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At Stellaris It's both top-down and bottom-up approach for you. Yes, indeed. So I would say it's a very healthy mixture Siddharth. We are in general a very thesis-driven investor, in the sense that while bottom-up trends will help us figure out which spaces to create a thesis on but once we do feel that there is activity in a certain space we then tend to build a thesis on that space in a fairly top-down approach. So to give you different examples in 2017 somewhere in the middle of the year we decided to build a thesis on the logistics base at large. Met initially about 70, 80 companies to build a thesis and narrowed down on franchisee lead logistics and part truck load businesses where we felt technology can can deliver a lot of value. Similarly one year later, we built a thesis on a little electric vehicles where we are very bullish on commercial two-wheelers space. But so we do build a top-down thesis in different spaces. Very recently we've built a thesis on businesses that gets because of speech recognition as a technology as well. But then there is a very strong bottoms up component. We can have what thesis we want to have but in the end we are not the ones creating companies, its entrepreneurs. So as entrepreneurs come to us, we marry those.. that those bottom up trends with the top down thesis and invest behind the bestteams. And let's say in the last six years of your investment life, which are the companies which have accelerated the fastest? So I would say that again the journey has been relatively short for me since it's only six years but multiple companies have done actually quite well. Whatfix today is about a thousand times from where I invested. Of course, please do keep in mind that thousand is on a small base because I invest.. I was a seed investor in Whatfix when I invested first. But the company has clearly scaled very rapidly. More recently Loadshare has been an example as well. They're about 30x of where I invested in them not actually that far back. At a different scale though Extria has grown very well as well. Extria was a late stage investment when I did it at Helion but despite a late stage investment they've actually done quite well in terms of scaling. So multiple companies have done well though, there are companies which have not done as well as I expected them to. And if we were to ask, you know, which markets didn't work out for you where you had a thesis? Got it. I would say it's been a bit of a mixture for me, the markets that have worked out well so far one certainly would be SAS. When I started investing in SAS back in 2013, the market was certainly in its infancy. Two things led me to believe in the market, number one was that I think SAS go to market is being redefined through a remote go to market mechanism that's possible from India today. You can build a pipeline through digital marketing and you can do sales on phone both of which can be done from India. And the second thing that was very prominent in SAS was the availability of new product oriented entrepreneurs coming out from India and that thesis has actually worked out well now we have both during my career at Helion and at Stellaris. We are back several companies in that space. Some other spaces are I would argue work in progress for me. I think logistics is still work in progress for me. I'm yet to make an investment in electric vehicles. But I'm very bullish on that space in India. The one market where I think it did not work out well for me was the language space which I am very bullish on now, I was very bullish on then but I think my timing was too early. We were still in the early phases of the market where we were dealing with the first 50 to 100 million users for whom English suffice for most part and I think again, I think it was a great space but the timing was a bit early. So as a lead, I would say seed investor or a series A investor, do you need validation from other investors to make that investment? Almost never. So at Stellaris we have now done 13 Investments, even though not all of them are announced and all of them we liked. So we first reach our own conclusion before we will talk to any other investor. Once we have conviction we will give a term sheet. There are situations where we do syndicate the term sheet, but we do that after we have given the offer to the company ourselves. So to answer your question, no, we don't look for validation from other people and to be honest it's actually very hard. Because even across a team of six investors in our own team, opinions don't match on any investment we do. So to expect that we will look for validation from other firms that actually for early stage investment in my opinion doesn't work out. And having a small team how do you are able to focus on so many sectors? So I think a lot of that has to do with the fact that at any point in time first of all, there are two modes. One, which I will call reactive and the other which I'll call proactive. So even though we are.. we invest across technology, all sectors, but there are sectors where we are proactively reaching out to companies vis-a-vis with them reaching out to us. So I will for myself I will take an example electric vehicles is that space. In the last six months we have now spoken to a hundred companies in that space. And we reach out to them, we are not waiting for them to come to us. There are other spaces where we have turned a bit more reactive today. So again logistics would be that space today barring one or two pockets of logistics, where we look at companies as they come as opposed to us being very proactive about reaching out, because we might be only chasing one or two very specific thesis now within logistics at this point in time. So that's one. Number two is that if you look at different partners, each of one of us have actually worked in those sectors for a while today. So I'll take an example Ritesh. Ritesh has been investing in health care I may be off in my numbers by one or two years, but for the last seven eight years at least. So there is a lot of muscle memory that you build as you invest in a space similarly for Rahul for e-commerce. He has been investing for a long time and there is a strong natural de-flow that comes, you're not essentially trying to educate yourself when every deal comes Siddharth, and that's what makes it easier to pursue those pieces. The other part that one has to keep in mind is that if you are a reasonable size fund, which is what we would argue we are it's not possible to build very theme specific funds. You need a lot of depth in the market to be able to build team specific funds.. funds as well. So to give you numbers we make one investment behind every 300 companies that we say. To build a fund or to to build a portfolio of 18 to 20 companies that effectively means that we need to look at at least 5,000 deals in a fund. If we constrain the space that we are looking at I would argue we don't have 5000 deals, in that space today in this country. So you do need to be broad-based from a portfolio construction perspective as well.