The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
As of end of May, 197 privately held companies were valued at $1 bn and above with a combined net worth of $697 bn. These companies have raised $142 bn until now.
Other (includes, among others, Ed Tech, Aerospace and Augmented Reality / Virtual Reality)
What is a Unicorn? A Unicorn is a startup company which has a valuation of over $1 billion. To describe how rare such enterprises are, Venture Capitalist Aileen Lee had used this term in one of her articles. By the same token, decacorn are companies over $10 billion and hectocorn are companies valued over $100 bn.
Of these the top three sectors are: e-commerce / marketplace (17%), internet software & services (14%) and fintech (11%) which contribute to the top unicorns! The top guns in these three sectors are:
The most valuable company in the e-commerce/marketplace category is Airbnb ($29B), while Infor and Dropbox are the two most valuable companies operating in internet software & services, worth $10B and $9.4B, respectively. China’s Lu.com ($18.5B) is the most valuable private fintech company, followed by Stripe ($9.2B).
The top 5 Unicorns by their valuation are:
Uber ($68 billion)
Didi Chuxing ($50 billion)
Xiaomi ($46 billion)
Airbnb ($29 billion)
Palantir Technologies ($20 billion)
The countries where these companies are located are: USA (54%), China (23%), India (4%), the UK (4%), Germany (2%) and South Korea (2%). No other country has three or more private companies with a $1 bn valuation. One can say that the top four countries to set up a start-up are US, China, India and the UK.
Which of these companies will become the next Google or Microsoft is to be seen, but the future of the world is being defined today by these players!
Hindenburg Report on Adani was a camouflage. The real story is unfolding after that. The Economic Warfare being unleashed on India needs to be fully understood. An extremely in-depth analysis!
Remote work is now mainstream. It will manifest enormous changes in nations, societies, businesses and cultures. Its impact will result in new cities, education, corporations and communities.
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