VC Brags India 👏🇮🇳

1. Founders sell their crap idea to us
2. We do PR and sell it to bigger VCs
3. Bigger VCs help us launch IPO
4. We make money, public lose money
5. Repeat

[VC Brags India 👏🇮🇳 @VCBragsInd]

Wolf Gupta launching his rockets for Mars after completing a Space Scientist Course on #WhiteHatJr

#whiteHatJrScam

[Harsh Upadhyay @upadhyay_harsh1]

Byju’s says that it has disbursed a portion of the pending salaries for over 20K employees for February.

[VCs Congratulating Themselves 👏👏👏 @VCBrags]

Are they going to get away with it? 🧐

[VC Brags India 👏🇮🇳 @VCBragsInd]

Yaha collab chal rha hai

[Albinder Dhindsa @albinder]

Not going to share the condom sales numbers today 🙈

[Dipika Menon @menondipika]

Love it when you go to an investor to just say hello and they immediately spiral into a storm of books you should read about entrepreneurship.
Whatever happened to just saying hi, how are you?
@VCBrags @VCBragsInd

[VC Brags India 👏🇮🇳 @VCBragsInd]

Who's building Lehngas for Bharat?

[VC Brags India 👏🇮🇳 @VCBragsInd]

@tbhAnubhav MBA Chaiwala on seeing this tweet

[VC Brags India 👏🇮🇳 @VCBragsInd]

@Ashneer_Grover @sama Same vibe

[VC Brags India 👏🇮🇳 @VCBragsInd]

@SejalSud

[Arti Singh @artijourno]

Bharatpe vs Ashneer Grover case: Delhi police shares case investigation findings with High Court. Possibly the first time, the investigation details are out #MintExclusive
https://t.co/eXcH6JW5WH

[VC Brags India 👏🇮🇳 @VCBragsInd]

Samajh rahe ho..

[VC Brags India 👏🇮🇳 @VCBragsInd]

Thoughts?

[Rajesh Sawhney 🇮🇳 @rajeshsawhney]

At Rs 10000 cr valuation of MamaEarth does look rich, considering Rs 1500 cr sales and Rs 4 cr profit.

But kudos to the founders for building an IPO grade Indian D2C company. Best wishes @VarunAlagh @GhazalAlagh

If they get to Rs 2500 cr topline with 250 cr EBITDA in FY 2025, valuations would look reasonable.

Especially glad for the early stage investors who would make a killing!!

Super success story for Indian Venture.

[Ashish K. Mishra @akm1410]

Since Classplus is back in news, I thought I'll share an important story @MorningContext wrote detailing the company's unethical practices.

In case you missed it. By @Harveen_A.

Part 1. https://t.co/yu5Fn0ogfT

[Regina Dulanjali @ReginaDulanjali]

Author hustle in @peakbengaluru

Selling his first book on his own on church street 💪💪

[VC Brags India 👏🇮🇳 @VCBragsInd]

Baniya supremacy 🚩
Gupta, Bansal, Agarwal, Mittal

[Ritesh Agarwal @riteshagar]

When I began my entrepreneurial journey, resources were hard to come by. However, the generosity and kindness of the ecosystem (mentors, VCs, other founders) that took me in made the journey a bit easier and more fulfilling. To be able to replicate this has been a long-standing goal of mine. Whenever the opportunity presented itself, it made me extremely happy to connect with, mentor and back entrepreneurs at every stage of their own personal journeys.

I have extended my support to numerous startups, provided guidance to entrepreneurs within the Naropa Fellowship cohort, assisted small businesses across India, and whenever possible, I have wholeheartedly contributed to the community that stood beside me during my formative years.

@sharktankindia made entrepreneurship a household conversation and I am excited to be a small part of Season 3 and support more entrepreneurs emerging out of every corner of India.

#SharkTankIndia season 3 streaming soon on Sony LIV
#SharkTankIndiaOnSonyLIV

@AnupamMittal, @peyushbansal, @namitathapar, @amangupta0303, @vineetasng, @amitjain.

@SonyTV, @SonyLIV, @SonyPicsIndia, #StudioNext

[Aviral Bhatnagar @aviralbhat]

India’s software dark horse may not be Freshworks or Zoho, but 7,000 Cr fintech SaaS Perfios

Nobody heard of Perfios. For 10 years Perfios struggled to raise a penny. Perfios sells software to Indian companies. Worse, it sells to Indian banks. Indian companies hate paying for software, banks are stingier. Perfios started as a personal finance software. Nobody used it. Poor market, poor usage, poor fundraising make a dwarf, not a machine

But opening the hood reveals an inspiring giant catering to a $1Tn+ market

VR Govind was part of India’s first tech wave. From a small town, he migrated to the US. In 1996, bitten by India’s potential, he returned. Starting Aztec software to do IT, it went public in 2000 for 320 crore. Employing 2,200 employees by 2008, Govind seemed to have made it

But Govind’s story had only begun.

Mindtree would acquire Aztec for an astonishing 600 Cr. With hard-earned wealth, Govind and Debashish Chakrobarty started thinking. Managing wealth was a challenge. The duo thought of creating an internet personal finance manager. The combo was so ahead of its time, absent influencers

Personal Finance One Stop or Perfios was born

The team thought it would be huge, but soon realized no-one cared. Of 100 users, just 4 signed up. Most got advice from friendly neighborhood uncles, the OG influencers. By 2012, PF could not burn money to acquire without any investors

Perfios made the hard pivot to sell to businesses, like Aztec

Enterprise customers cared. Businesses could pay. But selling to them was awfully hard. Determined to do bigger than Aztec, the team kept going. Taking 12-18 months to sell, Perfios didn’t give up. Perfios emerged as a digital credit underwriter using the same software. Banks needed convincing

By 2016, it reached 50 customers, raising a 30 Cr Series A

As India exploded, banks needed help. Banks cared about lowering loan turnaround time and increased accuracy. Perfios was literally the only player who could help. Getting Axis, HDFC, the little company was making waves. By 2018, it reached 45 Cr of revenue. By 2019, it raised 400 Cr in a Series A

By 2020 it almost doubled to 80 Cr of revenue, expanding to South East Asia

By 2021, the hard work of 13 years showed. Growing to 210 clients, it had become a virtual monopoly in fintech software. Few outside had heard of it, but it had created 1,700 formats across banks with an incredible 175,000 rule engines. By 2022, it was processing 240 million transactions

By 2022, it reached 136 Cr of profitable software revenue

Perfios acquired Karza for risk analytics, Fego for open finance. In FY24, it was expected to reach 800 Cr, exploding 20x in 5 years. PF become worth 7,000 Cr. Reaching profitability, the unknown SaaS company expanded globally. The incredible grit of a 2 time founder who spent 15 more years to create a giant was being realized

With details here (https://t.co/WRdOkIVi20), Perfios is underwriting a credit revolution from India to the World

[Anjali Khandelwal @AKhandelwal11]

Today, I complete a year at the one and only, @StellarisVP :)

While the year has given me the most number of existential crises ever in a given year, I think the learnings I’ve gotten here are nothing short of stardust (pun-intended) served to me on a platter

1/n

[VC Brags India 👏🇮🇳 @VCBragsInd]

@ravihanda @Chingari_IN

[nikhil george @nikhiilist]

In the words of Karishma Mehta, "Completely randomly and out of the blue, I stumbled upon the idea of Humans of Bombay" @humansofny