Lan Lan submitted a list of dozens of start-ups in South Korea and India to Zhang Yida, including the company's business introduction and the introduction of the founder team, adding up to hundreds of pages......

Zhang Yida was patient and read it carefully.

Coupang, founded in 2010 by Bom Kim, who dropped out of Harvard Business School and returned to China to start his own business, started as a groupon-like group buying website.

After that, it continued to transform and make efforts in logistics and warehousing, mobile terminals, flash sales and other directions, just like Goudong, the most important advantage is to "control the last mile delivery and customer service experience......

Zhang Yida felt that this was not bad, and then looked down.

SoftBank and Coupang are undergoing due diligence procedures, and SoftBank will invest $1 billion to acquire a 20% stake in Coupang, which means that Coupang's valuation has reached $5 billion......

South Korea is a country of 50 million people, and it is now valued at $5 billion, and basically there is not much room for valuation growth.

Besides, I can't afford to vote. Ruixiang Industrial Fund has come back in Southeast Asia, and the funds have been spent.

From the perspective of the investment-return ratio, it is the most cost-effective to find the kind of company with low valuation and large enough growth potential to invest.

For example, Bluehole Studios is now valued at a mere $200 million.

Because the bombing "PlayerUnknown's Battlegrounds" has not yet been developed, it is currently a somewhat well-known game company in South Korea.

In the previous life, Penguin took $500 million to buy 10% of its shares, and its valuation has risen to $5 billion.

If you buy it, you don't have to think about it, Penguin has been rejected twice for purchases.

Zhang Yida was shocked, when Penguin bought someone's house, they had already made PUBG.

Guarding such a golden rooster that lays eggs, why sell the company?

Isn't it good to let the penguin give him a hard release in the front, and he collects money in the back?

Now, as long as you can afford it, you don't have to be able to buy it.

Now it's valued at $200 million, and if it's a 50% premium for 300 million, if it doesn't sell, it's doubled for 400 million?

Of course, there are certain risks associated with such acquisitions. The loss of talent after the acquisition resulted in the game not being developed or not being made to a high enough level.

Signing a bet and keeping the founder and all the talents of the company for two or three years should not be a big problem and can reduce the risk of some game development failures.

It's just that the price is a bit of a headache. Zhang Yida can't afford hundreds of millions of dollars at the moment.

If Yimin Netfinance is listed, it can make some money to play with the acquisition.

Yello Mobile, founded in 2012, is one of the fastest companies in Korea to become a unicorn in Korea, mainly in mobile advertising, marketing, etc.

It took only 27 months for the company to go from inception to a valuation of $1 billion......

How did it come about? It is made up of more than 70 companies.

The road is a bit wild, this kind of company, Zhang Yida thinks it's better to stay away from him!

Then watch Woowa Brothers, the Korean version of "Magnesium Ball".

In July 2011, it completed a seed round of financing of 270,000 US dollars.

In February 2012, it completed a Series A financing of 530,000 US dollars.

In July 2013, it completed a $1 million Series B financing.

In March 2014, it completed a $12 million Series C financing.

In November 2014, it completed a $36 million Series D financing.

In March 2015, it completed a $11.1 million D+ round of financing.

Although the financing is a bit "mini", it is indeed a very steady pace, and the business has improved greatly after 14 years, and the amount of financing has increased dozens of times.

The current valuation is $555 million!

It's not too high, it has a certain investment value, and at this time, the shares, in two or three years, should be able to increase four or five times.

L&P Cosmetics, a cosmetics company that sells mainly facial masks, is valued at $500 million.

It's not an Internet company or a technology company, and Zhang Yida has little interest.

Big Hit Entertainment, established in 05, has been in development for 10 years.

What kind of group is called "BTS" among its artists, all of which are sissies......

Direct pass!

If it's all a girl group, it's not that you can't invest. Strengthen the friendship between China and South Korea!

Viva Republica, a P2P lending company.

This company is also the most important to Zhang Yida, and it is also the closest to the business of Ruixiang and Yimin.

In my previous life, I also had some impressions of this largest P2P company in South Korea, which started with P2P online lending and gradually expanded into a full financial service platform, with businesses including payment, credit, loans, insurance, investment, etc.

The valuation is not high, between 100 million ~ 200 million US dollars.

If he can, Zhang Yida wants to make a strategic investment in him and build a joint venture e-wallet in South Korea.

Indonesia and Singapore have joint venture e-wallet companies in Ruixiang, plus South Korea, so they have won 3 bases overseas.

After reading the South Korean company information, Zhang Yida began to look at the Indian one again.

Founded in 2007 by two former Amazon employees, Sachin and Bini Bansar, Flipkart is India's largest e-commerce retailer with more than 30 million members.

Valued at over $11 billion!

Zhang Yida remembers that the company seemed to be acquired by Walmart for $16 billion.

Now that I am a shareholder, I can't make two dollars.

And this volume can't be provoked, if it's a few hundred million dollars, people won't talk to you.

The company is also currently the largest unicorn in India.

is staging a three-country killing with international giants Amazon and EABY in India.

Paytm is the company that Jack Ma invested in some time ago. Valuations have risen again, $4 billion.

A few months ago, it was only $2 billion, and Ahri and Leech Gold paid $500 million to take a 25% stake.

