Market Capitalisation at Peak = $2.45 trillion in 2018

Madhav Chanchani

@madhavchanchani

4 years

IIT-Kanpur electrical engineer Arvind Krishna to take over as IBM CEO Ginni Rometty is stepping down. Krishna will be fourth major India origin CEO of tech giant after Google's Sundar Pichai, Microsoft's Satya Nadella and Adobe's Shantanu Narayen

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Madhav Chanchani

@madhavchanchani

1 month

Battling the heat wave #bangaloresummer

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Madhav Chanchani

@madhavchanchani

1 year

🚨 BlackRock cuts Byju’s valuation to $8.4 billion now That is a 62% fall from the $22 billion valuation at which it last raised external funding

BlackRock shocks Byju’s again, slices valuation to $8.4 bn | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

11 months

33% of Google's search queries in India are voice In the US, it is just 3-4%

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Madhav Chanchani

@madhavchanchani

1 year

Apple CEO Tim Cook & other execs mentioned India 20 times on the earnings call on Thursday "I really feel that India is at a tipping point" Apple posted record sales of $6 bn in India for the year ending March But its global sales fell 2.5% to $94.84 bn in the April quarter

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Madhav Chanchani

@madhavchanchani

1 year

💵Sequoia Capital invested Rs 60 cr in Go Fashion in 2014 Now it has completely exited, making Rs 1,370 cr 💰 Return multiple in INR: 23 times Return multiple in USD: 17 times

Peak XV exits Go Fashion with 17 times returns | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

2 years

Amazon Web Services - the cloud division of Jeff Bezos-owned co - has crossed the $1 bn revenue mark from Indian customers in FY22 This is among the several important data points as we sifted through the filings of over a dozen entities which run Amazon India

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Madhav Chanchani

@madhavchanchani

3 years

Perhaps the most ambitious deal by a startup 7 year old Pharmeasy to acquire 66% in 26 year old Thyrocare for Rs 4,546 crore from promoter group led by Dr Velumani And make an open offer to buy another 26% for Rs 1,788 crore That's a total of over Rs 6300 crore

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Madhav Chanchani

@madhavchanchani

2 years

Zomato says to acquire Blinkit (earlier Grofers) by issuing shares worth Rs 4,447 crore or $570 million Blinkit has raised a total of $670 million in equity till now So, preliminary math says it is being acquired for less or just about the cash it has raised since 2015

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Madhav Chanchani

@madhavchanchani

1 year

As PhonePe shifts back its domicile from Singapore to India, several other fintechs are also closely tracking the move - potentially looking to replicate it But what is worrying these companies and their investors is PhonePe's massive tax bill of $1.2 billion💵

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Madhav Chanchani

@madhavchanchani

3 years

Happy to announce the new platform that we have been working on - The CapTable () - to give you objective, incisive, fact-based news and analysis on India’s most significant tech and internet companies and the people behind them. Follow us @thecaptableco

The CapTable - India Technology, Startups, Digital News & Analysis

The CapTable is a subscription-based publication focused on delivering objective, incisive, fact-based news and analysis on India’s most significant technology and internet companies, startups and...

the-captable.com

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Madhav Chanchani

@madhavchanchani

1 year

🐅Tiger Global is in the process of selling its remaining stake in Flipkart If the deal goes through, it will take the total haul to about $5 billion on a $1 billion investment 💰

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Madhav Chanchani

@madhavchanchani

5 years

Biggest VC exit after Flipkart in India Lightspeed - to make about $1 bn $28 mn invested. Over 35x returns Sequoia - to make $500 mn on $25 million invested. Over 20x returns Both will continue to hold about 4-5% stake in Oyo which will be worth another $1 bn collectively

Madhav Chanchani

@madhavchanchani

5 years

Oyo founder Ritesh Agarwal to triple stake in the co to over 30% by spending $2.2 bn in a leveraged deal which includes $700 mn primary + $1.5 billion secondary purchase from Sequoia and Lightspeed. Deal to value co at $10 bn, as TOI reported last month

