Lan Lan submitted dozens of lists of start-ups from South Korea and India to Zhang Yida, including company business introductions and founder team introductions, which added up to hundreds of pages...
Zhang Yida patiently read through it carefully.
g was established in 2010. The founder, Bom Kim, dropped out of Harvard Business School and returned to China to start his own business. It started as a Groupon-like group buying website.
Then it continued to transform and make efforts in logistics and warehousing, mobile terminals, flash sales and other directions. Just like Goudong, the most important advantage is "controlling the last mile of delivery and customer service experience"...
Zhang Yida thought this was pretty good, so he looked down.
SoftBank and G are conducting due diligence procedures. SoftBank’s investment of US$1 billion will acquire 20% of G’s equity, which means that G’s valuation has reached US$5 billion...
South Korea is a country with 50 million people. It is now valued at US$5 billion. Basically, there is not much room for the valuation to increase.
Besides, I couldn't afford to invest. Ruixiang Industrial Fund came back from wandering around Southeast Asia and had already spent a lot of money.
From the perspective of investment return ratio, it is most cost-effective to invest in companies with low valuations and large enough growth potential.
For example: Bluehole Blue Hole Studio is currently valued at only US$200 million.
Because the explosive "PlayerUnknown's Battlegrounds" has not yet been developed, it is currently only a somewhat famous game company in South Korea.
In its previous life, Penguin paid US$500 million to buy 10% of its shares, and its valuation has risen to US$5 billion.
There is no need to think about acquiring it. Penguin acquired it twice and was rejected.
That’s not right! Zhang Yida was shocked. When Penguin acquired the company, they had already completed PlayerUnknown’s Battlegrounds.
Why sell the company while guarding such a golden chicken that lays eggs?
Wouldn't it be better to let Penguin distribute the money for him at the front while he collects the money from behind?
Now, as long as you can afford the price, it doesn't necessarily mean you can't buy it.
Now its valuation is US$200 million. What if the premium is 50% and the price is N300 million? If it is not sold, can it be doubled and the price is N400 million?
Of course, this kind of acquisition also has certain risks. After the acquisition, the company loses its talent, resulting in the game not being developed, or the game not being produced to a high enough level.
Signing a bet to retain the founder and all the company's talents for two or three years should not be a big problem and can reduce the risk of some game development failures.
This price is a bit of a headache. Zhang Yida cannot afford hundreds of millions of dollars at the moment.
If Yimin Wangjin goes public, we can make some money to make acquisitions.
Yello Mobile was established in 2012. Its main business is mobile advertising, marketing, etc. It is one of the fastest companies in South Korea to become a unicorn.
It took the company only 27 months from its establishment to a valuation of US$1 billion...
How did it come about? It was formed by merging and acquiring more than 70 companies.
The path is a bit wild. Zhang Yida thinks it’s better to stay away from this kind of company! He doesn’t know what happened if it collapsed.
Next, watch Woowa Brothers, the Korean version of "Magnesium Group".
In July 2011, it completed a seed round of financing of US$270,000.
In February 2012, it completed Series A financing of US$530,000.
In July 2013, it completed Series B financing of US$1 million.
In March 2014, it completed US$12 million in Series C financing.
In November 2014, it completed USD 36 million in Series D financing.
In March 2015, it completed a D+ round of financing of US$11.1 million.
Although the financing is a bit "mini", the pace is indeed very steady. After 14 years of business, the business has improved greatly, and the financing amount has increased dozens of times.
The current valuation is $555 million!
It’s not too high, and it has a certain investment value. If you invest in it now, you should be able to double it four or five times in two or three years.
L&P etics cosmetics company, which mainly sells facial masks, is valued at US$500 million.
It's not an Internet company or a technology company, so Zhang Yida has little interest in it.
Big Hit E Entertainment Management Company was established in 2005 and has been in development for 10 years.
One of its artists has a group called "BTS", and they are all sissies...
Pass directly!
If they were all girl groups, it wouldn’t be impossible to invest in them. It would strengthen the friendship between China and South Korea!
Viva Republica, a P2P lending company.
This company is the one that Zhang Yida attaches most importance to, and it is also the one with the closest business relationship to Ruixiang and Yimin Groups.
In my previous life, I had some impressions of this largest P2P company in South Korea. It started from P2P online lending and gradually expanded into a full financial service platform, including payment, credit, loans, insurance, investment, etc.
The valuation is not high either, between US$100 million and US$200 million.
If possible, Zhang Yida would like to make strategic investment in him and set up a joint venture e-wallet in South Korea.
Indonesia and Singapore both have Ruixiang's joint venture e-wallet companies, and together with South Korea, they have gained 3 overseas bases.
After reading the Korean company information, Zhang Yida began to look through the Indian ones.
Flipkart was founded in 2007 by two former Amazon employees, Sachin Bansal and Bini Bansal. It is India's largest e-commerce retailer with more than 30 million members.
Valuation exceeds US$11 billion!
Zhang Yida remembered that this company seemed to have been acquired by Wal-Mart for US$16 billion.
If you invest in shares now, you won't be able to make even two cents.
Also, you can't afford to offend someone of this size. If you lose hundreds of millions of dollars, they won't even talk to you about it.
This company is currently the largest unicorn company in India.
Together with the international giants Amazon and eaby, they are staged the Three Kingdoms in India.
Paytm is the company that Jack Ma invested in some time ago. Its valuation has increased again, to US$4 billion.
