Walmart announced a $16 billion investment in Flipkart Group, acquiring approximately 77% ownership. This positions Walmart to accelerate its growth in eCommerce in India, one of the largest and fastest growing eCommerce markets. In the short-term, the acquisition is expected to negatively impact EPS by $0.25-0.30 in FY19 and $0.60 in FY20. However, in the mid-to-long term Walmart expects losses to decline and returns to improve as the business scales and efficiencies are realized. The acquisition provides access to Flipkart's expertise, assets, and relationships in India to capitalize on the country's strong economic growth and digital transition.
Ladder - "crown jewel" of insurtech nabs $100MPitch Decks
Ladder uses a tech-driven approach to offer end-to-end life insurance through a digital platform that it believes is more flexible, faster, and cost-effective than traditional providers. Ladder's flexible term life insurance can save policyholders up to 40%, using an all-digital architecture and real-time underwriting to make life insurance as accessible and affordable.
Thomvest Ventures and OMERS Growth Equity led a $100 million Series D financing for Ladder. The fintech startup currently has just under 100 employees, with plans to roughly double that number over the next year (primarily in engineering) using this fresh growth capital. Notably, Ladder's customers are 15 years younger on average comparted to those of incumbent service providers — approximately 75% of Ladder's customers are first-time life insurance buyers.
Here is the 12-slide pitch deck Ladder used to securing $100 million from leading growth & venture capital firms:
Read more: vip.graphics/ladder-pitch-deck/
See the deck: bestpitchdeck.com/ladder
The Pitch Deck We Used To Raise Over $1 MillionStuart Logan
Twine has raised over $1 million. This is one of the pitchdecks we used. Here is the story:
https://www.twine.fm/blog/pitch-deck-used-to-raise-a-million/
Note, I removed 5 sensitive slides in the Appendix: Financials, Projections, Competition, and Marketing Strategy.
Ladder - "crown jewel" of insurtech nabs $100MPitch Decks
Ladder uses a tech-driven approach to offer end-to-end life insurance through a digital platform that it believes is more flexible, faster, and cost-effective than traditional providers. Ladder's flexible term life insurance can save policyholders up to 40%, using an all-digital architecture and real-time underwriting to make life insurance as accessible and affordable.
Thomvest Ventures and OMERS Growth Equity led a $100 million Series D financing for Ladder. The fintech startup currently has just under 100 employees, with plans to roughly double that number over the next year (primarily in engineering) using this fresh growth capital. Notably, Ladder's customers are 15 years younger on average comparted to those of incumbent service providers — approximately 75% of Ladder's customers are first-time life insurance buyers.
Here is the 12-slide pitch deck Ladder used to securing $100 million from leading growth & venture capital firms:
Read more: vip.graphics/ladder-pitch-deck/
See the deck: bestpitchdeck.com/ladder
The Pitch Deck We Used To Raise Over $1 MillionStuart Logan
Twine has raised over $1 million. This is one of the pitchdecks we used. Here is the story:
https://www.twine.fm/blog/pitch-deck-used-to-raise-a-million/
Note, I removed 5 sensitive slides in the Appendix: Financials, Projections, Competition, and Marketing Strategy.
Bolt pitch deck: $393M Series D, $6B+ valuationPitch Decks
One-click checkout Bolt used this 12-page deck to describe raise $393M in Series D funding for expanding its network of 5.6 million consumers.
Bolt is an innovative payment processing company that offers an integrated checkout experience that enables retailers to convert and retain more consumers. This round of $333 million in Series D funding and $60 million in follow-on capital will “fuel commerce’s first federated checkout network”, and brings Bolt’s total funding to over $600 million.
Most impressively, the round comes at ~18× the valuation that Bolt was priced at just eighteen months prior, using the simple 12-slide deck below:
See more at https://vip.graphics/bolt-pitch-deck-series-d/
Bliinx aggregates business interactions between professionals and their contacts so that they can get up to speed on relationships without jumping through a bunch of platforms. They also generate company-wide relationship insights that boost business development initiatives and customer ROI.
