1947 Tech Newsletter šŸ‡®šŸ‡³

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1947 Tech šŸ‡®šŸ‡³:Ā 116

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1947 Tech šŸ‡®šŸ‡³:Ā 116

Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India

shiva singh sangwan
Jun 24, 2020
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1947 Tech šŸ‡®šŸ‡³:Ā 116

1947tech.substack.com

1. Donald Trump’s H-1B visa suspension: An explainer

This will hurt the US economy but on the other side, it will enhance the Indian economy.

We in India have already rolled the red carpet for our bright and hard-working talent who is looking to move back.

Come back and LET’S BUILD!Ā 

Let’s build the tech ecosystem in India, Let’s build India.

Twitter avatar for @1kunalbahl
Kunal Bahl @1kunalbahl
India is the land of big opportunities šŸ‡®šŸ‡³ šŸ™šŸ¼ I didn't know this 13 years ago when my H1B visa was rejected, but haven't regretted a moment since.
Twitter avatar for @AshLilani
Ash Lilani @AshLilani
I keep thinking of @1kunalbahl today and how a US visa issue led him to come home and be a catalyst in the creation of @snapdeal. I hope we see many many more such success stories come out of this. US's loss and India's gain.
3:35 PM āˆ™ Jun 23, 2020
777Likes94Retweets
Twitter avatar for @elegantlywasted
Rahul Ganjoo @elegantlywasted
Cross-posting from LI here - anyone in the US exploring a move back to India in view of the H1b ban - pls feel to reach out. Happy to help in any way I can. Would appreciate RTs.
Image
6:14 AM āˆ™ Jun 23, 2020
223Likes95Retweets
Twitter avatar for @MohapatraHemant
Hemant Mohapatra @MohapatraHemant
Since last night recvd 2 emails frm friends @ cos like Google abt returning to India. This feels different. Ppl are sick of the uncertainty; ban was a personal betrayal. Indian startups pay well (some roles are at bay area salaries) and do VERY exciting work. COME HOME AND BUILD!
2:01 AM āˆ™ Jun 23, 2020
1,947Likes316Retweets

Donald Trump's H-1B visa suspension: An explainer -

2. Zerodha’s Rs 60–65 crore Esops buyback plan values firm at $1Ā billion

Discount brokerage Zerodha will spend Rs 60–65 crore ($9M) to buy back employee stock ownership plans (Esops) this year, at a self-assessed enterprise value of Rs 7,000 crore, or around $1 billion.

This is significant because it’s the first time that a valuation is being ascribed to Zerodha, which has never picked up external capital.

There is so much room to grow in this space. To put things in perspective:

India is an emerging market and has one of the lowest retail investor participation in the world, standing at 4.45%. The US, in contrast, has almost 50% participation.

Zerodha's Rs 60-65 crore Esops buyback plan values firm at $1 billion

3. Ashish Gupta, the angel who struck gold in Flipkart sale toĀ Walmart

Not many people know about Ashish Gupta as he keeps it very low keep.

He might be the most successful angel investor in India.

Ashish Gupta was the first angel investor in Flipkart who invested Rs10 lakh ($14k) in 2009, stands to make $20 million

Gupta stands to make an even bigger killing from his bet on software maker MuSigma in which he again made an angel investment, albeit a larger one than his Flipkart bet, and got an exit at roughly $50 million

Ashish Gupta, the angel who struck gold in Flipkart sale to Walmart

A fewĀ tweets:

Twitter avatar for @amrishrau
Amrish Rau @amrishrau
Murthi, Ramdorai, Premji and Nilekani were the catalyst of first wave in Indian Software Trump might be the catalyst for the second wave in Indian tech
2:20 AM āˆ™ Jun 23, 2020
305Likes30Retweets
Twitter avatar for @BeingPractical
pj @BeingPractical
2010-2015 : Many US startup ideas came to India. 2015-2020 : Many Chinese startup ideas came to India. 2020 onwards: Indian startup ideas are going to take on the world. Already seeing few going to South East Asia, more will happen.
4:39 AM āˆ™ Jun 23, 2020
764Likes93Retweets

Worth your attention:

  1. Abu Dhabi state investor Mubadala plans to grow Asia portfolio Link

  2. Angel investors urge Indian startups to identify growth opportunities amidst the COVID-19 crisis Link

  3. Funding from Chinese investors may dry up for Indian startups Link

  4. AngelList’s ā€˜Carta for India’ product helps startups manage cap table and employee grants for free Link

  5. Zomato’s Pankaj Chaddah announces the launch of his startupā€Šā€”ā€ŠMindhouse Link

A week inĀ review:

Twitter avatar for @shivassangwan
Shiva Singh Sangwan @shivassangwan
This week in šŸ‡®šŸ‡³! • o9 raises $100M from KKR • Milkbasket raises $5.5M led by IPV • Yulu raises $4M led by Rocketship • Instasolv raises $2M from Vedantu • Milk Mantra raises $10M debt from US International DFC
12:51 PM āˆ™ Jun 24, 2020
Twitter avatar for @shivassangwan
Shiva Singh Sangwan @shivassangwan
• Mubadala plans to grow Asia portfolio, India will be a key focus • Online stock brokerage Zerodha is valued at around $1B • AngelList India launches a new product — EquityList • Zomato’s Pankaj Chaddah announce the launch of his new startup — MindHouse
12:51 PM āˆ™ Jun 24, 2020

Thank you for reading. Please share any feedback, questions or comments with me on TwitterĀ :)

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1947 Tech šŸ‡®šŸ‡³:Ā 116

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