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
Rajeev: 60 to 70 percent of Tata Elxsi is located in Kerala
“Now, 60 to 70 percentage of the data like C is in Kerala now.”
Garg: Bitcoin supply inflation is 0.6% compared to gold's 1.2-1.3%
“Today, the gold inflation, gold supply inflation is, I think, 1.2 or 1.3%. Bitcoin supply inflation today is .6%.”
Jain: India has roughly 13 to 14 crore Demat accounts
“I think DMAT accounts now are at 13 or 14 crores or something like that.”
Ahluwalia: GrowthStory invested $1M for 20-25% equity in incubated startups
“You gave one million of your own money for 20, 25% stake in those companies and became very hands-on.”
Ganesh: Uber launched with a 2.4 virality coefficient from referral programs
“Uber, for example, is known to have a virality coefficient when they launched of 2.4 because of the referral programs they had with drivers and they are with riders.”
Manickam: India's annual semiconductor import bill is $45B to $50B
“I mean, they are throwing a number like our import bill for semiconductor is I think, forty-five billion or something like that. 45, fifty billion.”
Reddy: Women face a 39% mid-career workforce drop-off
“There is a 39% drop off mid-career for women. If we have that kind of drop off mid-career, how will we ever get to 50 50 at the top level.”
Garg: Worldwide textile share of industrial labor dropped from ~70% to under 5%
“Textiles used to have close to about 70% of the industrial labor. Today, textiles, worldwide, does not have even five percent of the industrial labor, right?”
Dahiya: 272 Insurance Web Aggregator Startups Have Been Licensed In India
“400 players have started something like Policy Wizard till date. 272 of them licensed to start a web aggregator in insurance.”
Policybazaar Faced 40 Funded Competitors, Including Earlier Pioneers Like Insurance Mall
“About 40 funded competitors both before policy was started and after the first player who started in India was a player called I forget the name. I think it's insurance mall.in. And there was another one called Apna Insurance. Both of these players existed at …”
Garg: Flipkart was the first to introduce debit card EMIs in India
“Flipkart was the first one to come up with a debit card AMI because India, they understand India has debit cards, you know.”
Ahluwalia: Ramp was the fastest company to reach $300M ARR
“Spearheading ramps, journey to 300 milliliter is the fastest company, I think to that milestone.”
Batchu: Google and Meta boomerang policies preserve equity within six months
“Both Google and Facebook have boomerang policies. I don't know if you know about this, but basically if you come back within four to six months, To Facebook or Google, they will just restart the clock on your equity package. So you won't lose your vested equit…”
Ganesh: 60% to 70% of Indian healthcare spending is out-of-pocket
“If an individual is paying for health care, and which is the case with 60, 60 to 70% of health care in this country.”
Kant: India adds a new internet user every three minutes
“Because we are adding a new internet user every three minutes.”
Shenoy: Foreign Investors Own Over 75% of HDFC Bank
“So for instance, more than 75%, I think, of HDFC bank is owned by foreign investors.”
Agarwal: Indian jewelry market is 10-12% organized, up from 4%
“Because the entire market is 10, 12% organized.
Which, since six or seven years ago, was organized by four percent.”
Garg: People who wake up naturally always wake up during REM sleep
“If you wake up naturally, you will always wake up in REM sleep, not a deep sleep.”
Ahluwalia: 70% of Indian children are born into farming families
“And in India, a population of 1.4 1,000,000,001 40 crores, 70% of the kids are born in farming families.”
Lunia: Lendingkart stuck strictly to 5 lakh rupee SME loans for 9 years
“So for example, in lending card, they are giving five lakh rupee loans to a small businessman. This is the only product three year, five lakh rupee loan is the only product they've done for last nine years. They have done nothing else. They've done, they've no…”
Kumar: India has roughly 80 million demat accounts
“I think there's a shot of eighty million if I'm not mistaken.”
Mehta: Ather alumni have founded at least seven hardware startups
“There have been so many hardware startups that have come out of Aether. There's appliance in, in cooking. There is Exponent Energy. There is another one in the battery side. I'm blanking on the name right now. There are at least like seven, eight startups that…”
Virwani: IT companies drive 60% of India's commercial real estate demand
“India generally about 60% of all, you know, demand commercial, let's say comes from IT, which is our ITS, which is, you know, tech companies, tech, services.”