If you’re an investor who’d like to find out more about Hive, get in touch with the founder directly via john.ryder@hive.hr, or alternatively drop me an email at alex@mountsideventures.com
Life’s too short for bad ☕ coffee. That’s why Crema.co helps you discover and subscribe to top coffees from craft roasters. By recommending coffees personalized to your taste profile, telling the farmer’s story behind each coffee, and curating the best small-batch roasters, Crema.co is building the next iconic coffee brand.
* Growing 28% month-over-month
* Currently offering 50+ coffees from 15 roasters
* Serving the fastest-growing component of the $50bn US coffee market
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
Bolt pitch deck: $393M Series D, $6B+ valuationPitch Decks
One-click checkout Bolt used this 12-page deck to describe raise $393M in Series D funding for expanding its network of 5.6 million consumers.
Bolt is an innovative payment processing company that offers an integrated checkout experience that enables retailers to convert and retain more consumers. This round of $333 million in Series D funding and $60 million in follow-on capital will “fuel commerce’s first federated checkout network”, and brings Bolt’s total funding to over $600 million.
Most impressively, the round comes at ~18× the valuation that Bolt was priced at just eighteen months prior, using the simple 12-slide deck below:
See more at https://vip.graphics/bolt-pitch-deck-series-d/
Bliinx aggregates business interactions between professionals and their contacts so that they can get up to speed on relationships without jumping through a bunch of platforms. They also generate company-wide relationship insights that boost business development initiatives and customer ROI.
If you’re an investor who’d like to find out more about Hive, get in touch with the founder directly via john.ryder@hive.hr, or alternatively drop me an email at alex@mountsideventures.com
Life’s too short for bad ☕ coffee. That’s why Crema.co helps you discover and subscribe to top coffees from craft roasters. By recommending coffees personalized to your taste profile, telling the farmer’s story behind each coffee, and curating the best small-batch roasters, Crema.co is building the next iconic coffee brand.
* Growing 28% month-over-month
* Currently offering 50+ coffees from 15 roasters
* Serving the fastest-growing component of the $50bn US coffee market
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
Does Apple’s first quarter results are an indication of beneficial long term investments for investors? Know the views of Aranca investment research analyst.
How to Invest in AI - Top 10 Artificial Intelligence StocksNgoc Truong
Macrovue‘s Webinar: How To Investing in Artificial Intelligence - Top 10 AI Stock Picks
Macrovue, the world's first global thematic investment platform giving Australians the ability to invest in international thematic share portfolios.
In this presentation, you will explore:
• The impact AI will have on the global economy
• The companies at the forefront of AI technology
• Why now is a good time to invest in AI technology
• An overview of some of the AI stocks in the portfolio
• Our stock selection criteria and research methodology.
The Macrovue Investment team has researched and constructed a portfolio focused on the five main AI technology systems in practice now.
These 10 companies are the early AI adopters that combine a strong digital capability with proactive strategies that have higher profit margins and are likely to widen the performance gap with other firms in the future.
Omni-channel as a market entry strategy in GCCRajan Gill
This has been a recent article in the Khaleej Times who quoted MPC’s business report and thought leadership, along with established consulting players such as KPMG and Strategy&.
http://www.khaleejtimes.com/gcc-retailers-need-omni-channel-strategy
The project analyses the mergers and acquisitions that have happened in the e-commerce industry and tries to comment on whether the valuations are justified. It also discusses the sustainability of the current discount model the industry is following.
This report includes market size, market segmentation by players, categories, geography and customers, profitability scenarios and business economics of the ecommerce industry in India.
Companies are increasingly focused on high-quality strategic transactions, with less time spent on investigating peripheral opportunities, according to our annual tracker of business leader M&A intentions.
Madison Park Group is a unique investment banking firm that takes a "strategy first" approach to advising software companies. Our partners have developed and advised numerous successful companies as operators, investors and investment bankers.
