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
Fair & Lovely Is the Second Most Trusted Brand Among Indian Women
“It is the second most trusted brand among women in India, and that is not to be dismissed as a minor achievement.”
Ahluwalia: Call Centers Generate 16% of the Philippines' GDP
“Today, 16% of the Philippines GDP come through call centers.”
Sarin: Fewer Than 500 Registered Investment Advisors Are Active In India
“And they believe they are the only ones who are advising and they are just about less than 500 odd which are active.”
Soni: Goldcast's Series B was MarTech's last big round until Clay
“There was the last big round in all of BtoB MarTech in that year. Honestly, there was no other... I think after that... I think the biggest, it was so bad for my tech for the next two years that I think the biggest round after that or noteworthy round after th…”
Keshavachar: One ton of ore yields just one gram of rare earths
“If you take one ton of rare earth, you get one gram of rare earth, ah, one gram of rare earth mineral. That is why they are called rare earth. It's extremely difficult to extract.”
China embargoed rare earth processing machinery three years before banning magnets
“The processes and the machinery for extraction And making the final application magnets in our case. Ah, both, ah, China introduced an embargo about three years ago on the export of that machinery. Long before they actually did the embargo on the red earth mag…”
Koratana: GitHub Copilot originally began building on a GPT-2 Codex variant
“In 2019, 20, 20 time GPT-II had just been trained. And that was, I think, one of the first language models that came together and was coherent over longer horizons. And there was a variant of GPT-II that that was called Codex. And this is kind of the same name…”
Kohli: Senior living facility decisions average three to four years
“And the time, usually this decision can average three to four years, right? So it's like five X longer than any decision that does.”
Rekhi: India mobile phones grew from 1M to 83M in one year
“That day, on April first, 2001, There were one million mobile phones in India, and there were seventeen million landlines. One year later, there were eighty-three million mobile phones in India, and seventeen million landlines, and we have never looked bad.”
Rekhi: 95% of foreign capital into India flowed via Mauritius for decades
“The 95% of money to India was coming through Mauritius. It had been happening for 2020, almost 30 years.”
Ahluwalia: Freshworks created roughly 1,000 millionaires in Chennai
“Freshworks created like thousand millionaires sitting out of Chennai. And it completely changed in ecosystem how founders give back.”
Chopra: Employee attrition in hospitality exceeds 100%
“One of the big challenges in hospitality today is attrition. It runs over a hundred percent.”
Vijayan: Every single vehicle subscription program by dealers and manufacturers failed
“Not even one succeeded. Not even one. Every single company kind of didn't, they kind of shut it down or didn't do.”
Over 90% of Indian children still attend government schools
“More than 90% of kids still go to a government school.”
Sikri: Indian students contribute over $43 billion annually to US economy
“The people go, we are contributing 43, forty four billion dollars to the US economy every year through student education.”
Manickam: Taiwan Was Historically the Largest or Second-Largest Investor in China
“In fact, I think Taiwan was the biggest investor in in China for a long time. I think next only to Japan.”
Garg: Rivigo was profitable when it raised funding from Warburg Pincus
“Yeah, there was a product market fit on day one, and you know, we when we raised Warburg money, we were profitable.”
Garg: Half of Tesla's recent profits come from its energy business
“It is 50% of Tesla's profit actually the last few quarters have been from the energy business.”
Rayapati: Senior leadership tenure is under three years at most companies
“No, it's actually true. Most companies the tenure of senior leadership is less than three years.”
Rayapati: Fewer than 60 enterprise software companies have ever reached $1B ARR
“If you look at, enterprise software companies, how many of them have gotten to ten billion plus? There are like four or five. That's it. How many of them have even ever gotten to a billion plus? There are less than 60.”
Sharma: Only 17% of Indians had a bank account in 2012
“To be able to do that we needed to make sure she has a bank account with 20 12. She didn't have a bank account. Only 17% of the people had a bank account.”
Sharma: India's Account Aggregator will hit 50M monthly transactions by December
“In a recent meeting that we had you know many people were convinced that we will end this year in December with a run rate of fifty million transactions. So I told them I'm coming to this podcast. Can I mention it there? They said, yes, you can. So I'm, you kn…”
More people fly in India than travel in upper-class railways
“And today, there are more people flying on planes than they are taking upper class travel and railways.”
Narayana: No company had built call center speech analytics since CallMiner
“When we started Sanus and got into contact center, the last company which built a speech analytics in the call center space was CallMiner, which was two decades ago.”