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Madhav Chanchani

@madhavchanchani

3 years

Former Coinbase CTO @balajis tells @aditis90 @pratikbhakta89 that if India bans crypto currencies, it would not only lose out on a significant financial opportunity (trillion dollars!) but also see a flight of people to places that allow it @thecaptableco

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Madhav Chanchani

@madhavchanchani

5 years

Google buys Fitbit for $2.1 billion

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Madhav Chanchani

@madhavchanchani

1 year

2016: Jeff Bezos announced Amazon will invest $5 billion in India in the middle of an e-commerce battle with Flipkart 🛍️ 2023: Amazon, now under new CEO Andy Jassy, announced it will invest $16.4 billion by 2030 to scale cloud business in India ☁️ What changed in 7 years? 🧵

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Madhav Chanchani

@madhavchanchani

11 months

Softbank Vision Fund CEO Rajeev Misra floated his own firm last year - One Investment Management New firm’s debut deal in India is a $50 mn loan to Shapoorji Pallonji Debt to a 150+ year conglomerate in construction, real estate is as anti-Vision Fund thesis as you can get 🤔

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Madhav Chanchani

@madhavchanchani

8 months

🚨 Dream11's solution for 28% GST for customers - award them with discount points. The firm has mailed customers saying if you add ₹100, you will be able to join one or more contests using the full ₹100. How the math works out 👇

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Madhav Chanchani

@madhavchanchani

2 years

Dunzo took 8 years to reach a $775 mn valuation But Zepto got valued at $900 mn after a little over a year But the two startups focused on quick commerce space could not have had more different paths to reach where they are This gets clearly reflected in their Org Charts

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Madhav Chanchani

@madhavchanchani

3 years

At Rs 64,365 cr ($8.6 bn+) at the upper-end Zomato will be more valuable than the combined value of 👇 Jubilant (Domino's - Rs 41,200 cr) Burger King India (Rs 6,700 cr) Westlife (McDonald's - Rs 8,500 cr) BBQ Nation (Rs 3,500 cr) Specialty Rest (Rs 350 cr) = Rs 60,250 cr

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Madhav Chanchani

@madhavchanchani

4 years

One person standing in a line outside a tony Indiranagar liquor store flagged a Swiggy delivery boy. He had ordered a Subway sandwich - from a friend standing in the line 😂 @peakbengaluru

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Madhav Chanchani

@madhavchanchani

5 years

Last week Byju's became India's fifth most valued private internet company after Flipkart, Paytm, Ola & Oyo. I look at three reasons why Byju’s different from other internet unicorns - promoter shareholding, profitability, and missing Softbank

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Madhav Chanchani

@madhavchanchani

4 years

3 reasons why Byju's-Whitehat Jr is an unprecedented deal & as close to Silicon Valley exit as it gets 1) Of the $300 mn, estimates suggest $120-150 mn will go the founder since ownership is pegged between 40-50%. This is because startup is just 20 month old, raised only $11 mn

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Madhav Chanchani

@madhavchanchani

2 years

Limeroad -- which raised about $52 million in venture funding -- acquired for Rs 32 crore (about $4 million) by value retailer V Mart

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Madhav Chanchani

@madhavchanchani

4 years

Zomato CEO @deepigoyal tells employees the company has started preparations to go for an IPO in the first half of 2021 More interestingly, it is the process of closing $30 mn (~Rs 220 crore) of share sale for ex-employees. This is a very significant liquidity generation

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Madhav Chanchani

@madhavchanchani

4 years

That's big 👇 Byju's to generate more than $1 billion in revenue this year from India itself and take home profits between $150 million to $180 million

Indian decacorn Byju's CEO talks about future acquisitions, coronavirus and international expansion...

