Sridhar Vembu worried .. Do you know why ..?
There were only 30 unicorn companies in the Indian startup market history by the end of 2020. But by 2021 alone, about 43 unicorn companies have emerged. In particular, in April 2021 alone, about 6 unicorn companies were formed.
Seeing this, Sridhar Vembu expressed his concern.
Unicorns are small companies in the start-up market that, for the first time, reach $ 1 billion, or 7,500 crore rupees.
$ 1 billion
Similarly unicorn companies are valued only when they attract investment from time to time for trade and service expansion, which is then seen as the biggest achievement when it receives a valuation of $ 1 billion.
Startup companies have been growing rapidly in the Indian business market for the past few years. Accordingly, the number of digital customers in India is increasing day by day and the opportunities for growth are high.
100 percent growth
Truth be told India has the potential to gain even 100 per cent more customers in the digital market. Yet the use of digital service in 2nd and 3rd tier cities and villages has not grown much.
It is in this context that the US, Europe, Japan and Korea have decided to take advantage of this opportunity, as the federal government has imposed heavy restrictions on Chinese investment and Chinese investors.
2020 and 2021
Also during the 2020 Corona epidemic the inflow of new investments in start-up companies was very low while venture capital and investments were very sluggish. From the beginning of 2021, large investments began to accumulate.
As a result, about 43 companies have become over-invested in 2021 and have become unicorn. Prior to this, there were only 30 unicorn companies in India.
Leading investment companies
Leading investment firm Tiger Global has invested in 20 of the 43 companies that will reach Unicorn status in 2021, Sikoya 15, Acel 14, Elevation 6 and Softbank 7. Apart from this, it is noteworthy that many investment companies have made new investments.
Seeing this, Sridhar Vembu, Chairman, Chennai Product Company, Zoho, said on his Twitter account that it would be a matter of concern to anyone who read the history of investment bubbles.
Cred captured by Chennai Liquor Company ..!
Chennai-based online liquor sales and delivery company HipBar has been acquired by Credit, a pioneer in credit card payment services.
Why should a credit company in the digital payment industry buy a liquor company, and what is there in Hippar like this .. ?? There is a very big thing to be.
CRED Chairman Kunal Shah is keen to expand its business despite the fact that CRED, India’s leading Pintech Unicorn company, currently has a huge presence in the credit card payment service.
It has been reported that CRED, led by Kunal Shah, is planning to launch a new wallet payment service business with a prepaid payment instrument license held by Hippar, Chennai.
Acquisition of 100 per cent stake
Although CRED and Hippar did not disclose at what price they were purchased, CRED has reportedly acquired a 100 percent stake in Hippor.
Liquor is not for sale
Similarly, a person familiar with the acquisition said CRED had no plans to sell the liquor. And after this seizure Hippar is about to pull out of liquor sales altogether.