Arin Verma
@ArinVerma1910
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Quantitative Developer @BlackRock • BITS Pilani • Writer (LinkedIn 48K+) • Tech, Finance • Vocalist
Joined August 2021
boAt reported a net loss of ₹130 Cr in FY 23. Mom was right. You become the average of 5 people you meet daily
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Shark Tank India. Season 1: Equity.Season 2: Equity + Debt.Season 3: Equity + Debt + Royalty.
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CTC vs In hand salary (per month). Amazon: ₹44L vs ₹1.30L.Adobe: ₹45L vs ₹1.20L.Google: ₹45L vs ₹1.25L.Microsoft: ₹55L vs ₹1.25L. Meanwhile JEE Kid who assumed ₹8L/month salary after seeing ₹1 Cr international job offer.
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Gaurav Agrawal's journey is one of a kind. AIR 45 - IIT JEE 2001.IIT KANPUR CSE.Failed in one semester, graduated late.99.94%ile - CAT 2005.IIM LUCKNOW GOLD MEDALIST.Trader in Citi Group @ ₹1.25 Cr/annum.UPSC CSE 2012 AIR 244 - IPS.UPSC CSE 2013 AIR 1- IAS. Indeed a Prodigy.
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IIT Delhi 2000' Batch is just incredible:.@_sachinbansal (@Flipkart)- $40B.@deepigoyal (@zomato)- $16B.@Ashneer_Grover (@bharatpeindia)- $3B.@albinder (@letsblinkit)- $1B. 4 unicorns -> just from 1 batch of 1 college. Iconic batch of an iconic college.
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Recession is at peak. I heard some company offering 7LPA CTC at BITS. 25L deke 7LPA ki job :(.
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BITS Pilani's fees is 9.2 Lakh per year. 5 lakhs for studying there and 4.20 lakhs for the mental trauma you have to go through because of paying 5 lakhs.
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No. of companies coming to IITs- .Last Year vs This Year (till 6th December). IIT B: 750 vs 450 .IIT D: 650 vs 480 .IIT R: 500 vs 593 .IIT K: 519 vs 485 .IIT G: 290 vs 165 (Core and Finance) .IIT KGP: 1000+ vs 749 . Circumstances play a big role.
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Heirarchy of jobs (CSE)-.1 Quant Firms (Optiver, JaneStreet etc).2 Top Software Companies (FAANG etc).3 Middle Software Companies .4 Service Based (Infosys, TCS). IIT B/D/K etc toppers go 1, average go 2.BITS/NIT toppers go 2, average go 3.For rest, toppers go 3, average go 4.
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OpenAI is hiring engineers by giving Rs 3.7 Cr salary!. IIT B CS graduates where are you guys?.
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Midjourney ($10B) is an iconic startup. $0 in funding.Runs on Discord.40 employees. Yet does $200M in revenue .Each employee drives in $5M revenue. An iconic company.
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GDP 2024. USA: $28T.India: $3.7T. India grows at 8% while USA grows at 6%. On top, it may seem India is winning. Mathematics says otherwise;. GDP added per year:. India: $296B ( 8% of $3.7T).USA: $1.68T (6% of $28T) ; (5.5 times). PS: NVIDIA added $277B in one day xD.
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Startups founded by BITS Pilani alumni:. 1. SWIGGY($10.7B).2. OFBUSINESS($5B).3. BIGBASKET($3.2B).4. GROWW($3B).6. HAPPIEST MINDS($1.5B).6. REDBUS($710M).and many more. 1117 companies, 12 unicorns, raised more than $18.42B in funding. UNREAL <3. #bitspilani #iit #Engineering.
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Blinkit founder (Albinder) gave his 11/12th grade answer scripts to Zomato founder (Deepinder) to make sure he could pass exams. Goyal had 2 month gap between boards and IIT-JEE. He solved entire Irodov in that time. His score-.Maths: 10/100.Chemistry: 10/100.Physics: 100/100.
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How old were you when you realized NVIDIA's CEO and AMD's CEO are cousins?.