Mundra: Indorama invested over $7 billion in industrial projects across 15 years
“So we've invested more than seven, eight billion dollars across last 15 years, and we've grown.”
Karthik Jagannathan: 40B A2P SMS Sent Monthly in $90B Annual Market
“Even today, there are forty billion, billion, with a B, forty billion app to user SMS that gets sent every month. And reportedly, the SMS around the world is a ninety billion dollar market in dollar terms annually, right?”
Srinivasa: India had only 8 million demat accounts when Upstox was funded
“Similarly, the original investment in upstocks, at that point in time, there were only eight million DMAT accounts in India.”
Srinivasa: Upstox is onboarding nearly 1 million consumers per month
“Today, I think they're onboarding almost a million consumers a month, et cetera.”
Sethi: Postergully Reached 50% Net Margins and 10+ Crore Revenue
“So we were a 50% net margin business. In the last of the business, we topped more than 10 crores and, you know, 50 people team.”
Sethi: Rage Coffee is on track for ₹100 crore in 2022 sales
“We are on track this year to achieve a hundred crores in sales.”
MyGate ARR reached early double-digit millions by August 2022
“So revenue, I would say that we are in early two digit you know, two digit million ARR as of today.”
Gutgutia: Ferns N Petals will reach close to ₹1,000 crore revenue in 2022
“I mean, if all the verticals put together, we should be close to a thousand crores this year.”
Yamini Bhat: Veeva raised only $4M before IPO
“Viva only ever raised four million in its entire life before going to IPO, right?”
Menon: Modern grocery retail was almost nonexistent in early 2000s India
“And that looked like a very promising business to get into at that point in time, because there was just one chain in India, in South of India, which is called Food World. There was a little bit of Nilgiris. And nowhere else was there modern trade, what we cal…”
Exotel Reached ₹40 to ₹50 Crore in Annual Revenue by 2016
“Must be in the 40 crores to 50 crores sort of a range.”
Shivku Predicts Exotel Will Grow Top-Line Revenue by Another 70%
“And we anticipate the growth to continue. We'll likely hopefully grow at another 70% this year as well.”
Sasi: CloudSEK will grow from 100 to 400 customers within two years
“We are going from a hundred customers to one, we're gonna go from a hundred. To two 50 customers, you know this year, this financial year. From there, we want to go from two 50 to 400 customers the other year. So within two years, we'll grow, we'll reach close…”
Anand: Global e-commerce advertising spend totals roughly $300 billion
“E-commerce advertising alone is, you know, Amazon and everybody else put together is about three hundred billion, right?”
Bijapur: SpotDraft is on track to reach $5M ARR by December 2022
“Yeah, we are on, on target to hit five million dollars in ERR.”
Singh: WebEngage has operated profitably for the last three to four years
“Which also means that, you know, we have done these things very profitably over the last three, four years, and that's primarily the DNA of the company.”
Bhatia: Jeff Bezos deliberately kept Amazon unprofitable for 17 years
“For 17 years, he kept you know Amazon unprofitable, but had a vision that lets, the harder the problem, the better off we are.”
HealthifyMe doubled its revenue annually for the past four to five years
“We've been doubling each year for the last four or five years without fail and with clear metrics that are pointing in the right direction on, you know, profitability on paybacks, et cetera.”
Garg: Some Wakefit customer testimonial videos have 5 million views
“Today, I think some of the videos have some 50 lakh views.”
Pandey: 96% of Indian Households Earn Less Than 30,000 Rupees Monthly
“96% of our country has a household income of less than 30,000 rupees.”
Josh Talks targets reaching two million paid app users within three years
“So you know, in terms of impact, our goal is to get to about two million paid users in the next three years. And that's sort of the target that we are chasing.”
Josh Talks targets ₹33 crore revenue next year and ₹100 crore in three
“In terms of revenue from a three year perspective, we look at it at about a hundred crores, but from next financial year, it's about 33. That's where we sort of see ourselves headed.”
Chopra: The median published book sells only 10 to 20 copies
“I was reading, I think a median book is sold 10 or 20 copies.”