At a time when Flipkart is seeking a fresh round of funding, it has faced another valuation markdown by one of its mutual fund investors. Following last week’s Morgan Stanley’s plunging marked down of its holdings in Flipkart by about 38%, US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%.
Flipkart’s voyage seeks e commerce harbourAshish Jhalani
At a time when Flipkart is seeking a fresh round of funding, it has faced another valuation markdown by one of its mutual fund investors. Following last week’s Morgan Stanley’s plunging marked down of its holdings in Flipkart by about 38%, US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%.
For the second quarter this year, the number of deals stood at 111 with VC investments of $583 million while in January-March quarter this year, 126 deals took place and investments worth at $1.402 billion were done.
When you are pitching an investor for the first time, you want to tell your story about why they should invest in your business instead of the 10’s or 100’s of other entrepreneurs who are pitching them to invest. You are primarily selling yourself (and your team) and creating confidence on how you are going to be able to realize the potential of your business to scale, make great profits and provide liquidity for the investor.
HerStory is India's first media platform that scripts the narratives of women shaping a new economy. HerStory aims to celebrate, rejoice, inspire and drive every woman to be the most awesome version of what she can be. In this deck, we bring to you a quick recap of the year 2013.
HerStory is a YourStory Media initiative. Contact us on her@yourstory.com
Listen also to Sagar Babber, Founder & CEO, CollaborateCloud (http://www.collaboratecloud.com/) in this telephonic interview: https://soundcloud.com/your-story/sagar-babber-founder-ceo
Link to story: http://yourstory.in/2013/09/collaboratecloud-work-management-sagar-babber-gagan/
The National University of Singapore has several initiatives to foster an entrepreneurial spirit among its students. Few weeks back, we spoke about this role of National University of Singapore in the startup ecosystem of Singapore through an interview with the director of the NUS Entrepreneurship Center.
Here, we bring to you another interesting initiative by the NUS Enterprise (enterprise arm of NUS), the NUS Overseas Colleges (NOC) Program, as part of which, students are sent to intern with Startups around the world.
Professor Teo Chee Leong, Director of the NOC Programme spoke to us about the objective of the program, student take-aways and the challenges of organizing it.
2. 22
Forward Looking Statement
This presentation, and information discussed on the related webcast call with the investment community, contains statements as to Walmart
management's guidance regarding the earnings per share impact of Walmart’s investment in Flipkart for the fiscal year ending January 31, 2019,
and the subsequent fiscal year, revenue growth attributable to this investment, anticipated growth in eCommerce in India and other metrics for
growth in India, Flipkart’s future performance, and steps being undertaken to position the Walmart International business for future growth, as well as
statements by Walmart about its share buyback program and its credit profile. Walmart believes such statements are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to enjoy the protection of the safe harbor
for forward-looking statements in Section 21E of the Securities Exchange Act of 1934, as amended. Assumptions on which such forward-looking
statements are based are also forward-looking statements. Walmart's actual results may differ materially from the guidance provided as a result of
changes in circumstances, assumptions not being realized or other risks, uncertainties and other factors, including: the closing date for Walmart’s
investment in Flipkart; the level of Walmart’s investment in Flipkart from time to time; currency exchange rate fluctuations; changes in market interest
rates; competitive pressures and other economic, geo-political, capital markets and business conditions, trends and events in India; changes in
existing rules and regulations regarding foreign direct investment in the retail business in India; other changes in existing tax, labor or other law or
regulations in India; and other risks, uncertainties and factors relating to Walmart’s operations and financial performance discussed in its filings with
the SEC. You should read this presentation in conjunction with our Annual Report on Form 10-K for the year ended January 31, 2018, and our
subsequent filings with the SEC. You should consider all of the risks, uncertainties and other factors identified above and in those SEC reports
carefully when evaluating the forward-looking statements in this presentation. Walmart cannot assure you that the future results reflected in or
implied by any such forward-looking statement will be realized or, even if substantially realized, will have the forecasted or expected consequences
and effects for or on our operations or financial performance. Such forward-looking statements are made as of the date of this presentation, and
Walmart undertakes no obligation to update such statements to reflect subsequent events or circumstances.