Since India enforced a lockdown across the country in late March, shutting schools and other public places, Bangalore-headquartered startup Byju’s has

techcrunch.com

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Madhav Chanchani

@madhavchanchani

11 months

🚨 Pharmeasy to become the first major Unicorn to go for a massive down round Valuation pegged at $500-750 million according to multiple reports in ET and Moneycontrol Pharmeasy has raised a total of $1.6 billion in funding

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Madhav Chanchani

@madhavchanchani

4 years

Sachin Bansal committing nearly his entire Flipkart fortune to build a finserv ecosystem including a bank license Behind it is the unfinished business of creating a $100 bn digital company from India. We take a look at Bansal’s plans @digbijaymishra1

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Madhav Chanchani

@madhavchanchani

2 years

Sequoia Capital has come out with a statement saying the startup ecosystem overall needs to "sign up for better governance" This comes after several of its portfolio companies (BharatPe, Zilingo & Trell) have been under investigation

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Madhav Chanchani

@madhavchanchani

1 month

Good to see that WestBridge Capital - which we know as an investor in Star Health and Third Wave - is also a sponsor for Gukesh ♟️ Much needed for sports like chess!

Mike Klein

@ChessMike

1 month

Teenagers these days

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Madhav Chanchani

@madhavchanchani

5 years

What India Inc has to say about the victory of @narendramodi . HDFC's Deepak Parekh says industry needs impetus and liquidity as economy slows, TVS Motors' V Srinivasan wants better ease of doing business and Paytm's @vijayshekhar sees consistency of policy, start of a golden era

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Madhav Chanchani

@madhavchanchani

3 months

This is brutal, pegs Paytm's valuation to just about $2 billion. And Paytm has over $1 billion in cash

Manish Singh

@refsrc

3 months

Macquarie cuts Paytm to 275.

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Madhav Chanchani

@madhavchanchani

4 years

Twitter CEO Jack Dorsey emailed employees on Tuesday telling them that they’d be allowed to work from home permanently, even after the coronavirus pandemic lockdown passes

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Madhav Chanchani

@madhavchanchani

3 years

Bangalore companies have NASDAQ dreams :)

Harsh Upadhyay

@upadhyay_harsh1

3 years

Interesting trend: The first 3 IPOs will be of NCR companies and not Bengaluru in the startup space => Zomato, Mobikwik, Paytm Upcoming: PolicyBazaar, Delhivery => Mumbai will be the next ▪️CarTrade ▪️Nykaa ▪️PharmEasy

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Madhav Chanchani

@madhavchanchani

11 months

🚨 Lenskart has raised a total of $600 mn this year from Abu Dhabi Investment Authority & ChrysCapital But out of that, about $450 mn is a secondary exit for investors like Softbank and PremjiInvest 💰 Biggest liquidity event amid funding winter

Lenskart secures $600 mn in largely secondary round | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

1 year

🚨⚡️ ANNOUNCEMENT I can finally reveal what’s been keeping me up… Super excited to introduce The Arc 🚀 @AditiS90 and I have been working on the platform for the last two months.

The Arc

@thearc_hq

1 year

Hello, world! We are The Arc. Your new go-to platform for understanding how influential tech businesses are remaking India’s economy.

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Madhav Chanchani

@madhavchanchani

1 year

Cred wants to breakeven by March 2024 - It has set a revenue run rate target of $350 million by next year. - It is cutting costs to bring down the burn rate. - We also cover what happened with Happay.

Cred looks to break even with $350-mn run rate, cost cuts | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

2 months

US judge has ordered the arrest of William Morton, the manager of the Florida hedge fund where Byju’s parked its cash! Judge has also ordered Morton to pay $10,000 daily fine till he reveals the location of the money, according to Bloomberg

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Madhav Chanchani

@madhavchanchani

4 years

Prosus, one of the biggest backers of Indian internet companies like Swiggy, Byju's and Payu, said it is committing Rs 100 crore to PM Cares Fund to fight Covid-19 First big direct contribution by a PE or VC firm?

