Categories
BookReview

Book Review: Doglapan

The Book ‘Doglapan: The Hard Truth about Life & Start-Ups’ is written by Ashneer Grover, the Founder of Bharat Pe.

The Book is auto-biographical in nature and the author narrates about his life with its ups and downs.

The author was a bright kid who went to IIT-Delhi & then IIM-A.

He then got into investment banking at Kotak where he was part of some marquee transactions. Kotak was the merchant banker for the Reliance Power IPO and one of the Kotak employees remarked : ‘Reliance Power was at the time a company with one table and two chairs in Ballard Estate’

So they knew what they were selling to retail investors.

Subsequently, he left Kotak to join Grofers.He had differences with the Founders there and was let go. After a brief stint with PC Jewelers, he joined the Founding team of Bharat Pe.

The author was one of the driving forces of the co and helped raised funds, design products etc

His ouster from the co is public knowledge and currently legal cases are on

The author has used the Book to promote himself and show his side of the story. But unfortunately, he comes across as a bitter, vain, obnoxious and self-serving jerk who is incapable of building a company. This probably explains why he wasn’t able to get along with his team, investors etc

Towards the end of the book, he has some advice for startup founders- Some of it good (Focus on customer), some of it bad (get family members into the co)

I would recommend this Book only to those interested in Indian startups.

Categories
Autos

Your Car runs on Code

Source: Investor Presentation of Sona BLW Precision Forgings Ltd

Categories
Links

Linkfest: 10 January, 2023

Some stuff I am reading today morning:

Adani Enterprises may file for 20,000 Cr OFS in Jan (MC)

FPIs are sustained sellers in the Indian market (Money Life)

On TCS Q3 earnings (BT)

Amul sacks R S Sodhi as Managing Director (Rediff)

India is now world’s third largest auto market (Fortune)

Sonam Kapoor bares the reality of Mumbai realty (Vishal Bhargava)

On valuations of Mamaearth (Forbes)

Look out below (The Market)

1979 Profile on Warren Buffett (Turtle Bay)

Think you have it bad? (TRB)

Categories
Cartoon

Benefit of Diversification

Categories
Nifty

Nifty : Expensive Valuations

Source : CLSA Research