Everything Bipin Preet Singh said on any show that made the record, most notable first. Each card names its show and opens the statement there.
India Has More Smartphone Owners Than Active Digital Payment Users
“India is actually, if you think about it, it's the only country in the world where, ah, you know, more people have smartphones today than they are actively doing payments or digital transactions or you know, or even actively using bank accounts or have credit …”
Market Leadership Is Useless Without Eliminating the Competition Entirely
“Market leadership in B to C or B to B, whether it is B to B to B, I don't think it makes a difference. If you do not have the advantage of basically eliminating completely the competition and taking all the profits away, which means become a monopoly like IRCT…”
India Has Virtually No M&A Exit Paths for Unicorn Startups
“The exit paths are actually M&A paths are pretty, are just non-existent. Nobody's buying companies at billion dollars, two billion dollars, three billion dollars in India. It's not As well developed in India yet, you know, you don't have the tatas and the burl…”
MobiKwik Lost a Signed $60 Million Funding Deal to COVID-19
“Interestingly, we had four term sheets just before COVID had started in March... So it was I think total of about 50, sixty million dollars. And one of them actually, it was not just a term sheet. It was actually a signed shareholder agreement, SHA. So the agr…”
MobiKwik Achieved PAT Profitability in Late FY22
“In fact, in the quarter of December, 21, we became back profitable for the first time. Which we have maintained then again in the March quarter, which just ended and Jan to March 20, 22.”
Digital Credit Drives 35% of MobiKwik's Overall Business
“And that business has grown significantly from zero to almost now, 30 to 35% of our overall business Comes from credit.”
MobiKwik Delayed Its 2021 IPO After Missing the Market Peak
“We didn't actually go public last year in that towards the end of sort of October, November you know, the market is already peaked. So I guess we got a bit late, about maybe at least a month late. We should have gone earlier. But by that time, the market had s…”
MobiKwik's Revenue Reached 540 Crore in FY22, Driven by BNPL
“In fact, in FYI, our revenue was 300 crores which grew to, in FYI, grew to 540 crores. So almost like a 86% kind of a growth. And within that, our flagship consumer payments business grew 144%. Which is all, which is already, you know, at a very big scale. And…”
Mid-Tier IT Firms Often Trade at Higher Multiples Than Infosys
“You look at IT services, for example, you know, you have the Infosys, TCS, but you have a lot of mid-level IT firms, which actually trade at a higher multiple, right? Than Infosys and TCS, et cetera.”
MobiKwik Was Bootstrapped for Its First Four Years
“We were bootstrap for the first few years. You know, first three, four years.”
India Now Has 50 Million Credit Card Holders
“So even today it's about fifty million people have credit cards. At that time it was less than thirty million.”
NEON SHOWLEDGER