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us for an inspiring conversation with Neeraj Chopra, India’s first athletics Gold medalist, and Karthik Reddy, co-founder and Managing Partner of Blume Ventures. In this podcast, Neeraj shares his journey from a small village in Haryana to standing on the Olympic podium, while reflecting on the challenges, sacrifices, and triumphs along the way. Get an inside view on what it takes to be a champion. Timestamps: 0:00 - Intro 3:21 - Neeraj Chopra’s youth and childhood 9:17 - Neeraj Chopra’s love for farming 13:01 - First big win 16:00 - The pressure to represent the country 19:15 - How did Neeraj feel after winning gold at the Olympics 21:15 - Neeraj’s Silver at the Paris Olympics 27:55 - Difference between individual and team sports 35:08 - Who is the ing cast to Neeraj? 41:00 - What is Neeraj Chopra’s routine? 43:44 - How does Neeraj Chopra deal with disappointment and pressure? 48:26 - Why did Neeraj Chopra choose to represent STAGE? 52:50 - State of sports infrastructure in India 57:07 - Rapid fire questions This episode is packed with valuable insights into the life of a world-class athlete, touching on mental resilience, discipline, and the importance of a strong system. A special thank you to IDFC First Bank for being a partner for this podcast and STAGE (Blume Fund IV) for helping us connect with Neeraj Chopra and for generously providing their office space to record this episode.

us for episode nine of the Blume Podcast - Winning Beyond Boundaries, featuring Dr. Mukund Rajan, former brand custodian of the Tata Group, in conversation with Karthik Reddy of Blume Ventures. In this chat, Dr Rajan takes us through his inspiring journey, from his early days as a Rhodes Scholar at Oxford to his impactful 23-year tenure at Tata. He shares personal anecdotes and insights that reveal the human side of corporate leadership, including his close working relationship with Ratan Tata and the lessons learned along the way. Key topics discussed: Dr Rajan's unique childhood experiences across various countries The evolution of the Tata Group and its global impact Personal stories that highlight Ratan Tata's leadership style The history, purpose, and challenges of Tata istrative Services (TAS) in building sustainable leadership Dr Rajan’s role in launching one of India's premier airline services 'Vistara' , and its future Balancing tradition with innovation in today’s business landscape Insights into sustainable leadership and the future of Indian business Don’t miss this inspiring conversation with Dr. Mukund Rajan as he shares valuable leadership lessons, behind-the-scenes stories from the Tata Group, and his vision for a sustainable future. Whether you’re an aspiring entrepreneur, a business leader, or simply curious about the legacy of one of India’s most iconic companies, this episode has something for everyone. Thanks to our annual partner IDFC First Bank and Sponsor Ultrahuman for making this episode possible. Chapters: [00:00:00] Introduction and Mr. Tata’s Letter to Vajpayee [00:01:08] Welcome and Guest Introduction [00:03:27] Early Life and Diverse Exposure [00:06:17] Family Influence and Dinner Table Conversations [00:08:11] Tata Journey and First Encounter with Ratan Tata [00:12:31] Evolution of Tata istrative Services (TAS) [00:17:11] Fun Anecdotes about Ratan Tata [00:22:05] Tata Group’s International Ambitions [00:27:06] Framework for Strategic Decisions [00:34:27] ion for Design and Architecture [00:41:00] Founding the Tata Opportunities Fund [00:44:04] TCS IPO: A Masterclass in Corporate Governance [00:50:18] Chief Ethics Officer and Overhauling the Code of Conduct [00:55:30] Origins and Future of Vistara [01:03:14] Launching ECube and ESG Focus [01:09:11] Rhodes Scholarship and Philanthropic Efforts [01:11:01] Rapid Fire Questions

