TMS Ep570: Indian startup funding, Oberoi Group, Gold financiers, Governors

The global slowdown and increased scrutiny have put an end to India’s roaring startup party. From minting new unicorns almost every week, we only have one so far this year. But there are signs of a thaw in this funding winter. And this time, it’s desi businessmen who are taking the lead. But who are these new saviors of Indian startups?

Startup founders can also learn a lot from traditional companies. There is no end to the success stories of Indian entrepreneurs. One of those leading figures died last week. Prithvi Raj Singh Oberoi, who was known as Biki Oberoi, has left a legacy that will inspire people for years to come. But what after him? What’s next for Oberoi Group?

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Meanwhile, Oberoi Reality’s recent move to enter the Delhi-NCR market increased its market share by over 4% this week. Moving on, shares of Manappuram Finance and Muthoot Finance have been in demand on the stock exchanges ever since the duo announced their September quarter results. The shares have risen to 13 percent, while the benchmark Sensex index rose 1 percent. Will the gold financiers’ rally continue if gold prices continue to rise? Or will it lose its steam amid the RBI’s recent directive on unsecured loans?

Interestingly, Nilesh Shah, part-time member of the Prime Minister’s Economic Advisory Council, is unimpressed by India’s love for the yellow metal. Shah claimed this week that India’s dream of becoming a $5 trillion economy could have been achieved “long earlier” had it not been for the practice of importing gold. Many disagree, as it is an age-old debate. Ahead, another age-old debate echoes in the Supreme Court chamber. Four opposition-ruled states have approached the Supreme Court, saying the governor has gone too far. In today’s episode of the podcast, we talk more about the recent controversy and also decipher the governor’s power.