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“Over a period of time, Titan then did a secondary in sorry, another primary in 2018. They put 99 crores in the company, and we were really shafted on that valuation. And that cost me a lot at that point.”

“Oh no, I think we have set ourselves five years, 10,000 crores. I mean, I think more than a billion dollars, unless the rupee further depreciates and goes in that direction. But yeah, and a 20% EBIT business is a long-term healthy business, you know, so we wan…”

“And that, which is the average of industries, four percent, we are now at 25% repeat rate. And so, 25% of our lifetime customers will shop again this year.”

“I would love to see this become India's largest direct to consumer business. I mean, sorry, world's largest direct to consumer business. India's largest we already are.”

“Nine out of 10 diamonds sold in the world are made in India. But we capture only eight percent of gross margin of the world.”

“The harder task was to convince Tiger to leave because they just put in money. Right at that point. And they, and it was a slight, I mean, they came at 600, it was five 70. The currency fluctuation had hurt them. So they had to exit at possibly a flat round at…”

“What we were first at for sure is that we introduced designs at a price point where people didn't consider creating design.”

“And if you take all of India, and I'm not getting into fine jewelry and fashion jewelry and all of that, but if you take all of India, we make up about two to two and a half percent of this country's GDP, which is a very large part.”

“The beauty of this country, and you know, I'll give you a stat of this two, two and a half percent of GDP for the rest of the world, global average is .3. Okay. To .5. So we are five X to, you know, eight X of this number.”

“And that once took on, and then, you know, we trained about, the pilot was 12 stores, supposed to be one year, but instead of in two months, it became 50 stores. We really built a robust cash flow for ourselves. And that's where the cash kept coming in, that w…”

“Six million. We didn't raise Seed or Angel or Series A. We just didn't do much of that stuff because of this Titan cash flow that we were doing.”

“They would pay us in seven days and we would pay the vendors in 60 days. So that 53 days of free cash flow that we created, we built our business on that.”

“570 crores to be precise.”

“They owned 62% of the business then, so.”

“And Titan only did a secondary, no primary. Yeah. They didn't put any money in the business.”

“We will do about 2300 crores somewhere on that in revenue. 10% EBIT as a business. 200 crores in profit.”

“As this business is, it's been created in the last 14 years with the total capital of 400 crores.”

“About 40% of jewelry sold in America is made in India.”

“When we came in, we were .1. You know, at 20,000 crores, we were at 140 crores of sales.4, whatever that number was. Today we are nearing about eight, 10% on that.”

“As long as they stay true to this program and to this course where they keep supporting entrepreneurs, they will beat out all those who have short term goals on that.”

“And so we kept building that on from there, and Tiger was with us from then to 2016. And when they left, we'd grown about 10 X or 12 X. We were at 140 crores of revenue by then.”

“We've had a CAGR of 55% for the last six years”