Recently, Ahri and Ant Financial invested another $600 million, increasing their stake by 15%, and their shareholding has risen to 40%.

This company has become the prey of Ahri, and the valuation is so high, Zhang Yida passed it directly.

Snapdeal, India's third-largest e-commerce giant after Flipkart and Amazon, is valued at more than $5 billion.

Ahri has been eye-to-eye with this goods, and there are frequent news of business negotiations and investment.

ShopClues, India's fourth-largest e-commerce company, is valued at $1.1 billion.

Zhang Yida looked at what was written on the information and was being hung up and beaten by Indonesia's major e-commerce giants, which was very miserable.

In 2014, the Indian e-commerce market landscape changed dramatically. Flipkart and Snapdeal raised more than $700 million in the second half of 2014.

ShopClues has no money to play marketing and subsidy wars with major e-commerce giants, so it is ready to avoid the battlefield in first-tier cities, expand users in second- and third-tier cities, strive for differentiated operations, and seek new development.

Zhang Yida feels quite similar to his own "spelling", both of which take the route of "rural areas surrounding cities".

Zhang Yida said: You can contact this company and seek common development in India.

Although ShopClues is currently being suppressed quite badly in India, it also has three pounds of nails in the broken ship, not to mention that this company is currently one of the few unicorns in India.

Ola, the Indian version of "Didi", is now in a battle with Uber.

According to the information, the company only spent $200 million in March to acquire India's second largest local ride-hailing app, and the company's valuation is between $1 billion ~ $1.5 billion.

I remember that in my previous life, Didi also invested $500 million in this company and won a large share of the equity.

The profitability of ride-hailing software is a big problem, not only giants like Uber, but also second- and third-ranked ride-hailing companies like Didi and Lyft, whose market capitalization/valuation have been lowered to varying degrees.

It is also written on the information that this company is going to launch a food delivery business Ola cafe and food delivery platforms Swiggy and Zomato to fight in the ring.

In addition, the company also has a shareholder called SoftBank.

Zhang Yida is also convinced, Boss Sun is really powerful, and he has invested in taxi companies all over the world, Uber in the United States, Didi in China, and Grab in Southeast Asia......

Zomato, the Indian version of "Dianping", is valued at 200 million ~ 300 million US dollars.

It also has a competitor called Swiggy, which was established only in August last year, which is equivalent to the Indian version of "Ele.me", with a lower valuation than it, and tens of millions of dollars.

Zhang Yida wants to invest in both companies.

InMobi, India's first unicorn and a global mobile advertising giant.

If Doushi wants to enter the Indian market in the future, it is inevitable to cooperate with him.

It sounds bullish, but the company's valuation hasn't risen for a few years, and it's always been $1 billion.

Even if you invest, it's still okay to cooperate.

Quikr, the Indian version of "58.com", has just completed a $150 million Series B financing with a valuation of over $750 million.

The potential for added value is not large, and Zhang Yida quickly defined it.

Hike, the Indian version of "WeChat", was founded by the Indian "Wang Tear Cong". His father was Indian telecom tycoon Sunil Bhatti Mittal.

The penguin's WeChat was not good for going to sea in India, so it supported the brother.

The valuation is a bit large, $5-$800 million.

Byju's, India's version of "Good Future", is valued at $100 million to $200 million.

It is still in a relatively early stage of development, but in a few years it will become one of the top five unicorns in India.

Zhang Yida has some impressions of this company and thinks that he can invest in a stake.

BillDesk, an online payment company, does not have much information, and the last round of financing has been Series A for 12 years, and there has been no financing in the past three years.

Mobikwik, also an e-wallet company, has just closed a $25 million Series B funding round at a valuation of no more than $100 million.

For these two payment companies, Zhang Yida wants to acquire or control one.

Jack Ma's set in India is very successful, and it can be copied to create an Indian version of "Mobao Payment".

PolicyBazaar, India's version of "Ping An Good Doctor", an insurtech company valued at $400 million.

Zhang Yida is also very interested in this company, which is suitable as a strategic investment or acquisition target.

Delhivery, the Indian version of "Shunfeng Express", is valued at 3~350 million US dollars.

OYO Hotels, founder Ritesh Agarwal, dropped out of school at the age of 17 to start his own business......

Zhang Yida knew who it was. The brother's Chinese name is Li Taixi, and he later did business in China. OYO has also become a unicorn with a valuation of more than $5 billion.

This person dropped out of college to start a business, and in 6 years, he made a unicorn with a $5 billion dollar.

In addition to himself, Zhang Yida feels that he may be the most powerful person in recent years......

There was Zuckerberg and Musk in the early years......

After carefully reading the information of dozens of Indian companies submitted by Lan Lan, I looked at the summary given by Lan Lan:

In the investment of Internet and technology start-ups, Indian local investment institutions mainly invest in the seed stage and angel stage, and in the investment after the B round, due to the limitation of the number of funds under management, they can rarely continue to increase investment.

I suggest that the company mainly invest in mature projects, relay to local investment institutions in India, and focus on Series B and beyond enterprises.

Zhang Yida circled all the intended goals and prepared to discuss them with Lan Lan tomorrow.

In addition, to complete the investment of so many projects, Ruixiang's funds are somewhat insufficient.

The second phase of the industrial fund has only been raised for a long time, and there is no way to raise it again in a short time.

An equity financing may be the only way to go.