Investment Theme of the Month: Digital Banking
Digital Bank – NITI AAYOG paper “A Proposal for Digital Banks in India: Licensing & Regulatory Regime” Background: Nachiket Mor Report in 2014 – Payment Banks, SFBs, differentiated banking policy, harnessing narrow specialisation instead of doing everything. Payment banks – 11 licences granted only 6 are functional issue deposits, no credit but earn income from […]
TVS Capital’s Founders Day celebration – honouring the spirit of entrepreneurship
With several prominent founders and CEOs stepping out of their work and family lives to take part and share their entrepreneurial highs and lows with distinguished and elite guests and entrepreneurs, TVS Capital’s Founders’ Day celebrations witnessed a rousing start. The event drew a diverse crowd of seasoned entrepreneurs including Ms Falguni Nayar, the founder […]
The Indian IPO Boom
The Indian IPO Boom The IPO boom is a win-win for everyone The primary market is blooming. Founders, entrepreneurs, and businessmen are showing an immense zeal in getting their companies listed and publicly traded. More money is pouring into equity IPOs with this year seeing record subscriptions in several IPOs. Entrepreneurs on their side are […]
Investment Theme – Litigation Financing
Investment Theme – Litigation Financing With capital moving in search of higher yields, we have witnessed significant interest in alternative forms of investment over the past few years. This has resulted in private funds pursuing opportunities in non-traditional areas of value creation. One such area is that of Litigation financing – a “third party funding’ […]
Nykaa’s IPO – Overview
Not for the first time in 2021 and certainly not for the last, we witnessed the public market debut of a technology company provide stellar returns to investors. 2021 has been a year like no other for Indian equity markets, but what is noteworthy is that it has resulted in a convergence of private market […]
Investment Theme – Revenue Based Financing
At a time when the creation of unicorns and successful technology IPOs are becoming increasingly commonplace, we are beginning to see a revolution in another investment structure which equally deserves investor attention. This is ‘Revenue Based Financing’, an investment mechanism which allows for traditional growth start-ups to raise debt funding rather than rely on equity […]
Building future Business: India@100
Building future Business: India@100 “When we wanted capital, we did not get money” – Deepinder Goyal – Founder and CEO of Zomato $13 billion enterprise – poster boy of India@60 –Zomato was founded in 2008 “We focused on survival, for days, for weeks and some months – success tasted after years” – that was Sanjiv Bikhchandani, founder of […]
Evergrande weighs on Chinese debt markets, but global contagion limited
Evergrande weighs on Chinese debt markets, but global contagion limited Ever since Evergrande, China’s second largest property developer, announced that it missed its bond payments, the Chinese debt markets have been in a turmoil. Bond prices have slumped and its effect in the $5 trillion real estate sector is causing investors billions of dollars in […]
Investment Theme: Buy Now Pay Later
Buy Now Pay Later It is undoubtedly true that the Covid-19 pandemic has accelerated the existing trend towards digitisation in India with e-commerce now expected to grow by over 80% in the next four years. However, despite the growing dominance of e-commerce, the majority of customers continue to use cash as their primary means of […]
GDP Update
GDP Update First quarter GDP numbers, as released by the government, are quite encouraging and potentially set up a strong platform for growth to rise beyond pre-pandemic levels by FY23. The recovery in the Indian economy continues well with real GDP growing at 20.1% y-o-y in the first quarter despite the pandemic-related restrictions. This high […]