
Discover more from 1947 Tech Newsletter ๐ฎ๐ณ
1947 Tech ๐ฎ๐ณ:ย 116
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. Donald Trumpโs 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 LETโS BUILD!ย
Letโs build the tech ecosystem in India, Letโs build India.





2. Zerodhaโs Rs 60โ65 crore Esops buyback plan values firm at $1ย billion
Discount brokerage Zerodha will spend Rs 60โ65 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 itโs 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 toย 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 fewย tweets:


Worth your attention:
Abu Dhabi state investor Mubadala plans to grow Asia portfolio Link
Angel investors urge Indian startups to identify growth opportunities amidst the COVID-19 crisis Link
Funding from Chinese investors may dry up for Indian startups Link
AngelListโs โCarta for Indiaโ product helps startups manage cap table and employee grants for free Link
Zomatoโs Pankaj Chaddah announces the launch of his startupโโโMindhouse Link
A week inย review:

