Market Recap: Weekly Update

(December 16, 2023)

YTD refers the Returns from January 1, 2023 till December 15, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top gainers: HCL Technologies (9.32%), LTIMindtree (7.37%), Hindalco Indus. (7.09%), NTPC (7.03%), Tech Mahindra (6.59%).
• U.S. Federal Reserve, RBI keeps interest rates unchanged.
• Doms Industries IPO: Issue subscribed 93.4 times, generating bids worth Rs 65,293 crore.
• IPO of India Shelter Finance Corporation, which also concluded on Friday, was subscribed nearly 37 times.
• IPO of Inox India was subscribed seven times on the penultimate day of its issue.
• Indian exports declined 2.8 per cent year-on-year to $33.9 billion in November, while imports dipped 4.3 per cent to $54.5 billion, leading to the narrowing of the trade deficit at $20.6 billion.

Startup, M&A Deals

• Sports company Agilitas Sports raised Rs 100 crore (about $12 million) from Nexus Venture Partners.
• Menswear fashion brand Snitch‎ raised Rs 110 crore (about $13.2 million) from SWC Global and IvyCap Ventures Advisors Private Limited.
• EV startup Exponent Energy raised $26.4 million from Eight Roads Ventures and TDK Ventures.
• B2B e-commerce startup Udaan raised $340 million from M&G Plc, Lightspeed, and DST in an equity and debt transaction.
• Aye Finance raised Rs 310 crore (about $37.2 million) from British International Investment (BII), The Waterfield Fund of Funds, and A91 Partners.
• Mirae Asset acquires Sharekhan for ₹3000 crore.

Checkout the last week’s Market trends here: Market Recap (December 9, 2023)

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Market Recap: Weekly Update

(December 9, 2023)

YTD refers the Returns from January 1, 2023 till December 8, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top gainers: Adani Ports & Special Economic Zone (23.57%), Adani Enterprises (19.45%), Power Grid Corporation (8.75%), SBI (7.42%), Bharat Petroleum (7.41%).
• The OPEC+ agreed last week to new voluntary cuts of about 2.2 million barrels per day, led by Saudi Arabia and Russia.
• The Indian economy grew 7.6% during the July-September quarter for fiscal 2023-24 (Q2FY24).
• The Year 2023 has been a fantastic year for IPO investors, with its top 10 listing IPOs reporting an average listing gain of 83.2%.
• RBI, Bank of England sign MoU on co-operation and information exchange related to CCIL.

Startup, M&A Deals

• CoreEL Technologies has raised $16 million from 360 ONE Asset Management.
• D2C startup The Sleep Company raised $22 million from Premji Invest and Fireside Ventures.
• Dairy fintech startup Digivriddhi Technologies raised $6 million from Omidyar Network India, Omnivore and InfoEdge Ventures.
• Gen AI startup Sarvam AI raised $41 million in Series A round led by Lightspeed Venture Partnersand supported by Peak XV Partners and Khosla Ventures.
• PCBL board okays buyout of Pune-based Aquapharm Chemicals for ₹3,800 crore.
• Jubilant FoodWorks to acquire the remaining 51.16% of DP Eurasia for €73.36 million via a subsidiary.

Check out the last week’s Market trends here: Market Recap (December 2, 2023)

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Check out: Market Recap – Weekly Update (December 16, 2023)

Introduction:

Edtech, or educational technology, is revolutionizing how India learns. Imagine ditching heavy textbooks and tuning into interactive lessons, catching up with missed classes through recorded videos, or learning at your own pace with personalized plans. That’s the magic of edtech!

Fueled by a pandemic that pushed us online and a nation brimming with young minds, Indian edtech has boomed. Startups are filling the gaps in our traditional system, offering high-quality content that’s affordable and accessible, even in remote areas. No more teacher shortages or one-size-fits-all learning. Edtech is personalizing education, making it more engaging and effective than ever before. With its focus on innovation and a supportive ecosystem, India’s edtech story is just beginning. From villages to metros, edtech is leveling the learning field in India.

Key Indian Players in the EdTech Space

Growth Drivers for the EdTech Industry:

1. High Internet Penetration:

   • Active internet users in India expected to reach 900 million by 2025.
   • Growing smartphone use drives internet access, with users spending an average of 2 hours online daily.

2. Penetration of Smart Devices:

   • Global IoT connections expected to grow by 18% to 14.4 billion by the end of 2022.
   • Deeper penetration of high-speed internet and smartphones creates a robust network, fostering edtech opportunities.

3. Increasing Online Content Consumption:

   • Video consumption estimated to rise to 77% by 2022 (from 58% in 2017).
   • Edtech startups focusing on video content align with the growing trend in online educational consumption.

4. Young Employable Population:

   • Working population (15 to 64 years) comprises over 68% of India’s total population (2021).

   • Edtech startups targeting this demographic witness demand for skill development and certifications.

