After the BBPay inspection, Zhang Yida visited five companies, including Ola, Zomato, Byju's, PolicyBazaar, and Delhivery.

These five companies are involved in five fields, including transportation, takeaway catering, online education, online medical care, and logistics and express delivery.

None of the valuations are particularly high at the moment, and most of them are still in the range of hundreds of millions of dollars.

After Ruixiang received $2.5 billion in Series D financing last year, Lanlan stepped forward and invested a total of $290 million in these five companies, and obtained 6.67%-25% of the shares of the five companies.

Zhang Yida came to them, in addition to caring about the development of each company, he mainly chatted with them about the cooperation of BBPay.

Several founders are also more knowledgeable, and have agreed to help BBPay attract new users and reach a strategic partnership with BBPay.

Zhang Yida was very satisfied with the attitude of several founders, and also said that in the following days, Ruixiang Group will continue to support them, and financing is not a matter, although he speaks.

Zhang Yida sent Lanlan to India to invest at that time, in addition to the financial investment to generate high returns on the cash on Ruixiang's account, it also has the meaning of a heavy industrial layout.

Now that this move has finally shown its effect, BBPay will definitely usher in a wave of rising users after several new application scenarios such as taxi and food delivery.

……

At OYO Hotels' India headquarters, I met the company's founder and CEO, Lides Agarwal, who is also known as "Li Taixi" in Chinese.

Lee Tae-hee was born in November 1993, just over a year older than Jang Yi-da, and he is equally curious about him.

Previously, when Lan Lan came forward to represent Zhang Yida's private investment of 100 million US dollars, he expressed great favor and respect for Zhang Yida, and Tolan Lan replied to Zhang Yida, saying that he was coming to China to visit Zhang Yida.

But because of the company's busy business, his trip to China has not begun.

"Hello, Mr. Agarwal. ”

Zhang Yida looked at the Indian "youngest self-made entrepreneur" with slightly convex eyes, dark complexion, and slightly curly hair in front of him, shook hands with him, and chatted enthusiastically.

"Hello Mr. Zhang, you can call my Chinese name "Li Taixi", or Xiao Li is fine. ”

Lee Tae-hee gives people a very gentle feeling, and in just a few words, they shorten the sense of distance between each other.

However, Zhang Yida is not surprised at all that a young entrepreneur can make today's high achievements, or in a country like India, there must be two brushes.

Whether it is affinity or talkativeness, they are all skills that add points to entrepreneurs.

Lee Tae-hee complimented: "I have also heard your entrepreneurial story in India, starting a business at the age of 18 and creating a super unicorn "Ruixiang Fintech Group".

I heard that you haven't dropped out of school yet, and you are much better than me in juggling your studies and starting a business. ”

"Haha. Zhang Yida smiled, "Our school is more tolerant of me, otherwise I would have dropped out of school a long time ago." ”

"Chinese universities are just better, much more enlightened than we are in India. ”

Zhang Yida heard that there seemed to be a trace of complaint in his words, and asked, "I heard that the $100,000 you started your business came from the Thiel Scholarship?"

"Yes, in 2012, I was invited by Mr. Peter Thiel to go to Silicon Valley, where I received a $100,000 seed round investment. Then I went back to China and dropped out of school to start a business.

I started Oravel Stays in 2012 a year before you started it, and I wanted to replicate Airbnb's model in India.

But then, the co-founders left, and the company was on the verge of going out of business.

In desperation, I had to switch online, try to integrate budget hotels, and then I had the OYO franchise hotel chain. ”

Zhang Yida listened carefully to his entrepreneurial story, Peter Thiel he also heard, is the partner of Iron Man Elon Musk, the co-founder of PayPal, a well-known billionaire in Silicon Valley, in 2004 $500,000 investment in exchange for a 10.2% stake in Facebook......

He is a successful entrepreneur and investor.

Every year, he selects 20 to 25 teenagers under the age of 20 from around the world, invites them to Silicon Valley, and provides connections and resources to help them start their own businesses.

Each member can receive a $100,000 scholarship, provided you drop out of school — for two years.

The New York Times once described the Thiel Scholarship as "one of the most unusual experiments in higher education today."

Because of encouraging young people to drop out of school and start their own businesses, the Thiel Scholarship has been criticized a lot.

Larry Summers, a former president of Harvard University, called it "the most perverse philanthropy of the decade."

The Thiel Scholarship is not easy to get, first of all, you need to fill out a 7 or 8 page application form, stating your business philosophy and plan, including something that no one else believes in but you believe in.

Your application will then be reviewed by entrepreneurs and investors in the field, followed by several rounds of phone or video interviews, and the successful candidate will become the final candidate and come to San Francisco for a weekend with other candidates and mentors for final screening.

