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Return on India

By: Colossus | Investing & Business Podcasts
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  • Summary

  • Return on India is a deep dive investing series covering one of the most populous and promising economies in the world. Through conversations with central figures in Indian business, Return on India investigates the past, present and future as we explore India’s investment case. This is a country filled with nuance, contradictions and ambition for the future and we are excited to share why the next decade looks so promising for India. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.
    2022
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Episodes
  • Romeen Sheth - Reviewing India’s Opportunity - [Return on India, EP.11]

    Romeen Sheth - Reviewing India’s Opportunity - [Return on India, EP.11]
    Mar 16 2023
    This is Matt Reustle, and for this season's final episode we decided to flip the table and interview Romeen. We talk at a high level about our favorite lessons in the series, some great behind-the-scenes moments across the project, and what Romeen will be monitoring from here. Please enjoy this conversation with Romeen.   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.   -----   Return On India is a property of Colossus, LLC. For more episodes of Return On India, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @RomeenSheth | @joincolossus Show Notes (00:02:04) - [First question] - Three concepts on the series that stood out most to Romeen (00:07:25) - How India reflects the US in surprising ways (00:09:32) - The effects of US and global venture slowdowns on the Indian startup economy (00:13:48) - The importance of the India Stack and other infrastructure (00:18:06) - Key takeaways from individual startups on the series (00:22:16) - Major changes, trends, and constants in Indian consumer behavior (00:27:27) - How Indian companies build trust and longevity in their consumer bases (00:31:10) - Ways in which startups can address India’s largely untapped consumer market (00:37:25) - How he thinks about tracking and studying the rapidly growing Indian ecosystem (00:39:23) - The bull case and bear case he projects for the Indian economic engine Learn more about your ad choices. Visit megaphone.fm/adchoices
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    43 mins
  • Nishchay Ag - Gold: India’s Secret Asset Class - [Return on India, EP.10]

    Nishchay Ag - Gold: India’s Secret Asset Class - [Return on India, EP.10]
    Feb 23 2023
    My guest today is Nishchay Ag, founder and CEO of Jar. In the last conversation we had on Return on India, we spoke with Nithin Kamath, the founder and CEO of Zerodha. In that conversation, we focused on how tier-one India is advancing up the maturity curve with respect to financial literacy. Today we explore the opposite. We explore the rest of the Indian landscape. How do non-tier one Indians think about investing, spending, and saving? And there's nobody better than Nishchay to help us understand. Jar was founded two years ago and has over 10 million users today. The product is super simple and has a unique characteristic that resonates with mass India: when you use Jar, you invest in gold. We covered a bunch of topics in this one. Why gold, how a simple product is actually incredibly complicated to build, the psychology of India's consumer class, and the fast-changing behavior patterns of India's next generation. Please enjoy my conversation with Nishchay Ag.   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.   -----   Return On India is a property of Colossus, LLC. For more episodes of Return On India, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @RomeenSheth | @joincolossus Show Notes [00:02:40] - [First question] - What the financial products landscape in India looks like [00:04:15] - The opportunity set for financial products in the hundreds of millions [00:06:32] - Describing the average Indian consumer’s relationship with money [00:08:04] - What rich looks like in India compared to the West and how American media influences cultural norms in the East  [00:12:34] - An overview of what Jar is and why he started it   [00:16:38] - Thoughts about changing behavior in a product like Jar [00:19:02] - Designing a product for one country that houses thirty smaller countries  [00:21:48] - How purchasing gold happens today writ large versus with Jar [00:23:41] - Building a product on top of the philosophy that 99% of people are good [00:27:10] - Getting their first five thousand users [00:31:06] - Thinking about investing as a consumption experience  [00:33:49] - Creating trust in a low trust ecosystem [00:35:24] - Business model arbitrage and what happens when Indian businesses expand beyond their borders [00:37:58] - Outsourcing from versus to India is the next coming trend [00:39:47] - Indians are hungrier than ever to build the next global company  [00:41:15] - The bear and bull cases for India over the coming decade   Learn more about your ad choices. Visit megaphone.fm/adchoices
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    44 mins
  • Nithin Kamath - Zerodha: Building India’s Biggest Stockbroker - [Return on India, EP.09]

    Nithin Kamath - Zerodha: Building India’s Biggest Stockbroker - [Return on India, EP.09]
    Feb 16 2023
    My guest today is Nithin Kamath, founder and CEO of Zerodha. The last 10 years in the Indian startup ecosystem have been flushed with venture capital, especially from the West. The country, understandably, has hit an inflection point and capital allocators are bullish on the potential to build world-scale businesses in India today. One of the most fascinating businesses in India that's not as talked about and has taken no outside investor capital is Zerodha - India's largest stockbroker. Its scale is staggering. Today the company is 13 years old, has over 11 million users, and last year did over 250 million in profit. It's a story of building the right way and for the long term. I was thrilled to chat with Nithin today to explore the step function growth in the business, market, and country that enabled Zerodha’s rapid ascent. Please enjoy my conversation with Nithin Kamath   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.    -----   Return On India is a property of Colossus, LLC. For more episodes of Return On India, visit joincolossus.com/episodes.   Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @RomeenSheth | @joincolossus Show Notes [00:02:36] - [First question] - Overview of Zerodha and its size and scale today  [00:07:15] - What informed their best case outcome and thoughts on mobile penetration [00:14:16] - Short positions and contours of hedge funds in India compared to the US [00:20:04] - Relatively low levels of leverage in the Indian ecosystem  [00:23:12] - Why areas of the Indian ecosystem are underdeveloped compared to the US [00:27:03] - Lucking out by not getting professional investors in their company  [00:35:07] - How the recent flood of capital into India affected their business [00:38:34] - Thoughts about operating outside of India and transferable principals  [00:41:49] - Unpacking the framework of seeing India as a series of clusters and villages [00:44:35] - The bear and bull case for India over the next decade Learn more about your ad choices. Visit megaphone.fm/adchoices
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    48 mins
Leadership Economics Personal Finance
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