Winning the new financial era

Chapter 183 Screening Items

Lan Lan submitted dozens of start-up companies from South Korea and India to Zhang Yida, including company business introduction and founder team introduction, which add up to hundreds of pages...

Zhang Yida patiently read through it carefully.

Coupang was established in 2010. The founder, Bom Kim, dropped out of Harvard Business School and returned to China to start a business. It started out as a Groupon-like group buying website.

Then it continued to transform, and made efforts in the direction of logistics warehousing, mobile terminals, and flash shopping. Like Goudong, the most important advantage lies in "controlling the delivery and customer service experience of the last mile"...

Zhang Yida felt that this was not bad, so he continued to look down.

Both Softbank and Coupang are conducting due diligence procedures. Softbank will acquire a 10% stake in Coupang with an investment of US$20 billion this time, which means that Coupang’s valuation has reached US$50 billion...

South Korea is a country with 5000 million people, and it is now valued at 50 billion US dollars. Basically, there is not much room for valuation increase.

Besides, I can't afford it.Ruixiang Industry Fund has come back from a trip in Southeast Asia, and the funds have been spent.

From the perspective of return on investment, it is the most cost-effective to invest in companies with low valuations and large enough growth potential.

For example: Bluehole blue hole studio, the current valuation is only 2 million US dollars.

Because the explosive "PUBG Mobile" has not yet been developed, it is currently considered a well-known game company in South Korea.

In the previous life, Penguin took 5 million U.S. dollars to buy 10% of its shares, and its valuation has risen to 50 billion U.S. dollars.

If you buy it, you don't have to think about it. Penguin bought it twice and was rejected.

its not right!Zhang Yida was shocked. When Penguin bought him, he had already made PlayerUnknown's Battlegrounds.

Guarding such a golden rooster that lays eggs, why sell the company?
Wouldn't it be good to let the penguin issue it to him vigorously in the front, and he collects money in the back?

Now, as long as you can afford the price, it doesn't necessarily mean you can't buy it.

Now its valuation is 2 million US dollars, if the premium is 50% to 3 million?Doubling it to 4 million yuan before selling it?

Of course, this kind of acquisition also has certain risks.After the acquisition, the company lost its talent, resulting in the game not being developed, or the game not being produced at a high enough level.

Signing a VAM to keep the founder and all the talents of the company for two or three years should not be a big problem, and it can reduce the risk of some game development failures.

It's the price that's a bit of a headache.Zhang Yida can't afford hundreds of millions of dollars at present.

If Yimin Wangjin goes public, they can make some money to play with acquisitions.

Yello Mobile, established in 2012, is mainly engaged in mobile advertising, marketing, etc. It is one of the fastest unicorn companies in Korea.

It took only 10 months for the company to be valued at $27 billion from its inception...

How did it come about?Merged and acquired more than 70 companies.

The way is a bit wild, this kind of company, Zhang Yida thinks it's better to stay away from him!I don't know what's broken.

Then look at Woowa Brothers, the Korean version of "Magnesium Group".

In July 2011, the seed round financing of USD 7 was completed.

In February 2012, the A-round financing of US$2 was completed.

In July 2013, completed the B round of financing of US$7 million.

In March 2014, $3 million in Series C financing was completed.

In November 2014, completed the D round of financing of 11 million US dollars.

In March 2015, $3 million D+ round of financing was completed.

Although the financing is a bit "miniature", it is indeed at a steady pace. After 14 years, the business has improved greatly, and the financing amount has increased by dozens of times.

The current valuation is $5.55 million!
It's not too high, and it has a certain investment value. If you invest at this time, you should be able to double it by four or five times in two or three years.

L&P Cosmetics cosmetics company, which mainly sells facial masks, is valued at US$5 million.

It is not an Internet company or a technology company, Zhang Yida is not very interested.

Big Hit Entertainment, an entertainment economic company, was established in 05 and has been developing for 10 years.

There is a group of artists under the banner called "BTS", they are all sissies...

Pass directly!

If they are all girl groups, then it is not impossible to invest.Let's strengthen the friendship between China and South Korea!

Viva Republica, a P2P lending company.

This company is also Zhang Yida's most important thing, and it is also the business closest to the two groups of Ruixiang and Yimin.

In my previous life, I also had some impressions of the largest P2P company in South Korea. It started from P2P online lending and gradually expanded into a full financial service platform. The business includes payment, credit, loans, insurance, investment, etc.

The valuation is not high, between 1 million and 2 million US dollars.

If possible, Zhang Yida would like to make a strategic investment in him and set up a joint venture e-wallet in South Korea.

Both Indonesia and Singapore have Ruixiang's joint venture e-wallet companies, and South Korea has won 3 strongholds overseas.

After reading the company profiles in South Korea, Zhang Yida started looking at the profiles in India.

Founded in 2007 by two former Amazon employees, Sachin Bansal and Binny Bansal, Flipkart is the largest e-commerce retailer in India with over 3000 million members.

Valuation of over 110 billion U.S. dollars!
Zhang Yida remembered that the company seemed to be acquired by Wal-Mart for $160 billion.

If you invest in shares now, you can't make two money.

In addition, this size can't be offended. If you lose hundreds of millions of dollars, people won't even talk to you.

This company is currently the largest unicorn in India.

With the international giants Amazon and eaby, the Three Kingdoms Killing is being staged in India.

Paytm is the company Jack Ma invested some time ago.The valuation has risen again, to $40 billion.

