Category: Technology

  • valuation and Equity Research – Interview Questions

    This linked document has the list of topics/questions that I have covered in my LinkedIn posts. A snapshot of the document is presented below

    Read More

    //

  • My notes on Rajshree Polypack, a company that makes packaging for F&B industry

    As I have understood, there are two packaging types – rigid and flexible. In rigid packaging, there are broadly two methods to make packaging – Thermoforming and Injection Molding. In thermoforming, plastic rigid sheets are subjected to heat for molding into a desired shape. IM on the other hand, converts plastic pellets into molten material,…

    Read More

    //

  • Zomato IPO Valuation 2021

    After coming across so many polarized views, I couldn’t stop myself from valuing this much talked about IPO. While I had originally intended to value the entire business, I had to contend myself with valuing their major business segment of “food delivery”. I have not valued “dining out” and B2B “hyperpure” (which is into suppling…

    Read More

    //

  • Zuora – bet on subscription economy?

    Zuora was founded by Tien Tzuo (ex-chief strategy officer at Salesforce) in 2007. Tien coined the term subscription economy to define the shift taking place from product ownership to service consumption (Uber and Netflix are very relatable examples of companies that helped enhance the movement form car and dvd ownership to “as a service”). He…

    Read More

    //

  • Lyft Valuation Update – 2020

    In this writing, I dive into Lyft’s numbers again and value the firm as it battles the pandemic. Valuation is built on the expectation that after mobility levels recover, economies of scale will start taking effect in the mid-long term. Using rider based economics in my DCF valuation, I value existing active riders at ~$15…

    Read More

    //