Divyang Upadhyaya

Investor | ISB | IITB | Deutsche Bank

[Divyang Upadhyaya @Divyang_U]

@Tijori1 why does your website fail so often? It's super frustrating.

[Divyang Upadhyaya @Divyang_U]

@Rohan_Sh @ishmohit1 @grok Plagued with survivor bias. Can throw out the entire set if you can't figure out a way to correct for it.

[Divyang Upadhyaya @Divyang_U]

A major fallout of influencer culture is now also in Indian gyms - people walking around with tripods recording everything and everyone.

#gym

[Divyang Upadhyaya @Divyang_U]

Best feature on @zomato by far. This is some customer-first platform design.

I wonder if Zomato's designers or @deepigoyal are fans of @Steam. The latter also builds for buyers first and this philosophy is foundational in building its loyalty moat.

[Divyang Upadhyaya @Divyang_U]

This brutal market behaves like a leveraged product - a 5% drop in EPS can translate into a 3x drop in price overnight.

[Divyang Upadhyaya @Divyang_U]

My favourite part of Diwali is when I dip my carbs fried in fat (puri) into my mixture of carbs and fat (kheer).

[Divyang Upadhyaya @Divyang_U]

@we_are_cult removing all of their dance fitness content from the backend. Suddenly videos my family has worked out to for 5 years are no longer available.

@mukeshbansal06 what kind of cost-cutting measure removes ALL value of an app for its users?

This isn't the first time Cult has done this either. Either they're trying to save on hosting costs or some bolly music rights of use. They've also consistently lost some of their best trainers.

[Divyang Upadhyaya @Divyang_U]

I'm sorry but why does this design look so terrible?

It looks like the phone version of the MG Comet, arguably the worst-looking car on Indian roads rn.

Massive protrusions as a part of core body design just look... off.

[Divyang Upadhyaya @Divyang_U]

The current tech-enabled services playbook seems to be -
1. Have capital (through IPO proceeds, excess cash with limited domestic deployability) or raise capital (through QIP, OFS) at decent valuations
2. Identify global incumbents in US/Europe with long-standing relationships struggling with working capital issues
3. Through MnA, get access to their clients, tech ecosystem, and developed assets (these take a LOT of work in VFX apparently)
4. Offshore "low quality" workload back home, retain sales, marketing and product
5. On the side, use AI-enabled tech to further automate bottom-level functions

This will start showing ROCE numbers that the domestic market just can't show organically.

The biggest risk is ofc GCC proliferation (everyone has the same access to talent pools once set up domestically) and, to an extent, AI although the latter should first unlock efficiency before becoming a direct threat (think Naukri and recruitment cos).

[Divyang Upadhyaya @Divyang_U]

@vishnuagarwal64 Interesting point. Book-to-bill is similar to PE, in the sense that it could signal both high order-winning power at one end, and low execution unless you look below the surface. And also see execution turning up in cash flows.

[Divyang Upadhyaya @Divyang_U]

@investor_vineet Ye toh FYI tha, they're not in India. Machhi zindabad!

[Divyang Upadhyaya @Divyang_U]

@Sanjay__Bakshi Happy Teachers day, sir. Is it fair to say that consumer benefits from taxes are asymmetrical? Hikes are passed on while cuts accrue to corporate bottom line unless the industry is already competitive or supply/CAPEX is agile.

[Divyang Upadhyaya @Divyang_U]

@investor_vineet Whoop lelo, tracking and customization is godlike.

[Divyang Upadhyaya @Divyang_U]

@phreakv6 Badass, you must be proud :)

[Divyang Upadhyaya @Divyang_U]

The cost of lowering portfolio churn is increasing drawdown tolerance.

[Divyang Upadhyaya @Divyang_U]

@phreakv6 This book was covered extensively by Thakkar sir at Flame, it seems to have some kickass learnings for India, both 1-1 wrt EMS as well as broader ones as we look to compete with China. Really looking forward to reading it.

[Divyang Upadhyaya @Divyang_U]

@manujosephsan The notions governing the right are basic - fear, tribalism, god. The ones governing the left are progressive - hope, empathy, science. Why right wingers often have stupid, simple flat earth ideas.

Humans, squeezed, go towards their baser desires, away from progress and reason.

[Divyang Upadhyaya @Divyang_U]

@Prashanth_Krish @phreakv6 Potential multibagger, give it time ;)