Forbes India – Abhishek Ganguly, Puma, Judit Polgár, Russia, Ukraine, Nitin Sharma, Antler India, VC, Vijay Shekhar Sharma, Fintech, Paytm: our best reads of the week


Every week, find the best long stories from Forbes India. Often peppered with our binge-worthy podcasts, videos, or infographics. Image: Shutterstock

1) The big cat roars
Abhishek Ganguly joined when Puma launched in India in 2005. The sportswear brand was the last to enter the desi market and its competitors had already consolidated their presence. Nike released FY06 sales of Rs 99 crore; Adidas was sitting well with a Rs 186 crore, and Reebok was on top of the heap with a staggering Rs 354 crore. Puma wasn’t the big cat and her underdog journey had just begun. This year, Puma has the loudest roar as it enters the Rs 2000 crore-earning club. Learn more about this exciting journey. Read more


2) Torments for the poster
Vijay Shekhar Sharma was once the poster child for India’s fintech revolution. Paytm started as a mobile recharge platform in 2010. In 2015 it became a unicorn. On May 23, 2017, it had become the only mobile wallet company at the time to obtain a payment banking license from RBI, taking full advantage of the digital push after demonetization. In November 2021, Paytm launched one of the most anticipated IPOs to raise up to $2.5 billion to fund expansion plans. The commercial part was subscribed 1.7 times, the institutional part was subscribed 2.8 times. Nothing has been going well since. Read more.

3) The enigma of the future
Russian troops invaded Ukraine on February 24 and since then the country has lain in ruins with continuous shelling and destruction. About 18,000 to 20,000 Indian students are enrolled in 33 medical universities in Ukraine. After the invasion, the Indian government organized special flights to evacuate students from the disrupted state. Although they are now safe at home, questions about the state of their education remain unanswered. With complicated government regulations and limited seats in India, uncertainty hangs over the future of aspiring doctors who have returned from a war-torn country. Read more

Discover

1) Play the long game
The phenomenal stock returns in the summer of 2020 and 2021 have given investors reason to keep their spirits up, as they strive to match the steps with the beats of this highly volatile market. However, signs of fatigue are setting in as risks increase and uncertainty weighs on the outlook for returns. Central banks will soon tighten the liquidity tap, the Russian-Ukrainian war has rocked the global economy with rising inflation and crude oil prices. What should an investor do in these times of high uncertainty and market volatility? Read more

2) From seed to sapling
(ad) Venture capitalists never invest blindfolded, despite what the title suggests. Company data gives them reasons to engage or not. The same goes for angel investors. But what happens to those who have only one idea to share? When there’s no data for diligence, it’s all about psychology rather than economics. “Pre-seed stage funding is about the idea, the belief, and the founder,” says Nitin Sharma, Partner at Antler India and Global Head of Blockchain at Antler. . Along with Rajiv Srivatsa, founder of Urban Ladder and now VC as a partner in Antler India, Sharma is spearheading the venture capital firm’s bold pre-seed bets in India. Is catching ’em too young the new name of the game? Read more

3) Russian exodus
Since Russia invaded Ukraine, the United States and its Western allies have isolated the country on the global economic platform by imposing heavy sanctions. Companies, for various reasons, have also decided to abandon ship. As of March 15, 2022, 380 major companies, including more than 150 global companies, from various sectors have announced a suspension of operations in Russia. Here is a list of companies with a global footprint that have severed ties with Russia in the past few days. For more
4) Judit Polgár on mastering a male-dominated game
In 1991, Judit Polgár became the youngest grandmaster at the age of 15. This Hungarian chess magician was also the only woman to ever be ranked among the top 10 in the world. Legends such as Garry Kasparov, Viswanathan Anand and Magnus Carlsen are on the list of 11 world champions she has defeated in her career. Pioneer and one of the greatest chess players of all time, Judit Polgár deciphers her ways of winning in this brand new episode of From the Field. look here

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