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Madhav Chanchani

@madhavchanchani

11 months

We just published our 100th article @thearc_hq 🎉 And also finished 50 days since we launched 🚀 Time flies when you are doing what you love with a dream team cc @AditiS90 @HarshVR_

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Madhav Chanchani

@madhavchanchani

11 months

✈️ Adani - India's largest operator of private airports - has entered into railway ticket booking by acquiring Trainman 🚆 💰 Deal size not disclosed. Trainman was last valued at Rs 80 crore

Adani makes second online travel bet, buys Trainman | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

5 years

Damn...even Twitter news algos have to catch up with #Maharashtrapolitics

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Madhav Chanchani

@madhavchanchani

3 years

At $36, both Accel & Tiger Global have shares worth over $2.3 bn Sequoia Capital has shares worth over $1.1 bn Girish Mathrubootham - $600 mn That's the shareholding pattern before the IPO from @thecaptableco article -

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Madhav Chanchani

@madhavchanchani

4 years

Marriot CEO says business down 75% across markets globally. Worst quarter during other downturns was 25% fall in biz. Says won't take salary for a year and executive team will take 50% cut Nearly tears up towards the end. Remarkable way to communicate...hope our CEOs take a cue

Marriott International

@MarriottIntl

4 years

A message to Marriott International associates from President and CEO Arne Sorenson.

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Madhav Chanchani

@madhavchanchani

1 year

Woah! SoftBank’s stake in Alibaba now at just 3.8% from 34% at its peak Softbank has sold about $7.2 billion worth of Alibaba shares this year through prepaid forward contracts, after a record $29 billion selldown last year, according to Financial Times

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Madhav Chanchani

@madhavchanchani

3 years

Zomato anchor book includes 186 funds which have invested Rs 4,197 cr. That's about 45% of the total Rs 9,375 cr issue Tiger Global, Kora, Mirae, Fidelity & Steadview - which backed Zomato as a private co last year - are investing more through their public market units in IPO

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Madhav Chanchani

@madhavchanchani

1 month

🚨 Boat is having a rough time Revenues fell by 20% to Rs 436 crore in the October-December quarter during the crucial festive season sale This comes as the company - co-founded by Shark Tank judge Aman Gupta - also saw a massive customer data breach

Aman Gupta’s Boat sees 20% drop in quarterly revenue | The Arc

Boat had an underwhelming three months from October to December 2023

thearcweb.com

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Madhav Chanchani

@madhavchanchani

4 years

This is probably best returns compared to any fintech investment in India Carlyle buys 26% in SBI Cards at valuation of about Rs 8000 cr in 2017 In two years the its going public at a valuation of over Rs 53,000 cr and Rs 65,000 cr on the upper end

Carlyle Group set to make bumper profit from SBI Cards IPO

SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), aims to raise roughly 90 billion rupees ($1.25 billion) in an initial public offering, according to a source familiar...

www.reuters.com

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Madhav Chanchani

@madhavchanchani

4 months

🚨 Byju's investors call for an EGM to remove founder Byju Raveendran and change the board "We are deeply concerned about the future stability of the Company under its current leadership and with the current constitution of the Board" Statement from major investors 👇

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Madhav Chanchani

@madhavchanchani

3 years

Nykaa IPO subscribed over 73 times That's bids over $50 billion worth of shares for a $714 million issue That's more than $46 billion demand for Zomato IPO, which was also a bigger issue at about $1.2 billion

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Madhav Chanchani

@madhavchanchani

9 days

Interesting data Quick commerce contribution in the online sales of FMCG majors like HUL, Dabur and Parle has doubled FY23 - 15-18% FY24 - 35% Overall, online sales contribute about 7-10% of the overall sales. And growing 2-3 times the offline sales

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Madhav Chanchani

@madhavchanchani

4 years

Interesting data from the Info Edge filing on April collections across its online classifieds platforms - Job portal Naukri down by 54% year on year - Real estate portal 99acres down 86% year on year - Matrimonial portal Jeevansaathi up 11% year on year 👇

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Madhav Chanchani

@madhavchanchani

5 years

PUBG has become a phenomenon in India over the last two years. I look at some numbers and business behind it 10-15 mn DAUs in India, more than most e-commerce apps In-app sales for PUBG raked in over Rs 50 cr in July, used to buy "skins" for characters

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Madhav Chanchani

@madhavchanchani

10 months

Namita Thapar accounts for about 40% of the total Rs 17.15 crore invested by 🦈 on Shark Tank India Season 1, according to Privatecircle Research

