The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 254 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jadeja: India Is the Only Country with Open Doors to Russia and Ukraine
“India is the only country that has its foot in the door open with Russia and with Ukraine.”
Sikri: Donetsk and Luhansk Regions Are 90% Russian-Speaking
“Or the Donetsk and Lugansk regions are all 90% Russian, Russian speaking.”
Rajeev: Kerala trained 200,000 public school teachers on using AI tools
“We gave training to two lakhs public school teachers on AI, how to use AI tools and agents for teaching.”
Manickam: India makes zero LEDs and imports 100% from China
“We don't make any LED in India. It's a hundred percent imported from China.”
Garg: India adds 2M working-age people yearly but creates only 1M jobs
“India is producing two million young people are coming into the job age every year, right, and we are not creating enough jobs for them. We are creating one million jobs probably, right, by the data”
Sharma: Indian OTAs are legally passenger agents obliged to show all flights
“So I don't know how many people in India know that when you buy a ticket from make my trip Yatra or clear trip or any of these place, they are passengers agents. So you pay a convenience fee. The airline doesn't pay them. And that means that when Akasa air as …”
Sharma: Major Tech Companies Will Announce Global DEPA Adoption Soon
“And some of them are going to announce in the coming months that they will follow our system. DEPA on a global basis, even in jurisdictions that don't require them to follow.”
Rangarajan Promised Bank Unions Transaction Caps on Early Computers in 1990s
“You know, there was phenomenal opposition from the banks and he had to make a promise to the banks at one time that we're going to computerize the banks, but don't worry. We'll fix it so that the computer can only handle so many transactions per day so that it…”
Subramanian: Essential Commodities Act treats agricultural storage as hoarding
“Every form of storage in agriculture is treated as hoarding as part of the Essential Commodities Act.”
Subramanian: US fiscal deficit will reach about 8% to 8.5%
“This year, I think their fiscal deficit will be about eight, eight and a half percent.”
Kumar: India Has Never Crossed 3.8% GDP on Public Education
“We've never as a nation crossed 3.8% on public education. So that's very low compared to what we need to spend. Similarly on health, we should spend three percent of GDP on public health. We've never crossed 1.3% on public health.”
Doddala: Only about 300 US public companies are currently worth over $1B
“If you look at all the public companies in the US today companies that are worth more than a billion is about 300 companies.”
Ahluwalia: Majority of Indian MBBS Doctors Over 50 Years Emigrated Abroad
“The start is between three million to five million doctors, MBBS, but majority of them in the last 50 years have left India for better opportunities in US, UK, Australia, and now even Middle East.”
Ahluwalia: No Indian company is a top-three player in any international market
“There's no case study of an Indian company till now, which has made its mark yet on international markets, being a top three player in any other market.”
Srikantaiah: 7.5% GDP growth drives a 7.5% increase in water consumption
“If the economy grows at seven and a half percent GDP, water consumption also increases at seven and a half percent.”
India Will Surpass Germany's Nominal GDP Within Two Years
“Now in dollar terms, we will go past Germany in about 18 months to two years time.”
Ghosh: Top 10 US Software Company CEOs Were All Born and Educated in India
“Look at the number of CEOs in the top 10 software companies of USA. Guess what? Yeah. All actually born and studied in India.”
Kumar: Indian dairy farmers do not inject cows with oxytocin for milk
“Technically, ok, if you really look at in Indian dairy industry in general, so nobody is going to inject an oxytocin to cow to produce more milk. No farmer is doing it. That's the fact.”
Kumar: Dairy is the cheapest protein source known to humans
“Dairy is the cheapest source of protein known to human. It's the cheapest.”
Lunia: Lendingkart, Sugar, Oakter, and ShareChat are lined up for IPOs
“So hopefully we'll see Lending Cart and Sugar first. There's a company called Okter. It's a home automation. They build these Paytm sound boxes, the profitable company, electronics outsourcing maybe in 18 months, they'll go a little bit later and maybe in 36 m…”
Bisu: Kuku FM Targets 10M Paid Users Next Year, 50M by 2025
“So our plan is to cross ten million paid users by next year, and then fifty million by twenty-twenty-five.”
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.”
Chopra: Most Top 100 Tech Founders Never Worked Anywhere Else
“In fact, interestingly, I think if you take like a top 10 tech companies, top hundred, more likely than not, people would not have worked anywhere else.”
