1947 Rise ☀️: 220
1. India to be 2nd largest economy by ’50: Adani
It took India 58 years to get to its first trillion dollars of GDP, 12 years to get to the next trillion and just five years for the third trillion
India will start adding a trillion dollar to its GDP every 12 to 18 months.
India will start adding a trillion dollar to its GDP every 12 to 18 months, putting it on track to be a $30 trillion economy by 2050,” Adani said.
2. Companies need to show 2–3 quarters of profitability before IPOs now: Accel’s Shekhar Kirani
Shekhar Kirani, who bagged the Midas Touch Award for best investor at The Economic Times Startup Awards 2022, said companies must show profitability for at least two quarters before they approach the public markets.
Companies need to show 2-3 quarters of profitability before IPOs now: Accel's Shekhar Kirani
A podcast:
1947 Rise podcast with Karan Mohla, Partner and Head of India and SEA for early-stage investments at B Capital Group.
We covered:
- Karan’s professional journey so far
- Karan and B Capital’s thesis for India
- His views on India’s startup ecosystem now and the way forward
& more!
Watch the full conversation on Youtube: https://bit.ly/3X3bu7J
Worth your attention:
Five Star Business Finance raises Rs 1,588.5 crore via IPO, lower than actual issue size Link
Content management platform Contentstack raises $80 million in funding Link
Softbank to sell Paytm shares worth $200 million via block deal tomorrow: Reports Link
Edtech firm Simplilearn raises $45 million in funding led by GSV Ventures Link
Diabetes-care startup BeatO gets $33 million in round led by Lightrock Link
Unitus Ventures to close $100 million third fund next year; to focus on job-tech startups Link
Govt has earmarked Rs 1,000 crore to fund chip design startups: Rajeev Chandrasekhar Link
Amid funding winter, Tiger Global’s Scott Shleifer to visit India next week Link
The women building and shaping India Link
B2B procurement marketplace ProcMart raises $10 million in Series A funding round Link