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Madhav Chanchani

@madhavchanchani

5 years

Happy Diwali Everyone ! Wishing all investors get Unicorns which are cash flow positive For founders, ability to cut burn by X% and still grow at 2X% in their preferred metrics To fellow reporters, may we all get tonnes of scoops while this transition happens 😀

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Madhav Chanchani

@madhavchanchani

6 years

Also the current worth of Flipkart’s ESOP pool stands at a staggering $1.55 billion, according to the filings. Walmart is expected to buy shares from employees worth over $800 million. That will be massive wealth generation

Madhav Chanchani

@madhavchanchani

6 years

Newsbreak today with @VarshaBansalET - - > Flipkart’s minority stakeholder Tencent has the first right to purchase any shares in the event any stakeholder in the e-tailer plans to sell them to rival Chinese internet giant Alibaba, as per the agreement

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Madhav Chanchani

@madhavchanchani

14 days

Zomato shares hit a new high of Rs 205 before the earnings on Monday That's a market cap of close to $22 billion now. Up over 200% in the last 12 months

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Madhav Chanchani

@madhavchanchani

3 years

Tiger’s Private Investment Partners funds returned 27% annually on average over 18 years, outperforming its hedge fund and rivaling some of the top VC firms, including Sequoia Capital and Benchmark Capital

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Madhav Chanchani

@madhavchanchani

1 year

Layoffs are a reality in both startups and the corporate world right now But doing them with dignity is important This bit in the case of Meesho layoffs stands out Communicating one on one, and not yanking off email and Slack access immediately

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Madhav Chanchani

@madhavchanchani

1 year

Paytm to spend upto Rs 850 crore to buyback up to 1.62% stake in the company Including "buyback taxes", the total amount could be ₹1,048 crore That's more than 10% of the approximately Rs 9,200 crore cash in the bank it had as of September end

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Madhav Chanchani

@madhavchanchani

1 year

📈 Zomato shares inching back to the IPO price of Rs 76 Over a 50% jump since February this year

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Madhav Chanchani

@madhavchanchani

1 year

Groww has got all the approvals and finally completed the acquisition of Indiabulls mutual fund business for Rs 175 crore Two years after the deal was announced!

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Madhav Chanchani

@madhavchanchani

6 years

"By taking Ola Down Under to Australia this year, he has made it one of the first homegrown tech companies to meaningfully expand outside India. This time, the wishes of a billion Indians, mine included, are riding in his cab," @_sachinbansal on @bhash

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Madhav Chanchani

@madhavchanchani

1 year

Cred’s loan portfolio has more than doubled in one year: Rs 5,000 cr ➡️ Rs 11,000 cr Kunal Shah wants this lending business to be much bigger. That’s why he’s raising $60-70 mn to capitalise Newtap, which includes the NBFC Parfait. Article link -

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Madhav Chanchani

@madhavchanchani

1 year

ONDC has raised Rs 180 crore from SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and ICICI Bank In case you were wondering who is funding the discounts 🤔

Mugdha Variyar

@Mugdha_Variyar

1 year

BREAKING: ONDC has brought in caps on the incentives for subsidising delivery costs, which means you may see delivery fees charged by some restaurants and grocery stores. IMP: The price difference with Swiggy, Zomato may reduce via @economictimes

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Madhav Chanchani

@madhavchanchani

4 years

If China's Tencent is willing, happy to buyback their 10% stake, says Policybazaar CEO Yashish Dahiya, adding that the company has $200 mn in the bank He also says that Policybazaar refused to take Chinese money when Doklam standoff was going on in 2017

China doesn’t play by rules: PolicyBazaar - Times of India

India Business News: PolicyBazaar CEO Yashish Dahiya has become the first CEO among India’s most valued internet companies to speak out openly against China. Dahiya said t

timesofindia.indiatimes.com

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Madhav Chanchani

@madhavchanchani

1 year

Byju’s is not the first major startup to come into the crosshairs of the Enforcement Directorate (ED) Flipkart also faced ED investigations for over a decade But they tackled it by actively cooperating, say, investors, whereas ED says Byju Raveendran has been evasive

