Bertelsmann India Investments

7 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement May 3, 2020 by Pankaj Makkar · said 12 times in 1 episodes since 2020 · across every show →

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brought up most by Pankaj Makkar (9), Siddhartha Ahluwalia (1)

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Everything said about Bertelsmann India Investments, oldest first

May 3, 2020
Insight
Growth investors must distinguish fundamental business drivers from paid marketing scale
“Make sure that you look at fundamental levers behind the growth of the companies versus artificial levers like using digital marketing to get scale.”
Pankaj Makkar May 3, 2020 ▶ 12:26 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
May 3, 2020 positive
Disclosure
Merging Saavn with Reliance was the best path against new strategic rivals
“After some time we did see a lot more strategic entering into the game as soon as they realized that this is a large market. And at that point we realized that the best bet we had to make sure that the company becomes fairly viable and sustainable is to join h…”
Pankaj Makkar May 3, 2020 ▶ 8:30 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
May 3, 2020 positive
Assertion Not checkable as stated
Eruditus and Shiprocket scaled into great businesses using very little capital
“One, you know, so a few companies on ours, but the one that kind of stands out is Eruditis, which is a company being run by Ashwin Damera and Chaitanya, and both the entrepreneurs have built a fantastic company with very little capital. Another company in our …”
Pankaj Makkar May 3, 2020 ▶ 24:24 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
May 3, 2020
Disclosure
Bertelsmann India writes $5M to $15M checks for 15-20% equity stakes
“As a series B, series C investor, we would typically come at with a check size of about five to fifteen million dollars let's say average of 10, and typically take anywhere between 15 to 20% in a company.”
Pankaj Makkar May 3, 2020 ▶ 18:30 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
May 3, 2020
Disclosure
Bertelsmann targets hard-to-replicate operational capabilities over specific startup sectors
“The idea is not to be sector specific, but look at capabilities and understand if there are capabilities which are very difficult To replicate and that's what we call as a complex business. We like those businesses because we ourselves are in such business.”
Pankaj Makkar May 3, 2020 ▶ 6:41 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
May 3, 2020
Assertion Supported
In 2013, no dedicated VC funds targeted Indian Series C or D
“What we did realize was there was a significant market in Series D and Series C stage, which at that time we called as a growth investing in a VC market. And honestly, we did not find even a single dedicated fund which was focused on that market, and we decide…”
Pankaj Makkar May 3, 2020 ▶ 4:54 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
May 3, 2020
Insight
Startups must secure an 18 to 24 month runway during major crises
“You don't know how long this crisis will last. You don't know how the recovery will be. And hence having at best 18 to 24 month runway is needed in the business at this point. If you think that there are ways in which you can cut your costs delay some amount o…”
Pankaj Makkar May 3, 2020 ▶ 27:50 Pankaj Makkar, Bertelsmann India Investments, on Investing in Growth Stage Startups
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