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These BITS Pilani grads have been giving Zomato sleepless nights! Read below to learn about the incredible story of their $10B startup (Yes, its Swiggy)👇. A little bit about the founder:
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When you are sad because you aren't doing well in life:.Remember Rancho called an IIT+IIM graduate a donkey.
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UPSC CSE. AIR 1 - IIT Kanpur.AIR 2 - NIT Rourkela . IIT beats NIT, yet again.
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Zomato is reportedly paying freshers ₹1.6 Cr per annum with ₹60 lakhs as base pay for Software Engineers. This news will soon be published in newspapers and on social media. Lakhs of aspirants will get motivated for JEE only to realise only a handful get this type of package.
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BITS Pilani fees over years. 1993-98:.Total Fees ~ ₹10,600 per year .(₹5k/sem & ₹300/sem for hostel). 2020-24:.Total fees ~ ₹6,00,000 per year .(₹2.5 lakhs/sem & ₹50k/sem for hostel). That is ~15% rise in fees every year. Education inflation is real.
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Shark Tank India is going mad . Cheese Cake & Co is set to do ₹25 Cr+ revenue with 20% net profit this year. Anupam and Aman offer them a valuation of 10 Cr!!. Seriously?. On a side note,.[boAt: ₹3300 Cr Revenue, ₹130 Cr loss, valuation of ₹10,000 Cr; 3x valuation].
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Revenue-. Zerodha + Groww + Angel One + Upstox + ICICI Securities (Commissions):.= ₹15,500 Cr. Indian Government (Security Transaction Charge):.= ₹25,000 Cr. The real winner is always the government.
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Went to a relative's birthday party a couple of days back. She asked me whether I drink, had a gf, been to a club etc . Upon listening to no to all of these questions, she was dissapointed and said I will die a virgin. She said she did all three. I wished her 'Happy 14th' 👍.
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NVIDIA goes crazy again!. Revenue up by 268%.Profits up by 628%. beats Wall Street estimates!. And some lockdown kids say NVIDIA is overvalued!. LOL!.
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People in the comments got no chill. Everyone mentioning about that one lad who got into Quant/FAANG from average colleges. Bhai exceptions are always there. But this is what happens most of the times. Poor logic smh.
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An electrical engineer turned quant trader, he founded a quant firm, made ¥100B through trading, bought a ton of NVIDIA GPUs, and casually launched Deepseek on the side. For just $6M, he managed to dethrone every AI company in the world. Chinese people are the smartest.
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No. Of Indian Startups whose founders graduated from the following institutes:. IIT D: 593.IIT B: 529.BITS Pilani: 454.IIT Kharagpur: 447.IIM A: 390. IIT D, IIT B, BITS Pilani - Top 3 institutes in India with regards to the number of startups created.
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Tatas tried covering all income classes in clothing. Zudio (~₹700).Westside (~₹1800).Zara (~₹4000). Yet 60% market remains untapped as most buy < ₹500. Poverty in India remains a huge challenge for brands.
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I was talking to a girl when she said 'I wish PDA was legal in India'. I swear the first thing that came in my mind was 'PushDown Automata' and not the real one. CSE has spoilt me for real.
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Blinkit is going crazy!. June 2022: Zomato acquired Blinkit for $569M. Questions were raised. It was a high cash burn segment. Zomato's food delivery business wasn't profitable either. Zomato's market cap went to $5B. April 2024: Zomato's market cap: $20B, Blinkit: $8B. Crazy.
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Top 10 Profitable Startups in India. Zerodha: ₹2909 Cr.Zoho: ₹2748 Cr.Groww: ₹449 Cr.Ofbusiness: ₹463 Cr.Indiamart: ₹284 Cr.Oxyzo: ₹198 Cr.Fractal Analytics: ₹195 Cr.Dream11: ₹188 Cr.Justdial: ₹163 Cr.Uniphore: ₹143 Cr. The 2 Zs are dominating the entire alphabet.
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Revenue (FY23). McDonald's India: ₹2,500 Cr.Domino's India: ₹5,000 Cr. Total: ₹7,500 Cr. Haldiram's (Nagpur + Delhi): ₹12,800 Cr. An iconic Indian-born brand.
