Sequoia | RBI | Whatsapp Groups | How to Respond When Someone Takes Credit for Your Work
RBI
So, the Reserve Bank of India , continuing its Arjuna like focus on inflation paused interest rate hikes , for the second time in a row
If you read the phrases in the 2 commentaries like "pause but not a pivot" or "maintain withdrawal of accomodation but not neutral", you can see that the RBI wants to keep the market partcipants on tenterhooks in the foreseeable future. Right now, also there was a spike in liquidity due to Rs 2000 notes and RBI's dividend to the government . While the RBI decided to keep the policy rates unchanged for the second consecutive meeting, it has continued to emphasize on bringing the retail inflation closer to the target of 4%.
Now it seems, one can expect a cut in rate only in CY2024
Also a lot depends on how the country's growth trajectory moves - e.g. India's key trading partners - China, Europe and US are seeing their economy not in great shape with US even staring at a recession. Even in India, the spike in demand due to pent up consumption (revenge purchase ) is now over and the economy is up against major possible headwinds - crude shock ( we saw Saudi cutting output), poor monsoon, currency depreciation ( which surprisingly has been quite stable in this CY) . If the monsoon disappoints, food inflation will again shoot up. Same with any of crude prices or exchange rate igniting prices of the energy basket
What do you think will be the next move - rise, pause or drop in rates
#linkedinforcreators #india #economy
Having done Valuation for a host of Sequoia backed entities, the fund's rebranding its Indian operations as Peak XV Partners, piqued my interest . Remember that they were the earliest ones to spot Alphabet, Airbnb, JD, Alibaba, TikTok, Bytedance etc
In India, Sequoia participated in 50 deals in 2018. In 2019, this almost doubled to 94 and stayed in the same zone at 93 in 2020. A year later, this touched 110 in 2021, the same year India produced a record number of unicorns. In 2022, when the funding winter started seeping into the country, Sequoia still participated in 74 deals.
The firm raised USD 2 bn for India is now carving out its India's operations , alongside the divorce between its US and China operations
Even after 17 years, of the 9.2 bn USD raised for India, only 4.5 bn USD has been distributed back - nothing worth
Now other than Accel Partners and Lightspeed Ventures, none of the top 10 VCs worldwide are in India
People are now seriously questioning the rationale of pumping billions into the Indian startup ecosytem
Other than Flipkart (which Walmart acquired for USD 16 bn), we only Nykaa, Zomato, Paytm listed in the public markets at USD 4-8 bn .
One would be more circumspect about valuation in the private markets and thus question the true worth of paper unicorns (115 unicorns with a cumulative valuation of over $350 billion as in Feb'23).
And we have issues like
- Byjus recently going court in the USA against its lender group, comprising 21 highly respected global institutions ( Redwood et al)
- corporate governance issues at portfolio firms such as BharatPe, Trell and Zilingo
- Housing.com's Rahul Yadav having Infoedge initiate forensic audit of his new venture, 4B Networks
What do you think will be the way forward for Indian startups
#startup #funding #india #linkedinforcreators #sequoiacapital
How to Respond When Someone Takes Credit for Your Work
https://www.linkedin.com/posts/anuragsingal_work-corporatelife-activity-7073644380540063744-CaqY?utm_source=share&utm_medium=member_desktop
Whatsapp Groups
I have been a witness to the tremendous power of networking through the alum connect through Whatsapp groups
There could be a common thread - same school, same college , similar professional journeys e.g. ex ITC
I am thus proposing to create some whatsapp groups based on some criteria
Please respond on the Google form in first comments
We will be verifying your LinkedIn profile and then add you
The groups are
Alumnus of Don Bosco School, Liluah
St Xaviers College Class of 2006
CA+MBA
Tata Steel Finance Alumnus
Aditya Birla Group Finance Alumnus
Ones who were in job for long but are now full-time entrepreneurs
Content Creators
CAs/MBAs originally from Kolkata
#entrepreneurs #finance #linkedin #networking #content #ca #mba