Titan

“570 crores to be precise.”

“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.”

“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.”

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

“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.”

“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…”

“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…”

“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.”

“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…”

“I made it a point that we will not raise money ever again.”

“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.”

“So I mean, so what I think is that now Tanisha is a five percent market share. Easily, 20% market share, so after 1020 years, you know, we can see it.”

“Simplifying Rakhe Junjanwala into one Titan is probably one of the mistakes of our generation.”