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Unacademy's CEO announced that there will be no appraisals for employees this year, while wearing a shirt that costs ₹33,000. While I don't want to judge his lifestyle or how he runs his company, some things I've read have caught my attention. A thread (🧵)
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Companies that use Postman API Platform:. Microsoft.Meta.Oracle.Google Maps.Adobe.PayPal.LinkedIn.Uber.Slack.Intel.Stripe. Trusted by 98% of the Fortune 500 and 30 million developers worldwide. More importantly, it is built by an Indian who is a graduate from BITS Goa!.
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BITS HYDERABAD YOU BEAUTY❤️
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Meet the BITSian Harish Bhat:. - Secretary ELAS '83.- President BITS Students Union '84.- IIMA Gold Medalist '87.- COO (TITAN).- CEO & MD (TATA CONSUMER PRODUCTS).- CHAIRMAN (TATA COFEE).- Ex Brand Custodian (TATA).- Advisor & Non Exec Director.- Forbes Top 10 CMOs in World.
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World's richest and their education:. Elon Musk: Economics.Bernard Arnault: Civil Eng.Jeff Bezos: CS.Larry Ellison: CS.Warren Buffet: Economics.Mark Zuck: CS.Bill Gates: CS.Larry Page: CS.Steve Ballmer: Economics.Sergey Brin: CS. CS and Economics dominate worldwide.
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Airpods Revenue vs Top Tech Companies (FY 2022). Airpods: $15B.Intuit: $13B.Spotify: $12B.Airbnb: $8B.Twitter: $4B. Wipro, one of the largest IT company in India did $10B in revenue in FY 22. Apple Airpods is alone bigger than Wipro. Scale of Apple is unreal.
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When you realize selling DSA Courses actually makes you 55LPA unlike Microsoft with 55LPA CTC & 15LPA base salary.
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Valuation of Zomato & Blinkit-. June 2022:.Zomato- $5B | Unprofitable.Blinkit - $569M | burn of Rs 150/order. Zomato acquires Blinkit at said valuation. April 2024:.Zomato- $20B | Profitable.Blinkit- $8B | burn of Rs 15/order. Craziest turnaround in Indian Startup History.
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DLF sells all 795 luxury flats for Rs 5590 Cr within 3 days. Cost of 1 flat ~ Rs 7 Cr. An IITian with average salary of Rs 20LPA with 20% increment every year will take 20 years to earn that amount. Tells you while job is great, it isn't enough for luxury.
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Money burn't by startups daily:. Byju's: ₹12 Cr.Swiggy: ₹10 Cr.Meesho: ₹9 Cr.ShareChat: ₹8 Cr.Unacademy: ₹7 Cr.ChatGPT: ₹5 Cr. Most revolutionary product burns the least. Tells you why a good word of mouth helps.
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@shreyaghoshal at BITS Hyderabad. I doubt I will ever hear a better live singer in my life. GOAT❤️
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Number of Unicorn Founders and their Degrees . Dropouts: 56.Bachelors: 485.Masters (other than MBA): 259.MBA: 236.Doctoral: 286. Only 56 out of 1300+ unicorn founders are college dropouts (4.2%). Don't let media fool you.
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Byju Raveendran Networth. 2023: ₹17,545 Crore.2024: ₹0. Paper Money is not real money. No wonder why people say cash is king.
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Percentage of engineers in various esteemed professions. CEOs: 34%.IAS/IPS/IFS: 64%.Unicorn founders: 85%. Engineering are truly the best in everything they do!.
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@Ankitptkshb @_sachinbansal @Flipkart @deepigoyal @zomato @Ashneer_Grover @bharatpeindia @albinder @letsblinkit Mai udhar hi padhta hu bhai🙂.
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Cursor is $100M revenue and 30 employees.Midjourney is $400M revenue and 40 employees. Insanely efficient startups churning out incredible revenue/employee.
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Rich in USA-.Elon Musk: 12% stake in Tesla.Jeff Bezos: 10% stake in Amazon.Bill Gates: 1.3% stake in Microsoft. Rich in INDIA-.Mukesh Ambani: 50% stake in Reliance Gautam Adani: 65% stake in Adani Group Shiv Nadar: 60% stake in HCL. Indians like to keep business to themselves.
