“Arriving there is what you are destined for. But do not hurry the journey at all…” Never had someone imagined that these few lines of a poem (Ithaka) can be the inspiration behind a successful business start-up, a unicorn valued more than USD 7 billion and the first profitable one to raise an IPO. Most […]
The Start-up IPO Hustle – Nykaa\’s dream debut Read More »
Start-ups have become an inevitable part of our lives. Our day begins with grocery delivery from Big Basket to travelling to work in an Ola, making payments through Paytm, Mobikwik, etc.; ordering food from Swiggy or Zomato to check the latest shopping trend on Flipkart, Nykaa, etc. As Indians, we take pride in the rise
The Journey: Start-up to a Unicorn to a Public Limited Read More »
Entrepreneurs of start-up companies often forego their salaries and sweat out to make the company work. There is often a doubt of whether a company can issue shares without consideration – or cash consideration. It is well established that a promoter or shareholders may bring in cash or other forms of asset to start or
Can companies issue shares to employees without cash? Read More »
Let us simply picture a company as a cash-based entity. Cash flows into the company in the form of revenue as it sells its products and services, and cash flows out as it pays its cash operating expenses such as salaries and taxes (except for interest expense which is a financing expense and not an
Understanding Free Cash Flows Read More »
Valuation during Covid-19 brings a new set of challenges for the valuers and analysts. While assessing the value of businesses, the valuers must keep in mind that while most businesses have been hit negatively, some businesses have benefitted from the pandemic as well. Some of the key factors impacting business value includes, dependence of business
Valuation during Covid-19 Read More »
Companies often have multiple businesses across different segments. A company may require to \”hive off\” one of its businesses/segments, with a set of assets and liabilities assigned to them. Companies may have to sell off a segment or the undertaking as a whole. This sale is called a slump sale and does not require identification
New Valuation rules for Slump Sale Read More »
Valuers and Analysts often need to evaluate the BSE Sensex return for a variety of reasons. From assessing their portfolio returns to assessing the Market Rate of Return while assessing the Cost of Equity under Capital Asset Pricing Model (CAPM) among others. Here is how Sensex has performed over the years since it started. Date
BSE Sensex Returns Read More »
Did you know? As per a recent study conducted by Harvard Business School, VC selects 1 out of 101 prospective start-ups. Here are a few insights on how VC’s actually work: Referrals play an important role when it comes to pitching your idea to an investor. More than 30% of deals come colleagues or work
How Venture Capitalists Make Decisions? Read More »
Many business owners and investors fail to understand the valuation process and its results. Here are some common business valuation myths and the underlying truths. Myth: You appraised the \”fair market value\” of my business. When I sell my business interest, this is the price I will receive. Truth: Fair market value (FMV) is different from a transactional (or strategic) value.
Myths and Truths about Business Valuation Read More »
Growing up we all came across fake products, fake companies and fake currency but we are in the age where we are getting fake emails, fake websites, and fake calls. As the usage of smartphones has increased drastically over the past few years so has the misuse of it. We have been very careless with
Unheard, Unknown & Unseen Cyber-Crimes Read More »