Chanchani: Indian quick commerce market cap could reach $100 billion
Kashyap Chanchani · Is Quick Commerce Future Of Retail & India's IPO Market- Investment Banker Explains on The Neon Show · Apr 19, 2024 · at 20:49
Kashyap Chanchani, founder of Rainmaker Group, discusses the long-term market potential and valuation upside for Indian quick commerce players like Swiggy, Zepto, and Blinkit.
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“Today, if a DMART is being valued at what it is, right? I mean, I don't think it's outrageous to believe that, you know, the quick commerce market cap in India can go all the way up to say even, even a hundred billion dollars.”
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More from Kashyap Chanchani
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Chanchani: Indian startup IPOs will cap out at $4B this year
“So anywhere between so what is said is that for FYI, this particular financial year we'll end up having IPOs around one lakh crore, which is what? About 12 odd billion dollars? Just twelve billion dollars, right? So what does that leave for us? Maybe about, yo…”
Chanchani: Indian startups will create hundreds of thousands of wealthy employees
“I think that third wave is being brought about by our startups where, you know, we'll probably end up seeing, you know, lakhs of people actually you know, becoming rich. By being simply employees rather than, you know, becoming founders”
Chanchani: Founder-led companies clearly outperform professional CEOs on returns
“When it comes to a trade off between a founder and a professional CEO, I mean, if you look at the track record of, you know, the hundreds of companies, you know, in US, in China, in India, I think the choice is very, very clear. When you look at the track reco…”
Chanchani: Listed Indian Startups Total ~$70B of India's $4T Market Cap
“Would be close to about seventy-odd billion dollars in terms of evaluation, Siddharth, from about a four trillion dollar valuation that the Indian markets have at large.”
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“Today, anywhere between say, you know, 20, 23 to right now, and maybe for the foreseeable future as well. Any company, any startup that is being valued at more than a hundred million dollars. I mean, forget about, you know, our unicorns. They are all being val…”