5. Increased Demand for Skilled Professionals:

   • New-age technologies (ML, AI, blockchain) create job opportunities with specific skill requirements.
   • Anticipated entry of 280 million individuals into the job market by 2050 drives demand for online reskilling platforms.

The following are some the KPIs to be considered which evaluating Edtech Startups/ Companies:

Teacher Retention:

• Indicates satisfaction and engagement of educators.
• High retention suggests a positive experience for teachers.
• Positively impacts student outcomes.

Student Churn:

• Reflects the rate at which students discontinue platform usage.
• Low churn indicates value in content and features.
• High churn may signal issues with engagement, relevance, or user experience.

Net Promoter Score (NPS):

• Measures likelihood of user recommendations.
• High NPS signifies satisfied users likely to promote.
• Monitors user satisfaction and perceived platform value.

Paid / Free Users:

• Gauges the ratio of paid to free users.
• Balances freemium or trial offerings effectiveness.
• Indicates success of monetization strategy and premium features’ perceived value.

Customer Acquisition Cost (CAC):

• Measures cost of acquiring a new customer.
• Lower CAC indicates efficient marketing and sales.
• Balances with Customer Lifetime Value (CLTV) for sustainable growth.

Customer Lifetime Value (CLTV):

• Estimates total revenue expected from a customer.
• Higher CLTV relative to CAC indicates a solid return on investment.
• Reflects long-term value from acquiring and retaining customers.

Gross Margin:

• Represents percentage of revenue exceeding cost of goods sold.
• Healthy gross margin is essential for financial sustainability.
• Indicates production efficiency and ability to cover expenses.

Customer Growth Rate:

• Measures speed of customer base expansion.
• Steady and sustainable growth is preferable.
• Rapid growth should consider scalability and quality maintenance.

Conclusion:

From dusty classrooms to digital classrooms, India’s education revolution is here, powered by edtech. With young minds, rising internet access, and a hunger for skills, the future of learning is bright. By understanding the key drivers like internet penetration, smartphone adoption, and changing content consumption habits, edtech startups can tailor their offerings to unlock the potential of India’s vast talent pool. India’s edtech ecosystem presents a compelling opportunity. While enthusiasm is warranted, a discerning approach is crucial. One must carefully evaluate the companies based on the parameters mentioned in the above article before making an investment decision.

Read about: India’s Electronics Sector and its Phenomenal Growth Potential

Market Recap: Weekly Update

(December 2, 2023)

YTD refers the Returns from January 1, 2023 till December 1, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Axis Bank Ltd. (9.53%), Britannia Ind. (7.03%), Bharat Petroleum (6.67%), Adani Enterprises (6.17%), Hero MotoCorp (5.96%).
• FIIs make a stellar comeback! Turn net buyers in last 4 sessions with net inflow of ₹10,593 crore
• Flair Writing signs in to Dalal Street with 66% premium over issue price.
• Tata Tech IPO investors make 180% return on Day 1.
• Deepak Chemtex IPO: Issue subscribed more than 403times on the last day.
• Annual inflation in the euro zone cooled to 2.4% in November from 2.9% in October.

Startup, M&A Deals

•  Clove Dental parent gets $50 million from Qatar Investment Authority.
• PE firm Faering Capital invests $30 mn in Vastu Housing Finance.
• Dell Inks $150 Million Hardware Deal With AI Startup Imbue.
• Microsoft adds $10 billion to investment in ChatGPT maker OpenAI.
• BlueVoyant acquires cyber defense company Conquest Cyber, raises $140M.
• CarDekho acquires Revv to enter shared mobility.
• UltraTech Cement to buy Kesoram’s cement business in Rs 5,379-cr deal, announces swap ratio of 1:52

Checkout the last week’s Market trends here: Market Recap (November 25, 2023)

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Read about: Market Recap – Weekly Update (December 9, 2023) 

Market Recap: Weekly Update

(November 25, 2023)

YTD refers the Returns from January 1, 2023 till November 24, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Hero MotoCorp (6.41%), Bajaj Auto (5.31%), Bharat Petroleum (5.21%), Divi’s Lab (4.55%), Bharti Airtel (2.73%).
• Tata Technologies IPO closes with subscription of nearly 70x and bids worth ₹1.56 lakh crore.
• Gandhar Oil Refinery IPO Final Day: Issue subscribed 64.07 times.
• Mamaearth Q2 Results: Honasa Consumers net profit doubles to ₹30 crore in first results post listing, revenue up 21%.
• ESAF SFB Q2 results: Net profit jumps 145% to Rs 140 crore.

Startup, M&A Deals

• Fintech startup Kiwi raised $13 million from Omidyar Network India, Nexus Venture Partners, and Stellaris Venture Partners.
• EV startup Baaz Bikes raised $8 million from BIG Capital, Rakuten Capital, Kalaari Capital, 9Unicorns, and Sumant Sinha.
• Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, raised $8 million in a Series D funding round led by Sanket Parekh of the Pidilite Family Office.
• Scapia, a fintech firm, raised $23 million in a Series A funding round led by Elevation Capital and 3STATE Ventures.
• Fortis sells Chennai hospital to MGM Healthcare for Rs 128 crore.

