“So Google, I think the round was 10, was total ten million dollars in which Google contributed seven million dollars. And the remaining came a mix of between ProRata and some other family offices also joining the round.”
quote is from the automated transcript, cleaned for reading:
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More from Farooq Adam
Insight
Adam: Indian enterprises reject productivity tools and only buy revenue-generating software
“Indian enterprises do not like productivity tools, do not like things that save time. They only like things which make more money for them, right?”
Farooq AdamJun 28, 2021▶ 22:41Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast
Insight
Adam: Reliance wins markets by deploying at unmatchable, competitor-crushing scale
“You are going to win by deploying at scale. You launch at such a large scale that there is no one who can then kind of even come in compete with you. And this is what, you know, really Distinguishes, you know the reliance way of doing things as compared to any…”
Farooq AdamJun 28, 2021▶ 49:52Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast
Opinion
Adam: Indian electronic health record sector remains practically non-existent
“The electronic health record space in India is, is non-existent. And even today it's kind of non-existent, right? The players were trying to do do things, but neither the patients really care nor the doctors care and the healthcare institution as such do not h…”
Farooq AdamJun 28, 2021▶ 10:44Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast
AssertionNot checkable as stated
Adam: The India-to-global enterprise SaaS model struggled heavily in 2014
“What was happening in 1415 was enterprise SAS, you know, built from India and sell to the globe. That story was really not panning out. Companies were, you know, struggling even companies who had raised a lot of capital were really struggling to that.”
Farooq AdamJun 28, 2021▶ 20:36Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast
Disclosure
Adam: Reliance priced the Fynd acquisition at 20 percent over previous valuation
“That's correct. I think the numbers, I don't think there was any, nothing wrong in the numbers. The way they went about doing the deal was whatever is your previous round. We will give an 18 or 20% bump because anyway, that money is going to go to the investor…”
Farooq AdamJun 28, 2021▶ 51:30Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast
Insight
Adam: Angel investors should hold winning startups rather than taking early exits
“Even if you get an exit, right, where do you really deploy that capital? That's really a challenge, right? I mean, if you figure out how to deploy it with that sort of extreme returns, you might just keep it over there because, you know, these guys, companies …”
Farooq AdamJun 28, 2021▶ 56:05Journey of Reliance acquiring Fynd, with Founder, Farooq Adam | 100x Entrepreneur Podcast
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