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Newsletter

The World As We See It

November 2019

Global

Global macro, as we anticipated, remains challenging. Business sentiment remains subdued across the board even as trade disputes, famously the US-China dialogue, continue to throw a spanner in the works. Rates are expected to remain lower for longer as is evident in market pricing all across. Outstanding debt instruments earning a negative yield continue to build up with recent estimates pegging that number well over US$15 trillion.

Paltry yields provided…

How Do We Think Of Competitive Forces In Our Evaluation Process For Startups?

November 2019

Over the last one year, we have expanded on various factors that we, as investors, look at while evaluating an investment opportunity. We have shared our thoughts on two very important aspects: the team and the market opportunity. Once we derive comfort with the team and size of the market opportunity, it is time to focus and understand the competitive landscape.

We cannot highlight the number of times we have heard, “We…


Digital India

• 17th Sep, 19  

By Rajesh Sehgal (Managing Partner, Equanimity Investments)

This article was published in the Q2 2019 edition of BDO India's The PEriodical, a Quarterly Private Equity Newsletter 

Various estimates, including World Bank, IMF, ADB and a variety of rating agencies, peg India’s growth rate to be in the region of 7% per annum, over the foreseeable future. Prime Minister, Narendra Modi has set a target of making India a USD 05 trillion economy by 2024. This implies a near doubling…

 

New kids on the block - India's startups

• 12th Sep, 19  

By Rajesh Sehgal (Managing Partner, Equanimity Investments)

If you drill down to the basics, you will realise the true reason why you invest at all. It is to generate returns so that you are able to create a nest egg for your future years. It is to ensure that your money is working as hard as you are for all your productive years, and provides you with a cushion in your time of need. So, how…

 

The Return Of Emerging Markets

• 18th Feb, 19  

By Mark Mobius (Investor and Investment Committee Member, Equanimity Investments)

Emerging markets have suffered a downturn in 2018. The threat and then reality of a trade war, accompanied by the strengthening dollar, have contributed to a bear market. Currencies have weakened in the vast majority of developing nations, while Turkey and Argentina have suffered a financial crisis. The MSCI Index has fallen around 16% so far this year.

While this all sounds like bad news, there are…

 

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