1947 Tech 🇮🇳: 131
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. What a time to be in India either to build and or to fund builders
Executive-level employees of these companies will leave to either start a startup or fund the next generation of founders.
Founders and early employees will get wealthy and will start funding colleagues and other founders.
The quality of ideas and the team executing those ideas would be much superior to what we have seen up till now.
India would be one of the most competitive venture capital markets globally in the upcoming years
2. Facebook-backed Meesho is the latest to roll out an ESOP buyback plan worth $5 million
2010–2015: Found the product-market fit
2015–2020: Indian companies can scale
2020 onwards: Indian companies can scale globally and become profitable
In order to scale globally and become profitable, you have to retain your most valuable asset, which is your best employees.
Companies in India have been recently buying back ESPOS to retain their best employees.
Facebook-backed Meesho is the latest to roll out an ESOP buyback plan worth $5 million
Meesho has rolled out an employee stock ownership plan (ESOP) buyback plan worth $5
3. WhatsApp rolls out payments in India
WhatsApp, which began testing its payments service in India with 1 million users in early 2018, has finally started to expand the feature to more users in the world’s second-largest internet market.
Related: Google and Walmart face growth hurdles as India caps payments transactions
Worth your attention:
Rs 40 lakh ($58k) a share! Unicorn stocks get supernatural valuations in unlisted market Link
Swiggy undertakes Esop liquidity worth about $7–9 million Link
Among Us, an online multiplayer game, is driving Indians crazy Link
PUBG Mobile plots return to India with Microsoft deal Link
Netflix India’s operating revenue leaps 2X to Rs 924 Cr in FY20 Link
Omnivore to pump Rs 140 crore into agri-tech startups Link
Indian logistics startup Xpressbees raises $110 million Link
Fidelity, D1 Capital likely to invest $100 million in Zomato Link
Ather Energy raises $35 million in Series D funding Link
Tatas in talks to pick up majority stake in e-pharmacy firm 1mg Link
Ambani’s Reliance Retail raises $1.3 billion from PIF Link