Mithun Sacheti

10 statements across 1 episodes · 5 bullish · 3 bearish · 1 people on the record · first statement Feb 27, 2023 by Mithun Sacheti · said 7 times in 2 episodes since 2023 · across every show →

On the record as a speaker too: Mithun Sacheti's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Siddhartha Ahluwalia (7)

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Everything said about Mithun Sacheti, oldest first

Feb 27, 2023 positive
Disclosure
Sacheti: Titan financed my buyout of CaratLane's co-founder
“Thanks to Titan. They lent me the money to buy him out. They would have obviously liked me to have more skin in the game.”
Mithun Sacheti Feb 27, 2023 ▶ 26:40 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 negative
Disclosure
Sacheti: Bad decisions destroyed ₹200 crore of CaratLane's ₹400 crore capital
“I can tell you in writing that out of that 200 crores, I just destroyed in bad decisions. So really, 200 crores is what gives you that kind of returns.”
Mithun Sacheti Feb 27, 2023 ▶ 30:03 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 bullish
Disclosure
Sacheti plans to solve gold fungibility and storage challenges
“Someone has to take the mantle to say that gold has to become both fungible, easy to store, and solve for all the things that it stood for in relation to the other two commodities. And I feel like that's the problem I want to take on and solve.”
Mithun Sacheti Feb 27, 2023 ▶ 47:16 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 bullish
Prediction Open · timeframe Feb 2028
CaratLane targets ₹10,000 crore revenue and 20% EBIT margin in five years
“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…”
Mithun Sacheti Feb 27, 2023 ▶ 31:50 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 positive
Disclosure
Sacheti: CaratLane was inspired by Blue Nile disrupting US diamond brokerage
“There was a beautiful business called Blue Nile that I really enjoyed watching in America. I had some interaction over there because to earn some pocket money, I used to do some brokerage and my business, not my business really, but my activity over there was …”
Mithun Sacheti Feb 27, 2023 ▶ 9:03 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023
Disclosure
Sacheti: Started CaratLane with four-year, 75-lakh family stop-loss deal
“So I had to convince my family that give me four years of my life and let's agree on a bunch of money as stop loss. So time and money became a stop loss. We agreed on that. And with that philosophy of four years and 75 lakhs of investment, we agreed to sort of…”
Mithun Sacheti Feb 27, 2023 ▶ 11:16 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 neutral
Insight
Sacheti: Strategic partners will not teach founders how to run their businesses
“You walk into a relationship with a business sometimes thinking way too much of what you'll get as opposed to what's realistically possible because they have their own business to run. They don't open a school, right, to come and teach me how to run my busines…”
Mithun Sacheti Feb 27, 2023 ▶ 24:36 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 negative
Opinion
Sacheti: Tata executives sometimes struggle with tough decisions by being too nice
“I think there are also many things you learn what not to do, because in being nice, they also get so caught up that sometimes they're super nice and they don't know how to make tough decisions on that.”
Mithun Sacheti Feb 27, 2023 ▶ 44:27 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 negative
Assertion Supported
Sacheti: Titan's 2018 99-crore primary round carried a punitive valuation
“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.”
Mithun Sacheti Feb 27, 2023 ▶ 26:55 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
Feb 27, 2023 bullish
Assertion Partly supported
Sacheti: CaratLane is doing ₹2,300 crore revenue and ₹200 crore profit
“We will do about 2300 crores somewhere on that in revenue. 10% EBIT as a business. 200 crores in profit.”
Mithun Sacheti Feb 27, 2023 ▶ 27:31 Building CaratLane to a 17000 Crore company and selling it to TATA with Founder Mithun Sacheti
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