4. 44
We Save People Money So They Can Live Better
Make every day easier
for busy families
Change how
we work
Deliver results and
operate with discipline
Be the most
trusted retailer
Service to the
customer
Respect for the
individual
Strive for
excellence
Act with
Integrity
Customers Associates Communities Shareholders
5. 55
Flipkart Group Investment Fits within Walmart’s International Strategy
Active portfolio management
Disciplined growth
through differentiated
customer proposition
Be the lowest
cost operator
Build strong
foundations
High Growth, Attractive Market
Opportunity with the Local Leader
Strong North
American Core
Mexico
Canada
Central America
Key Growth
Markets
China
India
Diversified Portfolio
Markets
Africa
Argentina
Brazil
Chile
Japan
UK
6. 66
Flipkart Group Transforms Our eCommerce Opportunity in a Critical Growth Market
Long-term value for shareholders, associates, Indian economy & communities
Management with strong in-country expertise
One of the world’s largest and fastest growing markets
$7.5 billion1 annual GMV and 54 million active customers
eCommerce growing 4x faster than retail industry
Attractive Market & Growth Opportunity
Accelerating eCommerce Environment
Creating Value for all Stakeholders
Experienced & Committed Management Team
The Local Leader
Strong Partnerships Strong shareholder partners with successful track records of investments in Asia
1. Gross Merchandise Value or GMV as defined by Flipkart represents the total dollar value of orders processed on its marketplaces in the period without reduction for returns.
MarketFlipkart
7. 77
India Is a Compelling Growth Market with Long-term Potential
1. Source: CAGR calculated from World Bank reported historical GDP data 2006 to 2016 (last reported)
2. Source: Goldman Sachs “India` Consumer Close-up” which cites Euromonitor; UN population estimates
3. Source: Internet Live Stats 2016 data in PlanetRetail RNG “Ecommerce & Digital Ecosystem Management;” India market size defined
by number of users
4. Source: Statcounter 2017 data in PlanetRetail RNG “Ecommerce & Digital Ecosystem Management”
5. Source: Deloitte “Digital Media: Rise of On-Demand Content”
35%
Percentage of population
using internet3; 2nd largest
internet market globally
Estimated smartphone
penetration by 2020 vs.
30% in 20175
58%79%
Mobile percentage of internet
traffic, vs. global average of
50%4
443M
Millennials plus
393M Generation Z,
or 66% of the population2
GDP CAGR over
past 10 years1
9.4%
8. 88
0.2% 0.3% 0.4%
1.0%
1.8% 1.8%
2.1%
6.2%
0%
1%
2%
3%
4%
5%
6%
7%
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY23E
eCommercePenetration
India eCommerce Projected to Grow 4x Faster Than Total Retail over Next Five Years
India’s eCommerce vs. Total Retail Growth1
//
Sources: Bain & Company estimates based on primary and secondary sources, and shall not be construed as definitive predictions or forecasts
1. Excludes services
’18-23E
CAGR
eCom:
~36%
Total Retail:
~9% 4x
9. 99
Flipkart Group Is the Local Leader in India eCommerce
India’s Retail Landscape Derives
Support from Flipkart’s Ecosystem
PhonePe app facilitates
seamless payments
Technology that digital
consumers trust
Logistics arm Ekart - 500k
deliveries every day
Flipkart
Leading India’s
eCommerce transformation
Myntra and Jabong
India's leading online
fashion destination
Flagship Flipkart Businesses
10. 1010
Flipkart Group Is Positioned for Significant Growth
FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18
Gross Merchandise Value ($M)1 Active Customers (M)2
Flipkart Myntra and Jabong
Note: Exchange rate $ / INR 65; Fiscal year ends 31-Mar; FY2015 has 8 months of Myntra & FY2016 has 8 months of Jabong. FY 2018 does not include eBay
1. Gross Merchandise Value or GMV as defined by Flipkart represents the total dollar value of orders processed on its marketplaces in the period without reduction for returns.
