Prediction Open · timeframe Nov 2074
Dahiya: India Will Surpass China As Largest Economy Due To Institutional Strength
“In my lifetime, we will be the largest or second largest. I think we'll be the largest economy. Simply because China won't be able to keep up because their institutional strength is not so good.”
Insight
Dahiya: India's Economy Is Bahrain, UK, Brazil, And Africa Stacked Together
“India is the only large economy left in the world, which has, as I see it, four parts to its economy. There is a Bahrain on top of a UK, on top of a Brazil, on top of the entire African continent.”
Opinion
Dahiya: Indian Schools Teach Jugaad While UK Schools Teach Process Adherence
“When, and I just feel things when I got a feel for what they were learning I thought the value system was a gap. Now I'm not saying that's for all of UK and all of India, but that's what they were picking. They were picking up how to cut corners, what we call …”
Disclosure
Policybazaar Would Invest In Hospitals Despite A 90% Risk Of Failure
“Like today, when we are going in to say that we want to make a minority investment in hospitals, a lot of people think we're taking a risk. If there's a 90% chance of failure, we would still like to do it.”
Opinion
Dahiya: Health Insurance Lacks Product-Market Fit Because Claims Processing Is Broken
“Because the claims experience still needs to fall into place, right? This is a product which is still working on kind of broken legs, because the claims experience is not where it can be.”
Disclosure
Yashish Dahiya Never Read Policybazaar's Statutory Financials Before PB Fintech's IPO
“I had never looked at our financials before we went public. I started looking at them and started making sure our financials and our MIS were saying the same thing.”
Insight
Dahiya: India Must Benchmark Itself On Per Capita GDP, Not Total GDP
“The benchmarks have to be per capita GDP all the time, because that's what may, will tell us how much we have to gain still.”
Insight
Dahiya: Nations Can Reach $10,000 Per Capita GDP On Momentum Alone
“The world believes you don't even require institutions till you get to 10,000 dollars per capita GDP. To support 10,000 dollars per capita, you don't even require institutional strength.”
Insight
Dahiya: Obsessing Over Equity Percentages And Peer Compensation Adds Zero Value
“Oh, as a percentage of total equity, you're getting too little compared to everybody else. Oh, why is that person getting so much? I think many of those things are just yeah, they're not value adding to anyone. Just, you know, get on with things. And I think t…”
Insight
Dahiya: Following Rules Requires Social Security And An Absence Of Fear
“See, for that value system, you have to have no fear. You have to have social security. Today, they don't have fear. To a large extent. And I think we need time. Maybe we'll get there.”
Opinion
Dahiya: High Stress In India Develops The World's Best Global CEOs
“So I definitely feel running a business in India is, is, is the opportunity is there, but the stress levels are definitely higher than most parts of the world. And that's what brings out some of the best entrepreneurs here. And that's what makes people from he…”
Assertion Not checkable as stated
Dahiya: Policybazaar voluntarily wrote to India's insurance regulator requesting oversight
“I remember in 2011, I wrote to the regulator that we should, that we would like to be regulated.”
Assertion Not checkable as stated
Dahiya: Sanjeev Bikhchandani Always Advised Policybazaar to Raise Less Capital
“I think as we were raising capital he always advised raise less.”
Assertion Supported
Dahiya: Policybazaar raised $840 million but still had $700 million at IPO
“We raised 840 and on the day of the IPO, we had 700 plus in the bank.”
Insight
Dahiya: Entrepreneur investors primarily look for reflections of themselves in founders
“Many investors, specifically entrepreneur investors are essentially looking for people like themselves, and they're looking for their own qualities in those people in some way.”
Assertion Supported
Dahiya: Info Edge sold a 30% stake before later reinvesting $60 million
“InfoAge actually sold shares worth 133 crores, right? And it did sell. And they sold almost 30% of what they had at that time. And then they came back and invested sixty million dollars.”
Assertion Supported
Dahiya: Almost Half Of Info Edge's Value Lies In Its Investments
“I think today for info edge, almost half its value lies in its investments.”
Disclosure
Policybazaar Anticipated 90% Of Its Pre-2020 Roadmap At Its 2008 Founding
“Till, till 2020, everything we did we knew back then. Like I would say 90%. Now the areas we're starting to delve into, we did not know back then. Like what are the, like basically we did not know that claims control or claims experience would become such an i…”
Disclosure
Dahiya: I Do Not Angel Invest Because I Am Variance Averse
“Even today, I don't invest in anything, right? So I think I'm very, let's say variance averse, not risk averse, just variance averse.”
Assertion Supported
Dahiya: Only 4 Crore Of 40 Crore Eligible Indians Have Health Insurance
“Four crore Indians have health insurance, but 40 crore should, right? So we are 36 crores short of our target. And that's what keeps us going that we have 10 X to go.”
Insight
Policybazaar Sees Higher Short-Term Losses When Profitable Health Insurance Business Grows
“When we grow health insurance, our losses grow, but health insurance is the most profitable business we have. Because we make money from NPV, but in the first year it's just cost and very little revenue.”
Assertion Supported
Dahiya: Policybazaar voluntarily sought unnecessary shareholder approval for its hospital expansion
“When we went for our hospitals piece, we went to the shareholders for an approval. And I think, 82 or something percent of the people approved, and that's why we went ahead. So eventually, whatever big decisions we take are And legally, we did not even need to…”
Assertion Supported
Dahiya: Policybazaar Is India's Largest Insurance Aggregator
“In insurance, we would be the largest. Yes, we would be the largest. We have a large market share in that.”
Assertion Supported
Policybazaar Is Also Among India's Largest Loan And Credit Card Aggregators
“We're also in loans and credit cards where again, we would be amongst the largest”
