The Ledger
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Somani: Prime saw only one failure across its first 23 investments
“Invested in 23 companies one didn't work out, and that was in the early days of twenty-twelve, twenty-thirteen. By and large, all the other companies have done well.”
Somani: Demonetization drove massive adoption for digital bank NiYO
“So they started actually before the demonetization, but demonetization really took them through the roof because Basically everything went to digital for that time, and then these workers started receiving their salaries digitally into their bank accounts and …”
Somani: SaaS Company Tracxn Generates 70% to 80% of Revenue Abroad
“Even we as Prime had a modest IPO, but of a very successful company called Traction. And that's a completely tech global company, SaaS company. I would suspect 70, 80% of the revenue is abroad and they're still very successfully in India.”