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Allen Solly, Louis Phillepe, Van Heusen, Pantaloons, Peter England. All these brands were owned by a single Indian company 'Madura Garments' which later got acquired by Aditya Birla Group. Keeping English Names of Indian brands develops trust. English in India is a status symbol.
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If you underestimate the power of an influencer, remember this guy built a $6B bootstrapped business out of it.
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Exit Polls:.BJP has a clear majority.NIFTY goes insane⏫. Results:.BPJ might not have a clear majority.NIFTY goes insane⏬. NIFTY ❤️ Majority.
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Ritesh Agarwal.Aman Gupta.Ashneer Grover.Anupam Mittal .Vineeta Singh.Amit Jain. All sharks have officially become content creators & influencers. Is the creator economy the next big thing?.
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A little correction- it's the number of job offers and not the number of companies*. Also, for data, the source is attached:
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I've always wondered what makes engineers so good in almost every field. They don't study business, yet constitute 85% of unicorn founders. They don't study social studies, yet constitute 64% of IAS/IPS/IFS. They aren't trained in leadership, yet constitute 34% of CEOs. Continued.
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Andrew Ng: .More People Should Learn to Code. Jensen Huang: .You Shouldn't Learn How To Code. 2 legends, 2 different ideologies. Who is correct?.
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Net Profit ❌.EBITDA Positive❌.Adjusted EBITDA Positive✅. Congratulations Blinkit for turning adjusted EBITDA positive for the month of March. Hell of a comeback!.
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1 crore weddings happen in India every year. 23 Nov 2023 - 15 Dec 2023 (23 days):.>35 lakh weddings took place.>Generated business worth ₹4.25 Lakh Crore.>Doing math, average wedding in India generates ₹12L.
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The only profitable EdTech Unicorn Physics Wallah's profit declines 91% from Rs 98.2cr to Rs 8.9 crore in FY23. My question to the team of PW:
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You include reservation in research programs and institutes and then ask why is India so behind in World University Rankings.
🚨 India's most prestigious institute, IISc Bengaluru, admissions criteria.
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Founders of Puma and Adidas were brothers. -Market Cap (2007).Adidas + Puma: $22B.Nike: $26B (~1x). -Market Cap (2024).Adidas + Puma: $44B.Nike: $160B (~4x). When brothers fight, the common enemy always wins.
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Harsh Jain (Founder of Dream11)'s father was like a son to Dhirubhai Ambani. Often called as the third son of Dhirubhai. Even after that, he faced 150 rejections from VC when he tried raising funds from Dream11. Perseverance is the key.
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T-Series has 253B views till date. Assuming a modest ₹50 per thousand views, its revenue from YouTube alone is more than ₹1000 Crores. The YouTube channel is an industry in itself. Iconic channel.
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Just wrote a post a few days back about how Blinkit could be bigger than Zomato in a few years. Today, Goldmann Sachs valued Blinkit at ₹119/share and Zomato's food delivery business at ₹98/share. Zomato bought Blinkit for $569M. Today it's valued at $13B (20x). Incredible.
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When you can't crack BITSAT, and have to join SRM instead xD.
Somehow it's always BITS people making the dumbest conclusions.
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Praggnanandhaa beats World No. 1 Magnus Carlsen in the second blitz game of the Superbet Rapid Blitz Poland event!. Though it's only a match, and not a tournament, it's still a matter of pride for us. You don't often see an 18 year old beating the greatest chess player.
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It's so much fun to take ₹72 Cr salary and say this. When you are rich, whatever you say becomes cool. Imagine a poor person saying this :)
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If you enjoy doing something, do it.-regardless of its outcome .-regardless of what people say.-regardless of whether it's beneficial. The only thing that matters is if it's harming you. If it isn't, do it.
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ezSnippet posted a new reel wherein he compared the course syllabus of IIT Bombay and Scaler Academy. Someone tell this guy colleges are not placement agencies and offer much more than CTCs. What about the alumni network, ecosystem and the exposure?
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Warren Buffet sold nearly half of his $135B stake in Apple. His company now has $277B in cash and treasury bills. ~3% of entire US treasury bill market is owned by Berkshire. Takeway?.✅Warren is cutting exposure to tech and is happy receiving 5% yields.
