Bengaluru-based Postman, a API management product, has raised a total of $433 million valuing it at ~$5.6B. Its revenue was $171M in 2023. As a comparison, Rubrik with ~$850M ARR is valued at $6B or about 7 times its revenue. The same metric would put Postman’s valuation at $1.2B. I would argue further that Postman has much lower stickiness and will face higher churn and hence, the revenue multiple would be lower for Postman....
The northern part of Bengal known as Gorkhaland and Sikkim is the Nepali-speaking region of India. This part is known mostly for its mountainous beauty. If you are flying in, Bagdogra is the closest airport. The airside of this airport is congested, so, I would recommend not to check-in too early.
We decided to do a packaged tour of Kerala, “God’s own country.” The tour included round-trip flights from Delhi to Kochi, a taxi for the full journey, and all the hotel stays.
“I need the address.", the immigration official shouted at her, as she, a septuagenarian Indian woman, with her limited English, repeatedly, pointed to the paper containing the phone number of her daughter.
Getting Inside After getting misdirected once to 436 Hill St, San Francisco which is the old original address which does not exist anymore, I eventually reached 5 Wood St, San Francisco. It was the time of sunset, I knew I was late, but finally, it felt good to see a nondescript apartment marked “Gadar memorial”. Least, I expected locked doors. I did not drive 40 miles to stand in front of this locked door....
Bureaucrats take the actions which are justifiable (by book or by order of their superiors), they care less about consequences (in case there are multiple possible actions, they let the politician decide the appropriate action). Technocrats take the actions which (according to their analysis) have best (long term/short term) consequences, they care less about how harsh the action could be on certain individuals and their logical thinking usually fails to take into account the law of unintended consequences like Cobra Effect....
Let’s start with a small exercise. Trying searching for the list of Sept 2011 victims or for the list of London Bombing victims. In each case, more than half of the results on the first page lead to a list of names along with the photos and life stories of those people. Now, trying searching for the list of Hyderabad blast 2013 victims, you would get a few results like this which lists the names of the people but where are their photos and life stories?...
After the Delhi gang-rape case, there has been a sudden upsurge in traditional as well as social media over rape in India. As usual in such cases, the initial reaction is to find someone to blame. And in this case, the onus of the blame has been put on Patriarchal Indian Society - without realizing that more rapes happen in the not-so-patriarchal USA Indian masculinity - “who feel threatened by women asserting their identity” without realizing that rapes happen even with infants, senior citizens, visually challenged, mentally challenged and homely women in conservative villages of Haryana to Kerala. Indian Police - as if police officials are omniscient and should be present before the crime happens Honey Singh - I am expecting a petition against Vatsyayana next This blog post is a collection of thoughts about the same.
The book provides a nice summary of economic events of the recent past (~50 years) and builds upon the case for the coming 10 years. The book is divided into 14 different chapters covering emerging as well as frontier nations, the latter being less liquid and smaller than emerging.
The first episode of Aamir Khan’s show Satyamev jayate raised the issue of female foeticide in Rajasthan. While the show asked for stringent laws, it missed a few major reasons behind the same.