It was only US$2 billion a few months ago, but Ali and Leech Financial paid US$500 million to acquire 25% of the shares.
Recently, Ali and Ant Financial have invested another US$600 million in the company, increasing their stake by 15%, bringing their shareholding to 40%.
This company has become Ali's prey, and its valuation was so high that Zhang Yida simply passed on it.
Snapdeal, India's third-largest e-commerce giant after Flipkart and Amazon, is valued at more than $5 billion.
Ahri has been flirting with this guy, and there are frequent reports of business negotiations and investments.
ShopClues, India's fourth largest e-commerce company, is valued at US$1.1 billion.
Zhang Yida read the information and said that he was being hung up and beaten by the major e-commerce giants in Indonesia. It was very miserable.
In 2014, the Indian e-commerce market pattern underwent tremendous changes. Flipkart and Snapdeal raised more than US$700 million in funding in the second half of 2014.
ShopClues does not have the money to engage in marketing and subsidy wars with major e-commerce giants, so it plans to avoid the battlefields of first-tier cities and go to second- and third-tier cities to expand users, strive for differentiated operations, and seek new development.
Zhang Yida feels that it is quite similar to his own "Pinduoduo", both of which followed the route of "surrounding the city from the countryside".
Zhang Yida thought to himself: You can contact this company and seek development together in India.
Although ShopClues is currently being severely suppressed in India, there are still three ounces of nails in the broken ship, not to mention that this company is still one of the few unicorns in India.
Ola, the Indian version of Didi, is currently at war with Uber.
According to the information, this company only spent US$200 million in March to acquire India's second largest local taxi-hailing app, with the company's valuation ranging from US$1 billion to US$1.5 billion.
I remember that in my previous life, Didi invested US$500 million in this company and took a large share of the equity.
Profitability of taxi-hailing software is a big problem. Not only giants like Uber, but also second- and third-ranking taxi-hailing companies like Didi and Lyft have experienced varying degrees of market value/valuation reductions.
The information also states that this company will launch the food delivery business Ola cafe and the food delivery platforms Swiggy and Zomato to compete.
In addition, the company also has a shareholder called SoftBank.
Zhang Yida was also convinced. Boss Sun is really good. He has invested in all the taxi companies around the world, including Uber in the United States, Didi in China, Grab in Southeast Asia...
Zomato, the Indian version of "Dianping", is valued at US$200 million to US$300 million.
It also has a competitor called Swiggy, which was established in August last year. It is equivalent to the Indian version of "Ele.me" and has a lower valuation than it, worth tens of millions of dollars.
Zhang Yida wanted to invest in both of these companies.
InMobi, India's first unicorn company and a global mobile advertising giant.
DouShi will enter the Indian market in the future, so cooperation with him is inevitable.
It sounds awesome, but the company's valuation has not increased in several years and has always been US$1 billion.
Forget about investment, cooperation is still possible.
Quikr, the Indian version of "58.com", has just completed US$150 million in Series B financing, with a valuation of over US$750 million.
The value-added potential is not great, Zhang Yida quickly defined it.
Hike, the Indian version of "WeChat", was founded by India's "Wang Shicong". His father is Indian telecom tycoon Sunil Bharti Mittal.
Penguin's WeChat had trouble going overseas in India, so it supported this brother.
The valuation is a bit high, between US$500 million and US$800 million.
Byju's, the Indian version of "TAL Future", is valued at US$100-200 million.
It is still in a relatively early stage of development, but it will become one of the top five unicorns in India in a few years.
Zhang Yida had some impressions of this company and thought he could invest in it.
BillDesk, an online payment company, does not have much information. The last round of financing was the Series A in 2012, 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$25 million, with a valuation of no more than US$100 million.
For these two payment companies, Zhang Yida wants to acquire or hold a controlling stake in one.
Jack Ma’s system in India is very successful and can be copied to create an Indian version of “Magic Pay”.
PolicyBazaar, the Indian version of "Ping An Good Doctor", is an insurance technology company with a valuation of US$400 million.
Zhang Yida is also very interested in this company, and it is suitable as a strategic investment or acquisition target.
Delhivery, the Indian version of "Shunfeng Express", is valued at US$300-350 million.
arwal, dropped out of school to start a business at the age of 17...
Zhang Yida knew who this was. This brother’s Chinese name was Li Taixi, and he later brought his business to China. OYO also became a unicorn with a valuation of over US$5 billion.
This man dropped out of college to start his own business, and in 6 years he built a unicorn worth US$5 billion.
Apart from himself, Zhang Yida feels that he may be the most powerful cheater in recent years...
A few years ago, there were Zuckerberg and Musk...
After carefully reading the information of dozens of Indian companies submitted by Lan Lan, he looked at the summary given by Lan Lan:
When investing in Internet and technology startups, Indian local investment institutions mainly invest in the seed stage and angel stage. In investments after Series B, they are rarely able to continue to invest due to limitations in the number of funds managed.
I suggest that the company mainly invests in mature-stage projects, relays to local investment institutions in India, and focuses on companies in Series B and beyond.
Zhang Yida circled all the targets he was interested in and prepared to discuss it with Lan Lan tomorrow.
In addition, to complete the investment in so many projects, Ruixiang's funds are somewhat insufficient.
The second phase of the industrial fund has only been raised not long ago, and there will be no way to raise more money in the short term.