A few months ago, it was only US$20 billion, and Ari and Leech Financial Services paid US$5 million for a 25% stake.

Recently, Ahri and Ant Financial have invested another 6 million US dollars, increasing their holdings by 15%, and their shareholding has risen to 40%.

This company has already become Ahri's prey, and the valuation is so high, Zhang Yida directly passed it.

Snapdeal, India's third largest e-commerce giant after Flipkart and Amazon, is valued at over $50 billion.

Ari has been flirting with this guy all the time, and news of business negotiations and investments has been spread frequently.

ShopClues, the fourth largest e-commerce company in India, is valued at $11 billion.

According to Zhang Yida's information, he is being hanged up and beaten by major e-commerce giants in Indonesia, which is very miserable.

In 2014, the Indian e-commerce market landscape has undergone tremendous changes. Flipkart and Snapdeal raised more than US$2014 million in funding in the second half of 7.

ShopClues has no money to play marketing and subsidy wars with major e-commerce giants, so it plans to avoid the battlefield in first-tier cities, expand users in second- and third-tier cities, strive for differentiated operations, and seek new development.

Zhang Yida feels similar to his own "Pin Duo Duo", they both follow the route of "surrounding the city from the countryside".

Zhang Yida thought: You can contact this company to seek development together in India.

Although ShopClues is currently under heavy pressure in India, there are still three catties of nails for broken ships, not to mention that this company is currently one of the few unicorns in India.

Ola, India's version of "Didi", is now at war with Uber.

According to the information, the company only spent US$3 million to acquire India’s second largest local taxi-hailing app in March, and the company’s valuation is between US$2 billion and US$10 billion.

I remember that Didi invested 5 million U.S. dollars in this company in the previous life, and won a large share of the equity.

Profitability of taxi-hailing software is a big problem. Not only is Uber such a giant, but also the second- and third-ranked taxi-hailing companies such as Didi and Lyft have suffered different degrees of decline in market value/valuation.

It is also written in the information that this company will launch a takeaway business Ola cafe and takeaway platforms Swiggy and Zomato.

In addition, the company also has a shareholder called Softbank.

Zhang Yida is also convinced, Boss Sun is really good, he has voted for taxi companies all over the world, Uber in the United States, Didi in China, Grab in Southeast Asia...

Zomato, the Indian version of "Dianping", is valued at US$2 million to US$3 million.

It also has a competitor that was established in August last year, called Swiggy, which is equivalent to the Indian version of "Eleme", with a lower valuation than it, costing tens of millions of dollars.

Zhang Yida wanted to invest in both companies.

InMobi, India's first unicorn company is also a global mobile advertising giant.

Douvision will enter the Indian market in the future, and it is inevitable to cooperate with him.

It sounds awesome, but the company's valuation has not risen for several years, and it has always been $10 billion.

It's okay to invest, but it's still possible to cooperate.

Quikr, the Indian version of “58.com”, has just completed a US$1.5 million Series B round of financing, with a valuation of over US$7.5 million.

The value-added potential is not great, so Zhang Yida quickly defined it.

Hike, the Indian version of "WeChat", was founded by "Wang Sicong" from India.His father is Indian telecom tycoon Sunil Bhatti Mittal.

Penguin's WeChat is not good for going to sea in India, so it supports this brother.

The valuation is a bit high, 5-8 million US dollars.

Byju's, the Indian version of "Talent Future", is valued at US$1-2 million.

It is still in a relatively early stage of development, but it will become the top five unicorns in India in a few years.

Zhang Yida had some impressions of this company and thought he could buy a share.

BillDesk, an online payment company, does not have much information. The last round of financing was the A round in 12 years, and there has been no financing in the past three years.

Mobikwik, also an e-wallet company, has just completed Series B financing of US$2500 million, with a valuation of no more than US$1 million.

For these two payment companies, Zhang Yida wants to acquire or hold one of them.

Jack Ma's set in India is very successful, and it can be copied to create an Indian version of "Mobao Pay".

PolicyBazaar, the Indian version of "Ping An Good Doctor", an insurance technology company, is valued at US$4 million.

Zhang Yida is also quite interested in this company, which is suitable as a strategic investment or acquisition target.

Delhivery, the Indian version of "Shunfeng Express", is valued at US$3-3.5 million.

OYO Hotel, founder Ritesh Agarwal, dropped out of school at the age of 17 to start a business...

Zhang Yida knew who this was.The brother's Chinese name is Li Taixi, and he later brought his business to China. OYO has also become a unicorn with a valuation of over US$50 billion.

This man dropped out of college to start a business. In 6 years, he built a 50 billion dollar unicorn.

Apart from himself, Zhang Yida thinks that he might be the most powerful cheater in recent years...

In the early years, there were Zuckerberg and Musk...

After carefully reading the materials of dozens of Indian companies submitted by Lan Lan, I looked at the summary given by Lan Lan:

Indian local investment institutions mainly invest in the seed stage and angel stage in the investment of Internet and technology start-ups. In the investment after the B round, due to the limitation of the amount of fund management, they are rarely able to continue to invest.

I suggest that the company mainly invests in mature projects, relays local Indian investment institutions, and focuses on companies in the B round and beyond.

Zhang Yida circled all the targets he was interested in, and planned to discuss it with Lan Lan tomorrow.

In addition, to complete the investment of so many projects, Ruixiang's funds are somewhat insufficient.

It hasn't been long since the second phase of the industrial fund was raised, and there is no way to raise it again in a short time.

An equity financing may be the only way.

(End of this chapter)