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Madhav Chanchani

@madhavchanchani

29 days

Impressive returns and a fast pace of exits by Kedaara Capital No wonder they have been able to raise $1.7 billion - record size private equity fund in India The new fund is also registered in GIFT City in Gujarat, as compared to Mauritius for earlier funds

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Madhav Chanchani

@madhavchanchani

9 months

Sending a good old mail will soon be a high-tech endeavour in Bangalore 📬 @peakbengaluru

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Madhav Chanchani

@madhavchanchani

5 months

🚨 FirstCry is set to file for an IPO Net revenues grew by 46% to Rs 5,263 crore in the year ending March 2023, according to a pitch document seen by The Arc. That is more than Nykaa, another listed omni channel retailer with a market cap of $6 bn

FirstCry to move IPO filing this month | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

4 years

Mukesh Ambani mentioned startups 39 times in his AGM speech, more than oil and petrochemicals mentioned 12 times each Reliance Jio's fundraise and ambition may give opportunities to small and mid-sized startups but is a threat to most valued Unicorns

Mukesh Ambani: RIL best partner for Indian startups - Times of India

India Business News: Mukesh Ambani has said that Reliance Industries (RIL) is actively looking to partner with Indian startups to provide them with product development, ma

timesofindia.indiatimes.com

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Madhav Chanchani

@madhavchanchani

4 years

Sachin Bansal is going "all-in" for his banking and financial services biz Navi, expects to put $400 mn from about $750-800 mn post tax he made from Flipkart More about his banking license, strategy, fundraising in an exclusive interview @digbijaymishra1

Sachin Bansal to put $400 million in banking business - Times of India

India Business News: Flipkart co-founder Sachin Bansal has said that he will deploy all the proceeds from the sale of his stake in the e-commerce player into his financial

timesofindia.indiatimes.com

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Madhav Chanchani

@madhavchanchani

11 months

🚨 Byju Raveendran personally holds over 30% stake in Aakash A majority stake is held by Byju's parent co Think & Learn, which was supposed to acquire 100% of Aakash Byju's investors are now seeking clarity on the arrangement 🤔

Investors seek answers on Byju Raveendran’s personal stake in Aakash | The Arc

Smartest takes on tech companies

thearcweb.com

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Madhav Chanchani

@madhavchanchani

4 years

So Paytm's "Mini App Store" is an interesting update, it is not a place where users can download new apps like Google Play Store It will be a platform for discovery for many apps given the traffic Paytm gets But to download the app users will need to go to Google Play Store

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Madhav Chanchani

@madhavchanchani

3 years

Maybe the most diverse independent boards in India, not just a tech company 4 out of 8 are women which include an Olympian-badminton player, a top e-commerce exec from India and SE Asia, a startup founder with 15 years of experience at Microsoft+Facebook and a former banker

Deepinder Goyal

@deepigoyal

3 years

And up until now, we had a largely investor run board. But today, I'm elated to share that we have five independent members on our board of eight people, four of whom are women.

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Madhav Chanchani

@madhavchanchani

11 days

🚨 Zomato founder Deepinder Goyal’s mega ESOP grant before the IPO has doubled his fortune. Many founders of Indian Unicorns end up diluting their shareholding to single digits by the time companies are ready for an IPO. This occurs because many founders diluted significant

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Madhav Chanchani

@madhavchanchani

7 years

Woah! It's amazing that Israel gets about the same amount of VC funding as India but regularly creates multi billion dollar exits.....

Dan Primack

@danprimack

7 years

Breaking: Intel is buying Mobileye for around $15 billion.

