![]() ![]() We can never dream of building a Kirana company and becoming a unicorn in the same year.īoth the co-founders have done their schooling in Dubai and have been living in UAE since childhood. How can Founders have only a 2.5% stake in the company while others have more than a 25%? Are they just puppets? No single word is written about these people in the media or any investment documents. YES, that’s it.īut if you look closely at the ownership pattern, you’ll realise there are two more people who have the same surname as the co-founders and own about 25% of shares combined. Can you imagine both the founders of Zepto own around 2.5% of the company only? That’s it. This is not happening for the first time, and there are examples of BharatPe, Zilingo etc.Ģ. As founders, you have to obey them, or else you are not getting a single $. This shows you the level at which Indian VCs go to get their words actioned. The nexus of this VC and the co-founders (the two 19-year-olds) forced the third co-founder to quit after they made threatening calls and asked him to sign blank documents.Īnd after this, Kiranakart became Zepto, and then it became a media darling □□ Did you know Zepto had a third co-founder named Ansh Nanda, who was kicked out of the company? He was the person who was responsible for the product development of Kiranakart (the name before Zepto). And we were all in awe □įor the last two months, I have started digging into some internal company documents and noticed some questions I would leave for you to answer.ġ. The story that we were sold was - two 19-year-old Stanford dropouts building a 10-minute grocery delivery business. This is a story of a startup that was built and scaled in days. □ The ZEPTO Story: The mysterious third co-founder, hidden family shareholders and a dirty VC game □ What advice would she give to her baby? She said "chappal ghiso" - work harder than your peers and success will follow. Relentless communication, relentless travelling and accessibility on social media are also big parts of her success story. She says she has a number of fresh ideas up her sleeve. Great for consumers and investors but for the AMC, margins are thin, very thin.īut Radhika is not done yet. It is not clear how much this will rise in the current year. Last year (FY 22) Edelweiss AMC made just Rs 20 crore in profits (on average assets of Rs 65,000 crore). ![]() Currently it manages assets of Rs 1,01,406 crore.īeneath the gloss however, there are challenges. When Radhika joined Edelweiss, it managed assets of Rs 9,128 crore. ETFs are about 70% of Edelweiss AMC's assets under management today. The ETFs combined passive investing with target maturity (funds which mature on a set date) to create this powerful product. This was a signature set of #ETFs that Edelweiss Asset Management Limited launched in association with the government to invest in PSU debt. How did she do it? It took just one transformative idea - Bharat Bond. ![]() 10x in 5 years - How Radhika Gupta built a Rs 1 trillion AMC. ![]()
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