Manickam: India's Semicon 2.0 budget will target ecosystem and product companies
“The two point O is going to be announced, you know, the next budget. And there's significant amount of money that is coming. Now they may focus on the ecosystem guys, equipment guys there are chip product companies and so on. May not be as much for the manufac…”
Dr. Balasubramaniam: India held 36-38% of global GDP historically
“My own research in the development space has been India's past, and if you look at it, our share of the global GDP, the only nation, Angus Madison, the great economic historian, he actually writes saying that the consistent growing nation in the world that he …”
Kumar: India's Labor Force Participation Is 20% Below US and China
“In America, in China, in Brazil, you know, about 65 to 70% of those in the relevant age group are in the labor force. In India, as per ILO definition, only about 45, 47% are there. So we have 20% less people in the labor force as compared to these other countr…”
Siddhartha: India has seen 10 to 15 startup IPOs annually since 2020
“In the last three, four years, we are constantly seeing at least 10 to 15 startup IPOs every year.”
Malhi: Indian gaming sector employs 500,000 people directly or indirectly
“So, like, even right now, I think the seg, the total gaming segment would employ five lakh people directly or indirectly, but these are the top jobs.”
Sethi: There are Between 40,000 and 50,000 Venture-Backed Startups Today
“The number of venture backed companies in the ecosystem today is between 40 and 50,000.”
Sethi: Five companies drive the majority of the Indian stock market
“If you look at the Indian companies, you actually have five companies driving the majority of the public market today.”
Kant: India created over 550 million bank accounts between 2015 and 2017
“Between 2015, 20 17, we created over five hundred and fifty million bank accounts. That means imagine 55 crore bank accounts were opened in India.”
Gautam Buddha Nagar's GDP is 11 times higher than Kanpur's
“And therefore, if you look at Uttar Pradesh, the Gautam, Buddha, Nagar, the Noida and greater Noida today, they're GDP is 11 times higher, 11 times higher than the next district of Uttar Pradesh, which is Kanpur.”
Kant: India's skilling body trained 1M+ railway inspectors and all police
“It has trained over a 10 lakh railway inspectors. It has trained all the police officials. It has trained cutting edge officials and has put on board a vast number of new skill programs on digitally so that anybody can go and access and get himself trained dig…”
Srikantaiah: Only Four Indian States Have Fertility Rates Above 2.1
“It's only four states which have a total fertility rate more than 2.1”
Fafaria: No ground-up India-centric VCs were capitalized from India by 2010-2011
“Fast forward, 2010, 11, when we were still not having original grounds up India centric funds, we did have a little more effort from the eight, 10 that I mentioned, fingers of two hand analogy. We had a few more where from abroad or US or China, they would hav…”
Fafadia: Carbon Clean Returned Blume Ventures' Entire First Fund
“Even today when we look at our fund one, we have one company that is one time the whole fund. It's a dragon outcome. Okay. So this is carbon clean. And it has done incredibly well.”
Garg: Sleeping more burns calories and drives weight loss
“More calories are burned when you're sleeping and your organs are rest and stuff like that, right? So more you sleep, the more weightless you are.”
The 2006-2007 IIT Delhi Batches Built Over $50 Billion in Startup Value
“2006 and 2007 created companies in India worth more than fifty billion dollars combined. And founders combined worth more than ten billion dollars, which is exceptional.”
Kolkata Was India's Primary Economic Hub in the Early 1970s
“When I was born in the early seventies, Kolkata was the most important economic hub in India. It was one of the most important industrial hubs in Asia.”
Kumar: Most milk in India is produced by buffaloes, not cows
“See, most milk in India is produced by buffalos. It's not by cows.”
Sharma: Cisco makes more profit than top five European telcos combined
“Cisco is having a bad profit here, and yet Cisco makes more profit than the top five European mobile operators, which includes Vodafone, Telefonica, and others.”
Lunia: iPhone is the fastest-growing smartphone in India despite price hikes
“Because iPhone is the fastest growing phone in the country and it keeps becoming expensive.”
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%.”
Sharma: Audi and BMW achieved their 2023 India sales targets in Q1
“There was a stat which says that the number of units that Audi and BMW thought they will sell in the whole year of 23, they sold in the first quarter itself.”
Nadhani: Startups overlook IBM despite its massive corporate revenue
“IBM has about a hundred billion dollars in revenue today, even today.
Nobody considers IBM in the tech industry or a startup industry to be a, oh, this is a great freaking company.
Like none of their products, any of the startups use a hundred billion in reven…”