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Madhav Chanchani

@madhavchanchani

6 years

Our story today - - - > How Paytm's Vijay Shekhar Sharma sealed the Berkshire Hathaway investment and what it means as it aims to become a $100 billion company

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Madhav Chanchani

@madhavchanchani

9 months

Mukesh Ambani at Reliance AGM "The best way to describe this new Reliance is that we have become a new age tech company with distinctive capabilities"

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Madhav Chanchani

@madhavchanchani

1 month

A new mafia of startup founders is emerging. From 2015 to 2018, VCs were excited about backing senior execs emerging from Flipkart-Myntra, leading to the birth of Unicorns like Groww, Udaan, and Curefit, alongside a bunch of other soonicorns. Now, founders emerging from Meesho

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Madhav Chanchani

@madhavchanchani

8 days

🚨 MakeMyTrip has hit $9 billion market cap Chronology August 2010: IPO at $14 per share December 2022: Hits $28 - 2x since IPO over 12 years January 2023: Declares first net profit May 2024: Share price reaches $85 - 3x in the last 12 months

MakeMyTrip’s market cap tops $9 bn after record profit | The Arc

MakeMyTrip recorded a net profit of $172 million in January-March 2024.

thearcweb.com

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Madhav Chanchani

@madhavchanchani

2 years

Paytm's results & the Japanese connection 🧵 So, Paytm declared its results on Friday night - Operating revenues increased by 77% to nearly Rs 4,974 crore in FY22 vs FY21 - But the loss increased by 41% to Rs 2,396 crore This is a reversal in Paytm nos for the last 2 years

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Madhav Chanchani

@madhavchanchani

4 years

Softbank Vision Fund declares a loss of $17.3 bn for the financial year ending March 31, 2020 88 investments made at cost of $75 bn now valued at $69.6 bn The biggest fall is in the real estate (Wework) and transportation (Didi, Grab, Ola) portfolio. Healthtech up 90%

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Madhav Chanchani

@madhavchanchani

2 years

Google started disclosing the revenue numbers for Youtube back in 2020 But obviously, it did not break down the numbers for India — the largest market in terms of active users We have been able to dig this up — as Youtube has crossed the $1 billion revenue mark in India

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Madhav Chanchani

@madhavchanchani

5 years

TikTok owner ByteDance's H1 revenue better than expected at $7 billion to $8.4 billion Revenues in entire 2018 - $7.2 billion For context, India's total digital ad market - $2.44 billion FY19 going to $3.3 billion in FY20

Exclusive: TikTok owner ByteDance's H1 revenue better than expected at over $7 billion - sources

China's ByteDance, owner of video-sharing app TikTok and one of the world's most valuable unicorns, booked revenue of 50-60 billion yuan ($7 billion to $8.4 billion) in a better-than-expected result...

www.reuters.com

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Madhav Chanchani

@madhavchanchani

11 days

Also Zomato clearly doesn't want to be regulated by the RBI :) - Has surrendered the payment aggregator (PA) license it got in January. - Cancelled the application for a mobile wallet (PPI). Many fin-techs waited for years to get the PA license. Some still haven't got it

Madhav Chanchani

@madhavchanchani

11 days

🚨 Zomato announces new ESOP plan with results It will be worth over Rs 3,600 crore according to the current share price To issue about 18.3 crore shares, or just over 2% stake

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Madhav Chanchani

@madhavchanchani

5 years

The 1993 batch of the Indian Institute of Technology Bombay has pledged Rs 25 crore, the highest ever, for the betterment of the institute. The highest contribution of Rs 10 crore came from Abhay Pandey, general partner at A91 Partners @Abhay__Pandey

IIT-Bombay gets record Rs 25 crore pledge from 1993 batch | Mumbai News - Times of India

During the Alumni Day celebration on Sunday, the 1993 batch students announced the funds for a number of projects largely related to student well-bein

timesofindia.indiatimes.com

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Madhav Chanchani

@madhavchanchani

4 years

Sequoia has raised record $1.35 billion across growth and early stage funds for investing in startups in India along with Southeast Asia Exclusive interview with @singh_sequoia on the fund, Covid-19 impact, sustainable models, China and Reliance Jio 👇

Sequoia raises record $1.35 billion to back startups in India, Southeast Asia - Times of India

India Business News: Top Silicon Valley investor Sequoia has raised $1.35 billion for its new fund focused on investing in startups in India along with Southeast Asia. The

timesofindia.indiatimes.com

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