Upstox co-founder Ravi Kumar responds to host Siddharth Ahluwalia's question regarding whether India's unicorn count will scale from 100 to 1,000 in ten years.
“Oh, it's maybe even more. I'm extremely bullish, right?”
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More from Ravi Kumar
Insight
Kumar: Online retail brokerages lack strong economies of scale
“I think in our industry also, the relationship is with the customer, you know, and what I mean by that is there's not really so much economies of scale.”
Ravi KumarSep 15, 2023▶ 3:03BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
PredictionOpen · timeframe Sep 2043
Kumar: India's market cap could reach $15T in 10-20 years
“India today has, you know, about three, three and a half trillion dollars of publicly traded market cap. You know, and we think that in these next 1015, 20 years, that number could be like fifteen billion. 15 trillion dollars.”
Ravi KumarSep 15, 2023▶ 19:56BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Insight
Kumar: Most founders lack the maturity to turn unprofitable businesses profitable
“So I think again every, every founder won't have the maturity, I think, to be able to run, you know, An operation unprofitably and still at some point become profitable. The knowledge and the know-how of doing that is very difficult.”
Ravi KumarSep 15, 2023▶ 26:39BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
PredictionDidn’t hold up
Kumar: Upstox to achieve 25% to 30% PAT margin this fiscal year
“No, we're pretty much already that. Right. We're already you know, almost there, but yeah, by the end of the FYI, I think throughout the whole year, we'll, we'll probably be like a 25, 30% path business.”
Ravi KumarSep 15, 2023▶ 37:11BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
AssertionSupported
Kumar: Upstox was the first Indian broker to digitize with Aadhaar
“So we were the first broker to digitize when Adhar launched.”
Ravi KumarSep 15, 2023▶ 4:47BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
AssertionContradicted
Kumar: Retail investors account for only about 20% of Indian market volume
“And of this, right, it's not like all of this volume is coming from like retail at all. I think retail from the latest numbers I know is about 20%.”
Ravi KumarSep 15, 2023▶ 9:09BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
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