didn’t know raj shamani is an investor at @temple until now
crazy how he has upskilled from being just a content creator/podcaster to now becoming an investor at one of the fastest growing hardware startups of india
at $190M post money valuation, his stake is worth ~60k
Interesting to see how rapidly Ph is dying out in Hindi pronunciation and being replaced by F. Phalgun is now Falgun and is pronounced so. Similar trends in फल, फूल, फेंकना etc. Interestingly this is a global trend. Languages like Arabic lost P and replaced it with F.
@bowl_kut@anmolm_ Exactly, no one would. One would be using their “white” money from banking channels to get the cash - not leading to conversion of black to white.
@Rahul_J_Mathur And for the FFs it becomes a AUM/Commitment under management business to draw management fees ( usually no carry in GoI FFs structure) and to show the ministry the commitments gives/ money deployed every quarter
@Rahul_J_Mathur In the end the AIFs invests where the want to and feel can get their returns. Start-up/MSME/Deeptech is just tick the box for complying with FFs norms where they have raised the money from