The Ledger
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Bhushan: Goyal and Majety will replace Tata and Reliance as role models
“I think, 50 years from now, we'll not talk about Reliance Starter. We'll probably talk about Dipinder and Harsha. I hope that happens, but they would be the next role model.”
Ahluwalia: Reliance and Adani build semiconductors internally instead of backing startups
“If you see today, if you talk about semiconductor defense Reliance and Adani's of India, They want to do it all themselves and capture the market share rather than investing in new entrepreneurs”
Sethi: Emerging market consumer distrust forces companies to become conglomerates
“In emerging markets, consumers are not willing to trust companies, and so you have to build a brand to a certain size and scale, and then they'll start enabling trust to be able to try multiple products. It's why you see so many companies like a la Zomato, not…”
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…”
Sharma: Reliance And Tata Leaders Aim To Launch Industrial AI Labs
“Our big companies like Reliance you know, our leaders there are very interested in doing that. You know, in Tata's, they're very interested in doing that and others, and I'm hoping that they'll make the right big moves to create these kinds of industrial labs.”
Shenoy: Mandatory Index Fund Selling Drove Jio Financial to Lower Listing Circuits
“Geofinancials is a de-merger from Reliance Industries. Reliance Industries is 10% of India's index. Index funds that hold Reliance Industries got free shares of Geofinancials. Geofinancials will not be in the index. So all these index funds have to sell. The i…”
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…”
Sardana: On-demand services would not exist without Reliance Jio
“Like, I don't think any of these businesses would exist if it weren't for reliance.”
Chopra: Reliance and Tata would have crushed Flipkart if ecommerce was predictable
“When Flipkart came along initially. It was very hard to model whether Indians would shop online or not. There was just no precedent for it. If it was very easy, I think Reliance, Tata, and all these big companies would have entered it.”
Lightbox preferred not to sell edtech startup Embibe to Reliance
“If we could have held on to imbibe we would have. It would, it wouldn't have been our desire to sell a business of that nature being led by a founder of that nature. But it was in the best interest of the business.”
Sampath: Yoga Bar's zero-sugar muesli is its top seller in Reliance and DMart
“We have a no sugar muesli, so zero sugar, no, no raisins, no dates, no nothing, zero total sugar. It says zero total sugar, right? And that's the fastest selling product in Reliance and DMart.”
Adam: Fynd founders retained 16 percent equity following mid-2019 Reliance buyout
“Towards the, First half of 2019, first quarter, first month of 2019, we got a term sheet from then and mid mid 2019, I think August first or July 30th the deal was kind of completed. We still own, own large part of the company, the past founders and employees.…”
Verma: Reliance Ventures' Paytm investment returned the fund over 2x
“PTM you know, that was the top one returned the fund two times, and as far as Reliance was concerned, a little over that”
Lightbox Fund 1 was secondary; Fund 2's only exit is Embibe
“Our fund one was actually a secondary purchase. So which was being, which was originally Kleiner Perkins and Sherpaulo. But our first fund from a blind pool perspective was what we call fund two. We've had one exit Imbibe, which is an EdTech play which we sold…”