China's first Thiel Scholarship winner was a girl named Chen Xinyi, who was born in Beijing and went to the United States to study after graduating from junior high school and was admitted to Princeton University.

The girl dropped out of school at the age of 19 to found Helios, an intelligent robot company, but unfortunately the project failed in the end, and she returned to China to work in the computer vision company Green Shentong.

At present, no one in Chinese mainland has won this scholarship, Zhang Yida originally had a chance, but he rose too quickly and missed it.

"I heard that your father had his own company, did you ask him for help when you started your business?"

Zhang Yida knew that Lee Tae-hee was born in "Marwar" in India, and the people in that place are just like Wenzhou, China, with entrepreneurial blood flowing in their bodies.

Lee Tae-hee smiled and said, "My father's company is very small, and investing $100,000 in me is something that will break his bones."

But Mr. Zhang, I heard that your father is your angel investor?"

Looking at Lee Tae-hee's playful smile, Zhang Yida said very frankly: "Yes, that's right, my father invested me 1 million yuan at the beginning of my business, which was about 150,000 US dollars at that time.

Strictly speaking, I'm not a self-made entrepreneur. ”

Lee Tae-hee waved his hand again and again and said, "Mr. Zhang, don't get me wrong. Although you are not a self-made entrepreneur, it does not affect my admiration for you in the slightest.

You have this kind of resource at home, why don't you use it?

Entrepreneurship is a process of integrating one's own resources and giving full play to the greater effectiveness of resources.

On the contrary, I admire your determination. I have learned about your mobile Internet entrepreneurship in China.

If you were struggling to start from scratch at the time, you missed the golden age of mobile Internet entrepreneurship.

It may be that these companies have already grown up completely, and there will be no Ruixiang Group today's glory. ”

Zhang Yida smiled, this sycophant is good, I like it.

Lee Tae-hee continued, "I was actually stimulated by the poor low-end hotel accommodation in India.

The environment of India's budget hotels at the time was: dirty restrooms, dilapidated faucets, stained bed linens, not even alternating current.

In addition, I have also found that many travelers do not trust the online reviews of travel websites when they travel to other parts of the country and book hotel rooms.

So in my judgment, the real problem is not so much the lack of predictability and standardization of budget hotels.

That's where OYO came in.

We've partnered with budget hotels and completely renovated traditional hotel rooms that used to be of poor service.

From finding a room, making a reservation, to checking in, we at OYO have established a strict assessment system.

Under OYO's model, small and medium-sized hotel owners with spare properties have gained more revenue, and consumers have obtained a clean and tidy hotel accommodation environment at a good price.

Therefore, OYO's success is not a fluke, but an inevitable trend of win-win for all parties. ”

Zhang Yida nodded, any successful entrepreneur has his own uniqueness, like Lee Tae-hee, who also has insight into the pain points of the economy hotel industry.

OYO has solved some small problems such as "cleanliness and hygiene", and in three years, it has created the largest economy hotel chain brand in India.

"What are you going to do next? OYO is already a leader in India, will it bring this model to other countries?" Zhang Yida asked.

"Of course. Lee Tae-hee looked at Zhang Yida with a respectful face and said, "Maybe you still need your help." ”

"You want to enter China?"

Lee Tae-hee nodded and said, "I want to make the Chinese market the number one market for OYO. ”

Zhang Yida didn't speak, he was thinking that in his previous life, within two or three years of OYO's entry into China, it had become a budget hotel giant with tens of thousands of partner hotels and 500,000 rooms.

Lee Tae-hee is very smart, and he adopts the method of "surrounding the city from the countryside", starting from the second, third and fourth-tier small cities, and infiltrating little by little.

It is said that he learned from the great leader...... China has been studied thoroughly.

Attract hotel owners to join in for free, and at the same time spend money for these hotel owners to decorate and upgrade for free.

At its craziest, an OYO franchise opened in an average of 3 hours.

The reason why he dared to play this money-burning style was mainly because he hugged Sun Zhengyi's thigh.

With the support of Middle Eastern oil tycoons, Emperor Sun will float in two years, Uber, We Work, OYO...... Pick and choose to burn money.

The more money burns, the bigger the market. It is estimated that Emperor Sun thought so.

OYO's frenzied expansion has also left a lot of after-effects. Before Zhang Yida was reborn, he heard negative news about OYO's layoffs, performance fraud, and owner sieges.

This made Zhang Yida hesitate to find a suitable opportunity to sell his shares to SoftBank.

Anyway, Son is very fond of Xiao Li, and praises him as "the Jobs of Asia".

The SoftBank Vision Fund is also rich and affordable, making it a good candidate to take over.

"Yes, how do you think I can help you?"

After Jang Yida made up his mind, he asked Lee Tae-hee.