Checkout the last week’s Market trends here: Market Recap (November 18, 2023)

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Market Recap: Weekly Update

(November 18, 2023)

YTD refers the Returns from January 1, 2023 till November 17, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Eicher Motors Ltd. (9.17%), Hero Moto Corp Ltd. (7.39%), Coal India (6.76%), Tech Mahindra (5.68%), TCS (5.07%).
• Bank, NBFC Stocks decline as RBI tightens consumer loan norms.
• Manappuram Finance Q2 Results: Consolidated net profit of ₹560.65 crore, marking a growth of 37 percent as compared to ₹409.5 crore clocked in the year-ago period.
• Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit.Revenue from operations grew 27% to 44.15 billion rupees.
• Apollo Hospitals Q2 Results: Revenue rises 14% to ₹4,847 crore. The revenue for the quarter under review rose 14% to ₹4,847 crore.

Startup, M&A Deals

• CoverSelf Gets $8.2 Mn From BEENEXT, 3one4 To Streamline Healthcare Claims & Payments.
• Medtech startup Inito raises $6 million in series a funding led by Fireside Ventures.
• ShareChat Co-Founders’ General Autonomy, Secures $3M in Funding to Revolutionize Factory Automation.
• CENTA, a startup focused on teacher accreditation, secures $1 million in funding.
• Temasek-backed DeHaat acquires Freshtrop’s fruit export business
• Bakingo, the omnichannel bakery brand with a major focus on cakes, has raised $16 million as growth capital from Faering Capital in its first external funding.

Checkout the last week’s Market trends here: Market Recap (November 11, 2023)

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Market Recap: Weekly Update

(November 11, 2023)

YTD refers the Returns from January 1, 2023 till November 10, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 top Gainers: Bharat Petroleum (6.24%), Divi’s Lab (4.25%), L&T (4.19%), Axis Bank Ltd. (4.19%), Bajaj Finserv (3.9%).
• Crude oil prices fell below $78 a barrel to their lowest since July.
• ONGC Q2 Results: Net profit rises 142% to ₹16,553 crore, revenue down 13% YoY.
• LIC Q2 Results: Net profit drops 50% to Rs 7925 cr, net premium income falls to Rs 1.07 lakh crore.
• Coal India Q2 Results: Net profit rises 12% to ₹6,813 crore, revenue up 10% YoY.
• M&M Q2 Results: Net profit jumps 67% to ₹3,452 crore; revenue rises 16% YoY.

Startup, M&A Deals

• Audiology startup Hearing Solution (Hearzap) raised Rs 50 crore (~$6 million) from 360 One Healthcare Opportunities Fund.
• EV maker Euler Motors raised Rs 120 crore ($14.3 million approx) from British International Investment (BII) and Green Frontier Capital.
• Logistics startup Xpressbees raised $80 million from Teachers’ Venture Growth (TVG).
• Eris Lifesciences to buy derma, nephro units of Biocon Biologics for Rs 366 cr.
• Keystone Realtors makes major acquisition of Realgem Buildtech, for over Rs 231.42 crore.
• Car service and repair firm GoMechanic raised $6 million in fresh capital.

Checkout the last week’s Market trends here: Market Recap (October 28, 2023)

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Market Recap: Weekly Update

(October 28, 2023)

YTD refers the Returns from January 1, 2023 till October 27, 2023

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

FII

DII

Key Market Updates

• Nifty 50 Top gainers: Axis Bank Ltd., HCL Technologies Ltd, Coal India ltd.
• NIFTY 50 Top losers: UPL, Adani Enterprises, HDFC Life Insurance, JSW Steel Ltd, Asian Paints Ltd.
• RIL Q2 results: Net profit rises 30% YoY to Rs 19,878, Gross revenue stood at 2.55 lakh crore.
• Asian Paints Q2 Results: PAT soars 53% YoY to Rs 1,232 crore. Revenue from operations increased just 0.2% YoY to Rs 8,478.6.
• Maruti Suzuki Q2 Results: Net profit jumps 80% YoY to ₹3,716.5 crore.
• Dr Reddy’s Q2 Results: Net profit rises 33% to ₹1,482 crore, revenue up 9% YoY.

Startup, M&A Deals

• Ola Electric raised Rs 3,200 crore ($380 million) in equity and debt funding from Temasek and State Bank of India.
• PMI Electro Mobility, the electric bus manufacturer, raised Rs 250 crore ($30 million) from Piramal Alternatives, Piramal Group’s fund management business.
• Husk Power Systems Raises $43 Million To Drive Renewable Energy Expansion In Africa And Asia
• SaaS startup Blubirch raised $6.37 million from Cornerstone Ventures and Capital2B.
• Aditya Birla’s Tmrw invests Rs 155 crore in The Indian Garage Co.
• Future Group takes control of Aadhaar Wholesale Trading and Distribution.

Checkout the last week’s Market trends here: Market Recap (October 21, 2023)

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