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Andy Jassy was nearly laid off at Amazon. Jeff Bezos saved him. Today, he’s Amazon’s CEO. Betting long-term on people pays off.
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Mf literally said IIT D to nahi ho payega to BITS Pilani hi sahi😭😭
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Mumbai, Delhi, Kolkata, Bangalore, Pune, Hyderabad, Ahmedabad, Chennai, Surat, Thane, Jaipur, Nagpur, Nashik. These cities make up 50% of India's GDP. Thane, Nagpur & Nashik quite underrated for what they provide to India's Economy.
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Yahoo had the opportunity to buy-. Google for $1M (now worth $1.8T).Facebook for $1.1B (now worth $500B).Netflix for $4B (now worth $240B). However, Yahoo said NO to all the deals. Probably the worst set of decisions in corporate history.
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Twitter wanted to buy Instagram for $550M.Sequoia wanted to fund it at $500M. The talks were ongoing, but it was Easter Sunday. They decided to finalize it on Monday. ✅Zuckerberg comes in.✅Offers 2x money.✅Completes the deal by Sunday. There are no weekends in entrepreneurship.
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The concept behind leaving FAANG to teach people how to crack FAANG is not new. -Craze of IITs/AIIMS:.Start of coaching empire in India.Valued at ~$13B. -Craze of AI:.NVIDIA makes GPU Chips.Valued at ~$2T. Old concept, new way:.Sell shovels when people dig for gold.
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No. Of Employees laid off since 2022-. Byju's: 6500.Ola: 2300.Unacademy: 2040.Blinkit: 1600.Whitehat Jr: 1300.Vedantu: 1100.PayTm: 1000. One thing in common: All are loss making. When these companies try to become profitable, cutting jobs seems the only way to go. Sad but true.
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People say Mukesh Ambani is worth $123B but they don't realise how big that number is. Imagine he stops working today and somehow all his paper wealth turns into cash. He spends ₹1 Cr every day. It would take him ~2800 years to spend all his money. ₹5000 Cr for him is not much.
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HARVARD conducted an 85 year old study to learn what makes humans happy. Answer came out to be: RELATIONSHIPS. If you are spoiling your relationships for your career, think again.
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-6 out of top 10 ranks in JEE ADV 2023 are from IIT Hyderabad Region. -Female topper is from IIT Hyderabad Region. -Hyderabad zone has contributed 40 students in top 100. AMAZING DOMINATION FROM TELUGU STUDENTS❤️!.#iit #jeeadvanced2023 #jeeresult #rank #bitspilani
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Uber doesn't own taxis.Airbnb doesn't own rooms.Meta doesn't create content.Alibaba doesn't have inventory.Zomato doesn't own restaurants. 6 of the world's top 10 businesses are platform businesses. Tells you a lot.
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Ambani, Adani, Damani, Hiranandani - Add a 'ni' to your surname if you wish to make it big in wealth.
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ChatGPT is down and I can vouch it's 100x more irritating and painful than WhatsApp being down or even Instagram.
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Most people have no idea what Elon and his team have pulled off. A 32-storey building has been caught mid-air. Last time I saw this happening was in Avengers. Real life Tony Stark indeed.
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Market Cap (2001). NVIDIA: $2B.AMD: $8B.INTEL: $250B. Market Cap (2024). NVIDIA: $2T (1000x).AMD: $285B (35x).INTEL: $180B (0.7x). NVIDIA is the modern day king it seems.
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Steve Jobs' is truly rags to riches. Born: Orphan.Age 21: Pioneered Personal Computer.Age 23: $1M.Age 24: $10M.Age 25: $100M. Unique vision that's inspired by excellence, beauty and brilliant design. Charismatic & Visionary Leader.
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Universities in the World's Top 200: . USA: 56.UK: 25.Germany: 21.China: 13.India: 0. Some of the country's best including IITs/BITS were ranked beyond the 500 band. What's the reason?.
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Blinkit revenue . Q1 FY24: ₹384 Cr.Q1 FY25: ₹942 Cr. Blinkit will be bigger than Zomato in a few years, they said. Rightly said.
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