Micro-PE investments @MalpaniVentures | Business, Startups, Tech, F1, Books and more :)
India
Joined April 2010
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Rahil retweeted
India’s manufacturing growth creates opportunities for businesses that improve factory productivity. We mapped 4 layers of enablers
India installed ~10,500 industrial robots in 2025, up 15% YoY and more than 2.4x the 2019 level
Our 1st layer: Factory Productivity & Automation🧵
DailyObjects has convinced value driven Indians to pay INR 1000 for a phone case that otherwise could be a cheap chinese INR 150 purchase. Recently raised INR 332 Crs at INR 1050 Crs post money valuation.
Here's what I think worked:
1. DailyObjects’ playbook is a bit different - lead with design and obsessed over quality and aesthetics.
2. Also, setup its own manufacturing facility instead of choosing to import from China and white label - gives more control over supply chain and quality.
3. Plus, people who are comfortable buying an INR 100,000 phone don't mind spending INR 1,000 for a premium case.
FY26 net revenue of ₹210 Crs, nearly 2x its FY25 revenue of ₹111 crore.
Good to see an Indian brand compete with Spigen, Rinke, Otterbox and other global brands.
Congratulations @pankajgargtwt Saurav Adlakha and @daily_objects team
A bit crazy that Aditya Birla announced entry into cable business in Sep'26 with Ultravolt.
The vendor who dragged Polycab to insolvency is Asier Metals Private Limited. One of the promoters of Asier (Anuj Bareja) served has additional director and director at Birla Copper Asoj Limited - a unit of Hindalco, Aditya Birla Group.
Strange for NCLAT to also stay insolvency proceedings and not see substance over form.
Sounds a bit crazy, but tiny possibility?
Polycab, a company worth ₹1,24,484 crores, has been dragged into insolvency.
The stock has been barred from being traded in derivatives (F&O) w.e.f. Dec 30.
It was dragged into an IBC proceeding just because of a ₹2.79 crore due to a vendor.
The news got out today and the company lost ₹1,735 crores' worth of market cap.
It is a good lesson for big companies who ill-treat their vendors.
Hi @elonmusk - are you being coerced to cut access from Ukraine?
What will happen to the people in rural areas who were benefiting from Starlink?
India also needs businesses around manufacturing:
finance, energy, logistics, skills, safety and cyber.
Hello founders enabling manufacturing - DMs are open :)
India makes only about 13-14% of its GDP in manufacturing.
Adding factories won’t close that gap alone. So we asked a different question: who are the enablers for the manufacturing economy?
Our deep dive on Manufacturing Enablers in India 🧵
@malpani @SaneDhruv
Rahil retweeted
India makes only about 13-14% of its GDP in manufacturing.
Adding factories won’t close that gap alone. So we asked a different question: who are the enablers for the manufacturing economy?
Our deep dive on Manufacturing Enablers in India 🧵
@malpani @SaneDhruv
She bought the house because prices in Madh island are all set to increase.
No one cares about the environment - all they care about is money.
Archana Puran Singh buying a massive new house just because Samay Raina promoted her YouTube channel on Latent 💀
-People think it's from decades of TV comedy but this is the real power of YouTube and heavy brand deals 😭
-She understood the business perfectly, so she literally launched a personal channel for every single son to farm that family vlogging ad revenue
-No wonder they walked into the new house and immediately started planning where to put the cameras for brand shoots instead of beds lmaoo
The influencer money glitch is actually insane wtff.
Rahil retweeted
I've visited Tadoba, Pench, Kanha, Gir, Periyar and Eravikulam, and every experience was completely different.
So I'm building a map of India's national parks: to capture my stories and to highlight the people on the front lines keeping these ecosystems alive.
Prosus (Amsterdam listed investor) is in talks to invest in Kiwi - credit cards for UPI solution provider.
Kiwi burned through INR 64 Crs in FY25.
Somehow I have never understood the hype around new aged credit card "fintech" companies. Scapia burned through INR 171 Crs in last 3 years. It's topline was INR 40.4 Crs last year.
Yes, I get it when Uber burned through ~$32 bn before turning profitable - that is still category creation.
Someone please educate me what am I missing ?!
No. of startups with $100 bn TAM and market opportunity
Rahil retweeted
We're hiring at @MalpaniVentures : Social Media & Content
(9-month paid internship, then full-time)
If you spend an unreasonable amount of time reading about companies, watching business YouTube, scrolling X for startup threads and thinking "someone should write about this", we'd like to hear from you.
@malpani
A founder started a lifestyle business selling bags, watches, jewellery and eyewear. He was doing decent revenue traction across all 4 ~ INR 10 Crs / month.
But there was a problem. He couldn't figure out how to grow beyond linear growth.
Then an infamous Indian investor asked him one question and explained "Revenue-market fit" .
And the founder became unstoppable, IPO'd his company and today it's worth $15 bn.
The investor had asked..
This is where I think founders confuse product-market fit with revenue-market fit.
Just because people are buying something doesn't mean you've found the market you should own. You can have PMF in multiple small markets.
Sustainable growth often comes from becoming exceptionally good at one large, structurally attractive market.
Lesson here for founders:
Your best-performing product isn't necessarily your most important product.
Sometimes the product making the most money is simply the one with the easiest economics today.
The real question is:
Which business can become 10x bigger if I give it 10x my attention?
Focus and obsession can create unparallelled moats.