Mukherjee: Sugar Cosmetics aims to delay IPO until around 2025
“So yes, I think definitely, but we probably will wait for a couple of years. So maybe 20, 25 or so. And we're not burning us, you know, money. So I, that's what I think the board is aligned to right now.”
Sinha: Cashfree will hit $100 million in revenue this financial year
“I think by end of this financial year, we'll be hitting a hundred million dollars of revenue.”
Sacheti: CaratLane is already India's largest D2C business
“I would love to see this become India's largest direct to consumer business. I mean, sorry, world's largest direct to consumer business. India's largest we already are.”
Ahluwalia: $10M startup funding rounds will not return until 2024
“And if the ten million rounds have disappeared in starting 2022, and I think they'll not come back till 2024.”
Khurma: Cuemath will cross $50M in revenue within 12 months
“In terms of the revenue scale, we'll do something over the next 12 months, we'll be, we'll cross fifty million in terms of revenue, so we've been growing very nicely.”
Gupta: NoBroker still holds its entire $210M funding round unspent
“The last round what we raised last November on a billion dollar value, that is all lying in our bank. So, two hundred and ten million dollars is what we raised. We have more than two hundred and ten million dollars in our bank.”
Bisu: Kuku FM targets 50 million paid subscribers by 2025
“So our plan is to cross ten million paid users by next year, and then fifty million by twenty-twenty-five. Then hundred million will be our next target.”
Kaniel: Early Asian e-commerce was 90% mobile compared to 20% in US
“We saw in Asia, 90%, 90% is coming from mobile, 90% is coming from mobile application, while in the U.S. It was only only 20.”
Srinivasa: Signzy reached over $10M ARR in three years selling to Indian banks
“And as a result, they've been very, very successful in the Indian financial landscape in terms of getting to 10 plus million ARR over three years, right?”
Gutgutia: Ferns N Petals will complete its IPO within two years
“We should be done with their IPO, which would be happening in the next two years.”
MobiKwik Achieved PAT Profitability in Late FY22
“In fact, in the quarter of December, 21, we became back profitable for the first time. Which we have maintained then again in the March quarter, which just ended and Jan to March 20, 22.”
Mehta: The Whole Truth aims to hit 100 crore INR ARR by year-end 2022
“And hopefully by the exit of this year, we will be at a hundred crore ARR.”
Rajesh Jain notes that more than 90% of Freshworks is investor-owned
“Because otherwise, like in Freshworks, more than 90% of the ownership is with investors.”
EaseMyTrip aims to become India's largest travel portal within two years
“We are the second largest travel portal right now. And in the next couple of years, we are looking forward to change the status again.”
Bhatia: The pandemic left 200 to 300 million unemployed in India
“You know, if you look at what the pandemic did, it was, it rendered a billion people unemployed. And I think given India's size, the largest percentage of the unemployed people happen to be in India. Probably like two to three hundred million.”
Acharya: Zetwerk on track to hit $1B revenue within six months
“I think what we can say that, you know, we are very much on track to cross the billion dollars of revenue. Maybe in the next six months.”
Indian D2C IPO multiples equal or beat SaaS and tech businesses
“Multipliers that people are getting when their IPOs are happening are also very, very equivalent or even better than SaaS or, you know, tech businesses.”
Gupta: Route Mobile will reach $1B revenue in 4-5 years
“If you say with current run rate, probably within four years down the line, I will have a billion dollar revenue or five years down the line. Because we are talking about the numbers which we have achieved year on year basis, and we have seen the growth. If yo…”
Chadha: Lendingkart Is Profitable and Will IPO in 2–3 Years
“Lending cart is from initially, you know, losing a lot of money because for running for growth is, you know, tremendously profitable now. So then I think that I, I'm very confident I'll see, we'll see an IPO in the next two, three years as well.”
Jumbotail expects to surpass $250M scale by end of 2021
“We will be, by end of this year we would well cross two fifty million dollars scale”
Lakhamraju predicts the global corporate training market will transition 100% online
“Maybe some of it for very senior leadership will go back offline, but for most of the others, it's going to be a hundred percent online. So the entire corporate trading market is going to go online.”
Gulati: 98% of Americans listen to podcasts weekly while 98% of Indians do not know what podcasts are
“98% Americans at some point in time in the last one week alone have consumed a podcast. We are creating a podcast as we speak, but 98% of India doesn't even know what the word podcast means.”