Anup Jain, Managing Partner at Orios Venture Partners, describes how portfolio companies responded to macroeconomic disruption during the early months of the COVID-19 pandemic.
“So what they especially started to do was stop the dispersals immediately and started taking a very careful look at their existing portfolio of borrowers and stayed in touch with them to work out and figure out as to what was the risk on that portfolio for future repayments before, you know, starting to lend again.”
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More from Anup Jain
AssertionNot publicly verifiable
Gully Network reached 22 stores in Bangalore and achieved product-market fit
“They already have 22 stores in Bangalore. I would say they've achieved product market fit.”
Anup JainMay 24, 2020▶ 11:29Anup Jain, Orios Venture Partners, on identifying the best founders & investing in Consumer Brands
Disclosure
Some Orios portfolio companies moved 30% of their workforce permanently remote
“Some of the companies have even taken calls of reducing their office space and moving 20 to 30% of their employees permanently on a work from home basis.”
Anup JainMay 24, 2020▶ 15:28Anup Jain, Orios Venture Partners, on identifying the best founders & investing in Consumer Brands
AssertionSupported
Indian medicine margins exceed 65% with value captured by unorganized middlemen
“The actual cost or the margins of the product, which is a medicine was extremely high upwards of, you know, 75, 65, 75%. And a large part of that value was being cornered by the unorganized players of stock is distributors and various middlemen.”
Anup JainMay 24, 2020▶ 23:08Anup Jain, Orios Venture Partners, on identifying the best founders & investing in Consumer Brands
Disclosure
Orios Venture Partners avoided SaaS investments due to overseas due diligence challenges
“We have tended to sort of stay away from SaaS businesses in the past because we couldn't you know do due diligence on customers overseas. And therefore we kind of stayed away from that. We felt that it was too early in that space.”
Anup JainMay 24, 2020▶ 30:11Anup Jain, Orios Venture Partners, on identifying the best founders & investing in Consumer Brands
PredictionNot checkable as stated
Indian enterprises will become increasingly willing to pay SaaS subscription fees
“So I think in the coming years businesses of all types will be very amenable in India to paying a SAS company subscription fee for using their product.”
Anup JainMay 24, 2020▶ 31:10Anup Jain, Orios Venture Partners, on identifying the best founders & investing in Consumer Brands
AssertionSupported
Indian grocery retail is a market worth nearly $500 billion
“Grocery retail is one of the largest segments of retail in the country almost five hundred billion dollars.”
Anup JainMay 24, 2020▶ 9:53Anup Jain, Orios Venture Partners, on identifying the best founders & investing in Consumer Brands
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