Indian Startup Founders Reap Billion-Dollar Fortunes

- Deepinder Goyal has become a billionaire following a record rally in Zomato shares, which have surged over 300% since July 2023. - Zomato's stock hit a new high of Rs230 on the BSE, boosting its market cap past Rs1.8 trillion and making Goyal India's richest professional manager with a net worth of Rs8,300 crore. - The surge in stock is driven by expectations that Zomato's quick commerce business, Blinkit, will outperform peers and turn profitable sooner than anticipated. - Analysts expect Blinkit to surpass Zomato's food delivery business in gross order value (GOV) and strengthen its market position, despite a longer path to sustainable EBITDA margins. - Goldman Sachs values Blinkit at $13 billion, higher than Zomato's core food delivery business, predicting significant growth in GOV and EBITDA by FY29. Source: Money Control

It’s common knowledge that many millionaires were minted by IPOs ( likes of abnb, meta, coinbase ). Are there examples of similar gains in the Indian startup ecosystem, for mere software engineers? Especially the companies that ipo’d on Indian markets.

What is the probability of generating significant wealth (1-5Cr) by working at startups(Both US headquartered and India headquartered) in India? Is Generating wealth through ESOPS normal thing in India or very few lucky ones make such money? Do you know guys who have made significant money by working at startups? If yes, what parameters one should look for while identifying such startups?

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. India on the other hand is poised to become a great multi-trillion $ economy. Onto something huge. We're talking like 10x growth of the economy here. Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. Be the capitalist, take the risks, make bets, work and stack up promotions and money. Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

I will go first: Supam Maheswari, 3 unicorns, 2 of them are profitable (FirstCry, Xpressbees) (Globalbees) Kishore Biyani, founder BigBazaar

Zomato is eyeing a new dish: Paytm's ticketing business. The potential Rs 1,500 crore acquisition is a bold move by Zomato to diversify beyond its core food delivery domain. The Strategy: - Bolster "going-out" vertical (event bookings, dining) to offset slowing food delivery growth - Leverage Paytm's established ticketing platforms to expand the segment - Capitalize on strong revenue growth in Zomato's current going-out business For Paytm, the sale is a strategic slice. Faced with regulatory hurdles, the company is refocusing on its payments and lending operations. The deal would allow Paytm to streamline its portfolio and double down on its core strengths. The acquisition underscores the shifting strategies of India's tech titans as they navigate a fiercely competitive landscape. With growth slowing in traditional segments, companies like Zomato are hunting for new avenues to keep the revenue engine humming. Another Blinkit story in the making? 🚀