2. Active customers are customers transacting at least once in the last 12 months. Total does not exclude customer overlap between entities
$7.5B1
Annual GMV
54M
Active customers
261M
Units sold in FY18
$7.5B
54M
11. 1111
Flipkart Group Maintains Leading Position in Fast Growth Categories with
Significant Upside
Fashion
#1
Mobile
#1
Electronics
#2
Large Appliances
#1
Flipkart Group
Category Rank by
GMV Share
Source: Wall Street analysts and Bain & Company estimates based on primary and secondary sources
and shall not be construed as definitive predictions or forecasts
12. 1212
Experienced and Committed Management Team with Strong Market and
eCommerce Expertise
Binny Bansal
CEO, Flipkart Group and
Co-Founder of Flipkart
2017 CEO of Flipkart Group
2016 CEO of Flipkart
2007-2016 COO of Flipkart
B. Tech in Comp. Engineering from IIT-
Delhi
Kalyan Krishnamurthy
CEO Flipkart
2017 CEO of Flipkart
2016 key positions with Flipkart
2006-2016 key positions with Tiger
Global Management and
eBay Asia-Pacific
MBA from AIM, Philippines
Sameer Nigam
Founder and CEO of PhonePe
2014-2017 Founder and CEO of
PhonePe
2011-2014 VP and SVP at Flipkart
2009-2012 Founded Mime360 as digital
distribution platform
MBA from Wharton Business School
Ananth Narayanan
CEO of Myntra and Jabong
2015-2017 CEO of Myntra
2000-2015 Director, Managing Partner,
McKinsey Chicago, Shanghai, Taipei,
India
MS from University of Michigan
14. 1414
Walmart and Flipkart Group Create Value for Everyone
Associates Communities ShareholdersCustomers
• Quality, affordable goods
• Easier and quicker ways
to shop
• Broad product assortment
• Job creation
• Support farmers and
develop supply chains
• Supports women
entrepreneurs
• Attractive growth market
• Strengthens global
portfolio
• Generates long-term
value
• Executes on committed
international strategy
• Better opportunities
• Stronger business
16. 1616
Transaction Overview and Financial Highlights
Transaction
Structure
• Walmart’s approximately $16 billion investment includes $2 billion of new equity funding, which will help Flipkart achieve
its growth potential.
• Walmart initial ownership stake of approximately 77%.
• Remainder of ownership held by Flipkart’s existing shareholders, including Flipkart co-founder Binny Bansal, Tencent
Holdings Limited, Tiger Global Management LLC, and Microsoft Corp.
• While the immediate focus will be on serving customers and growing the business, Walmart supports Flipkart’s ambition
to transition into a publicly-listed, majority-owned subsidiary in the future.
• Closing expected later in FY19, subject to regulatory approval.
Financing and
EPS Impact
• Finance the investment with a combination of newly issued debt and cash on hand.
• Flipkart’s financials will be reported as part of Walmart’s International business segment.
• Assuming the transaction closes at the end of the second quarter of this fiscal year, Walmart expects a negative impact
to FY19 EPS of approximately $0.25 to $0.30, which includes incremental interest expense related to the investment.
• In FY20, as we look to accelerate growth in this important market, Walmart anticipates an EPS headwind in total of
around $0.60 per share, comprised of:
o Operating losses of approximately $0.40 to $0.45 per share, assuming minimal tax benefit for the losses in the near
to mid term. This amount includes about $0.05 per share related to amortization of intangible assets and depreciation
of short lived assets resulting from purchase accounting, which will only last for a few years post-closing.
o Interest expense of approximately $0.15 per share.
• In the mid to long term, as the business scales and efficiencies are realized, we expect losses to decline and returns to
improve.
• Given Walmart’s financial strength, we anticipate the continuation of our current share buyback program, while
maintaining our strong credit profile.
17. 1717
Creates Significant Long-Term Value for Shareholders
Local talent with
global expertise
A leader in
eCommerce
Critical growth
market
Long-term
growth