Embracing Innovation : New Products by Legacy Players
While fintechs are celebrated for their agility, innovation, and cost-effectiveness, legacy players have traditionally been seen as more established but often encumbered by outdated technology.
However, in recent times, these legacy financial institutions have launched several innovative products and services, some in collaboration with fintechs and others independently. This shift demonstrates their commitment to evolving with the times and meeting the dynamic needs of their customers…
Rooftop Revolution: How Solar Power is Transforming India’s Energy Landscape
Rooftop solar installations have been a key focus of India’s renewable energy strategy over the past decade. The government launched the National Solar Mission in 2010 with ambitious targets for solar power, including a significant push for rooftop solar systems. Initially, progress was slow due to high costs, lack of awareness, and regulatory hurdles. However, as technology improved and costs decreased, adoption began to accelerate, particularly in urban areas.
Maharashtra has achieved a remarkable milestone in its journey towards sustainable energy, surpassing 100MW of rooftop solar installations. This achievement not only marks a significant step in the state’s commitment to renewable energy but also highlights the growing awareness and participation of its citizens in the green energy revolution…
Direct Lithium Extraction: The Game-Changer Unlocking a Lithium Revolutio
As an analyst covering the Electric Vehicle (EV) space for the past couple of years, I’ve witnessed an evolution unfold before my eyes. What started as a niche market has transformed into a global phenomenon, driven by the relentless pursuit of sustainable transportation and energy independence. Now after this long, we can absolutely get one thing straight — the electric vehicle revolution is here, and it’s not going anywhere.
At the heart of this revolution lies lithium, the critical element that powers the lithium-ion batteries fuelling our electric vehicles. Who would’ve thought that this unassuming metal would spark such a frenzy? But here’s the catch: traditional lithium extraction methods are about as sustainable as a gas-guzzler on a cross-country road trip…
Vertical SaaS: Unlocking Value
Vertical Saas has been a hotbed for venture investments for the better half of the previous decade and with the advent of models. In our pursuit of looking at Vertical SaaS, its value discovery and evolution, Procore would make for an apt example.
Procore– a provider of a cloud-based construction management platform, is an interesting use case in SaaS and vertical software plays. It filed its S-1 in 2020 and IPO’d in the ZIRP frenzy in 2021, with a market cap of $631 million whilst having $289M in revenues that fiscal year. The interesting story is that in 3 years, they’ve been able to float at a market cap of $9.8 Billion and grown to $950M in subscription fees. Prior to their listing in 2021, Procore raised 7 rounds of venture capital from the likes of Bessemer Venture Partner, ICONIQ Capital, Tiger Global Management amongst other backers.
