Zhang Yida is the boss after all, and Ma Jun had to take a step back, saying that this time will make people do a good job of investigating the Indian market, and finally determine whether to launch a new short video app for differentiated people or markets.

Zhang Yida didn't object, it's good to investigate, after all, you can't make a decision just by patting your head, and the project must be supported by data.

Just like Ma Jun said, the cost of repiling resources to pile up a head short video is also in hundreds of millions of dollars.

Lan Lan doesn't talk much, she is generally responsible for the work of the war investment department, such as Grab, BBPAY, OLA and other companies post-investment and liaison work.

I'm really not particularly familiar with the short video market, and it's not within her purview, so it's not good to interject indiscriminately.

Zhang Yida and Ma Jun exchanged Chinese for nearly half an hour before they found Nikil, who was hanging aside, as if listening to a book from heaven.

"I'm sorry, Nikhil, we forgot about you as soon as we started talking. ”

Ma Jun was very relaxed and took the initiative to apologize to Nikil.

Nikil shook his head, saying that it was okay, and said that he would learn Chinese as soon as possible to make everyone's communication more barrier-free.

As soon as he heard this, Zhang Yida was immediately impressed by Nikil and praised him.

Nikil was very happy to hear OSS praise himself, and became more and more determined to learn Chinese.

"Boss, I see that there are often users uploading PUBG game videos above, PUBG is a very good game, and it has become a national mobile game in India.

There is also bbpay, as long as it is a young person who is online, almost all have a digital wallet.

Our group is really powerful, and it has almost penetrated into all aspects of the lives of ordinary people in India. ”

Nikier's horse made Zhang Yida happy, but at the same time, a trace of worry flashed in his eyes.

Such a high profile, will it attract any blows?

Zhang Yida remembers that TikTok was blocked in Indonesia, and it seems to have happened once in India, but he can't remember exactly when.

But it's useless to remember this thing, people want to mess with you, just find a reason to start it, so you can't guard against it.

The soldiers will block, and the water will cover the earth!

After Zhang Yida completed the equity change of bbpay this time, he also thought about whether to split the Indian one like this.

It's just like this, it's also called a global enterprise of wool, an independent short video platform for a country, and it's called the Short Video Matrix Alliance instead.

This presents some challenges for management and valuation.

Dispelling the thoughts in his mind, Zhang Yida decided to develop for a while to see, if there was a real problem, it could only be painfully split.

No matter what, it is better than the hard-working market.

The Chinese legal team drafted the contract and discussed it with the partner law firm in India, and finally came up with a series of agreements that comply with the Indian Company Governance Act.

Including the "Equity Transfer Agreement", "Equity Pledge Agreement", "Supplementary Agreement to Suspend Contract" and a large number of other contracts.

Singh's team of lawyers helped him review the contract word by word, and after confirming that there were no problems, he got his employer Singh to put his name on each agreement.

After signing the agreement, Singh couldn't help but let out a long breath.

BBPAY went around and around, and finally returned to its own hands.

It's just that the company that was sold for $100 million bought back only 20% of its shares with a debt of $1.4 billion.

I am still grateful to Dade, sometimes life experiences are so magical, people have nowhere to reason.

BBPAY's shareholding structure has also become: Singh holds 20% of the shares, ranking the second largest shareholder, and Ruixiang holds 40% of the shares, ranking the largest shareholder;

Zhang Yida and more than 100 other investment institutions together hold a total of 40% of the shares.

Among them, Yanhuang Investment, a subsidiary of Zhang Yida, has the highest shareholding, holding about 18.41% of the shares, ranking the third largest shareholder.

Singh shook hands with Zhang Yida with a smile, "Mr. Zhang, thank you for your support and trust, I will definitely not disappoint you." ”

Zhang Yida nodded with a smile, and suddenly handed over BBPAY, he still felt a little reluctant, but the actual situation was here, helpless.

"Hey, by the way, BBPAY will complete a round of $1.75 billion Series A financing, which can be regarded as the last support that Ruixiang and I will give you!

The rest of the road is up to you, and we can only help. ”

Hearing this, Singh's eyes lit up, $1.75 billion, which will be the largest single round of financing in India's fintech sector, surpassing the $1.4 billion strategic investment received by Paytm the year before.

"Is it based on a pre-investment valuation of $7 billion? Isn't the post-investment valuation reaching $8.75 billion, nearly $10 billion?"

Singh was a little excited, and Paytm was valued at $9 billion as of the last round of financing.

As long as BBPAY completes this round of financing, the valuation will be close to the other party.

At the same time, with $1.75 billion in hand, he is confident that he will attack the first place that Paytm has held for several years.

"That's right!"

Zhang Yida nodded, saying that Singh was fine, and BBPAY would dilute 20% of the shares in this round of financing.

"Ruixiang and I have a somewhat high shareholding ratio, and we are Chinese-funded, so I will not participate in this round of financing.

The round of financing will be led by SoftBank, Temasek, Abu Dhabi Investment Authority, as well as Goldman Sachs and Morgan Stanley. ”

Singh grinned, feeling that the former boss, the current major shareholder, was so bold that he gave himself such a big gift before leaving.

Zhang Yida is not just for him, BBPAY's funds will not last long, and he will definitely have to carry out financing in a short time.

After staying in India for more than a week, Zhang Yida finalized the matter by the way.

There are also some considerations in finalizing such a large amount of financing, and at the same time choosing to invest in foreign giants.

On the one hand, it is to completely wash away the imprint of Chinese holdings and remove the shackles on the development of BBPAY;

On the other hand, it is also expected that such a large amount of financing will overpower Paytm.

In the past few years, BBPAY has never surpassed Paytm once a year since its inception.

In the hearts of the public, Paytm has always been stronger than BBPAY, whether it is valuation or financing scale, or the number of users and transaction scale.

Zhang Yida fired the first shot at BBPAY, and then he will blow the horn to charge Paytm.

After raising it for so long, it's time to pull it out and slip it out, whether it's a mule or a horse.

"Next, I plan to apply for a small finance bank license, and in addition to deposits, loans, and foreign exchange, I will also issue credit cards," Singh said.

In addition, comprehensive financial services such as wealth management, mutual funds, and insurance will also be fully launched.

What do you think? ”

Zhang Yida smiled, "This is very good, the payment is just to attract new and retain users, you expect this business to make a lot of money, unless you learn PayPal transfer fees, but this is probably a disaster for the Indian market."

If you want to make money, you have to engage in financial management, financial investment, and loans.

But there are risks involved, and if you're Indian and more familiar with the market, I'm not going to point fingers. ”

Singh felt that Zhang Yida was too modest, and he could not be more familiar with the industry than to be able to create a fintech unicorn with a valuation of tens of billions of dollars in the Chinese market.

However, Zhang Yida also pointed out the problem to him concisely, and then, he only needed to follow the steps to do it.

The general trend has been achieved, and it is time to soar to the sky.