Ankit Gera

300+ AQI in March and in the afternoon. Imagine what it is at night. #AllisWell

Junio receives RBI approval to issue prepaid payment instruments entrackr.com/snippets/junio…

Junio’s revenue surged by 2.28x to Rs 7.28 crore in FY24, up from Rs 3.19 crore in FY23. Founded in 2020 by Ankit Gera and Shankar Nath, Junio aims to instill financial discipline in children from an early age. Headquartered in Delhi, the company has positioned itself as a pioneer in the kid-focused fintech space, simplifying money management for young users while ensuring parental control. Read more at: thekredible.com/blogs/junio-re… #fy24 #financials #junio #fintech

Squid Game's creator pitched the script to studios for 10 years. They rejected him every time. Then Netflix finally took a chance... And it became their most-watched show EVER in just 28 days. Here's how persistence turned a "no" into a $900M yes:

@thekaipullai @Loanguruji Also, Amex is not accepted at every shop/website/app. So, loading money in Mobikwik and then spending via UPI make Amex acceptable everywhere. All this info is there on various credit card forums :)

@thekaipullai @Loanguruji Enough to justify Mobikwik UPI numbers. Also, spending per Amex card is significantly higher. They all try to achieve their 4 lakh annual milestone to get five free nights in Marriot + 10k Taj voucher. Many rotate money to accomplish this spend.

Some questions regarding Mobikwik IPO 1. Who used Mobikwik? 2. Really, who uses Mobikwik? 3. Have you met anyone who uses Mobikwik? 4. Seriously, who the hell uses Mobikwik? If you haven't ever used Mobikwik, don't know anyone who uses Mobikwik, then how do they make money?

@Loanguruji @thekaipullai Amex card holders use Mobikwik. It allows money to be loaded using Amex and then spent via UPI. They achieve 4 lakh milestones to get Marriott reward points. No other PPI enables AMEX credit cards to be loaded into the wallet and used via UPI. Imagine the spend now!

@thekaipullai I’ve met people who use Paytm for everything. I’ve met people who swear by Google Pay. I’ve even met people who still use cash because they don’t trust digital payments. But Mobikwik? Probably the same people who still use Orkut?

There are only 3 levels of wealth: 1) you can pay your bills and your rent without stress 2) you can eat at any restaurant without looking or worrying about the price 3) you can travel wherever you want without worrying about the price Beyond this, life doesn’t change with more money.

@deepakabbot Kya kijiyega itni dhanrashi ka? Thoda @LancerContainer khareed lo 🚀🚀

My Sovereign Gold Bond matures on 30th Sep giving 18.5% CAGR (tax free). If I had invested the same amount in Nifty index, I would have recd ~15% post tax. Not a recommendation to buy SB. I just got lucky with gold prices in last 2 years.

@deepakabbot Agar P = Podcast hota tab batate tumhe Bangalore waale.

Why is Bangalore lagging behind?

For me, a scooter is one on the left. Newer ones are just scooties for me. Call me old!!!

@deepakabbot Baar baar bolne se jhooth sach nahi hota

OD based home loan is one of those products which ONLY look good on paper. In reality it is an expensive product for 99% home loan customers (most OD based loans are atleast 40bps expensive). My advice is to use surplus funds to prepay your loan instead and reduce the tenure.

@sudsidle Need a stock analyser to predict the bottom. Wo hai?

Looks interesting. Any more food analyzer AI’s out there?

They want you to fear the market and keep money in FDs. They are losing deposits big time. They control the narrative. Don't get distracted from your long-term wealth target. Stay invested.

@sudsidle Boeing?

Of the 470 aircrafts ordered by Air India, 220 are Boeing. Of the 500 aircraft’s ordered by Indigo, 0 are Boeing. I don’t understand what’s wrong with Air India.

@WeekendInvestng @neerajarora91 Three years start from the day of registration. His under construction flat may not be registered till it's ready and OC received. So this 5 year period won't be counted towards the three year ownership period. It's not in his name yet

Challenge Question for CA friends here. @neerajarora91 A friend of mine is buying a under construction flat. where installments will be spread over 5 years He is likely to buy this in Mar 24 (allotment date) He will sell his long term equity stocks in the next 5 years gradually to meet the installment payments (spread over 5 yaers) to make use of Sec 54F And he plans to sell this unit on completion at end of 5 years He owns no other property than what he lives in and this flat is under 10cr so all conditions of 54F are met. His queries are: Stock sale for giving Installments that will be due to in year 4 and 5, will those remain tax exempt since 54F talks of construction within 3 years and house sale only after 3 years. So is his sale at end of 5 years be as per the requirement? Any issues that you can point out ? (for those not aware of this section , can read taxguru.in/income-tax/sec…

I really wonder how dumb (or overconfident) one has to be to think people won’t notice a poorly designed thin wrapper on GPT 3.5 and release it in public.

UPDATE: This blew up so I did some more homework. What @letsventurein is proposing is a “material change” under AIF regulations.

If you have invested in a syndicate via @letsventurein in India, I think they're trying to pull a bit of fast one with their LPs and leads 👇