us for Episode 8 of Season 3 of the Blume Podcast - Winning Beyond Boundaries, featuring Alok Sama, former President and CFO of SoftBank Group International in conversation with Karthik Reddy of Blume Ventures. In this fascinating conversation, Alok shares insights from his remarkable journey across global finance and technology, including orchestrating some of the largest deals in tech history, like the $59B Sprint-T-Mobile merger and SoftBank's $34B acquisition of ARM. Drawing from his recent book "The Money Trap: Lost Illusions Inside the Tech Bubble," Alok offers a candid look at working alongside Masayoshi Son during SoftBank's most volatile period, unpacks three decades of experience in investment banking and VC, and shares valuable lessons on navigating complex global deals. From his early days in Delhi to shaping Morgan Stanley's TMT practice in Asia-Pac and eventually becoming one of Masa Son's closest advisors, Alok's story is a masterclass in understanding global markets and tech ambition. Currently a senior advisor at Warburg Pincus, he continues to influence the intersection of technology and finance. Key topics discussed: The journey from Delhi to global finance ⁠Behind-the-scenes of major tech deals Working with Masayoshi Son The future of technology and AI India's evolving tech ecosystem Lessons from a career in global dealmaking Timestamps: 0:00 - Introduction and early SoftBank days 1:05 - Welcome and guest introduction 2:54 - Growing up in Delhi and early influences 6:42 - Indian influences and cricket ion 9:46 - Journey into mathematics and finance 15:33 - Serendipity in career choices 20:57 - Writing "The Money Trap" 24:01 - Morgan Stanley years and global deals 31:05 - Understanding mega-deals 38:40 - Masayoshi Son's unique qualities 41:49 - Vision Fund and investment strategy 47:57 - Future of technology and AI 54:19 - India's startup ecosystem 1:03:12 - Current role at Warburg Pincus 1:05:03 - Rapid fire questions This episode is brought to you by IDFC First Bank, a committed partner to India's startup community. IDFC First Bank continues to foster innovation and entrepreneurship, playing a crucial role in the growth journey of numerous startups, including many Blume portfolio companies. #BlumePodcast #TechInvestment #StartupIndia #VentureCapital #SoftBank #GlobalFinance #Leadership #MasayoshiSon #TechDeals #InvestmentBanking #IndianStartups #GlobalTech #Innovation #Entrepreneurship #BusinessLeadership #VCFunding #TechnologyInvestment #DigitalTransformation #StartupGrowth #MergersAndAcquisitions #TechIndustry #BusinessStrategy #InvestorInsights #FutureOfTech #AITechnology #IndianTech

In the 7th episode of the Blume Podcast, the host Karthik Reddy, co-founder and Partner at Blume Ventures, dives deep into the fascinating world of hardware innovation with two extraordinary founders who have redefined what it means to build hardware companies from India. us as we host Akash Gupta (CEO & Co-founder, GreyOrange) and Mohit Kumar (CEO & Co-founder, Ultrahuman). Both GreyOrange and Ultrahuman are part of Blume's portfolio. From revolutionizing warehouse automation to pushing the boundaries of personal health monitoring, these founders share their incredible journeys of building globally respected companies from India. Learn about their challenges, strategies, and insights on: • Building hardware companies in India • Global market expansion • Manufacturing and talent challenges • Future of hardware innovation • Building world-class teams Part of Blume Podcast Season 3: "Winning Beyond Boundaries" 🔍 Key Timestamps: 00:00 Introduction & Guest Introductions 03:02 Early Hardware Journey in India 08:40 Building GreyOrange: From College Project to Global Company 15:30 Ultrahuman's Evolution & Hardware Development 21:45 Manufacturing Challenges & Building in India 32:15 Going Global: Market Expansion Strategies 43:20 Building Teams & Culture in Hardware Companies 52:40 Hardware Talent Ecosystem in India 1:03:30 Future of Hardware Manufacturing 1:12:45 Advice for Hardware Founders 1:20:30 Rapid Fire Round 1:23:40 Future Vision & Closing Thoughts

us for an insightful conversation with Aditya Ghosh, one of India's most dynamic business leaders, in the 6th episode of Blume Podcast S3, Winning Beyond Boundaries.  From leading IndiGo Airlines' meteoric rise to becoming India's largest airline, to now steering Akasa Air's ambitious journey, Aditya shares invaluable insights into building successful businesses in India. In this candid discussion with Karthik Reddy, Aditya reveals:• His journey from a young lawyer at JSA to becoming IndiGo's CEO• The unique partnership between Rahul Bhatia and Rakesh Gangwal that created IndiGo• Critical business strategies that helped IndiGo maintain profitability in a challenging industry• How structural advantages built on Day 1 shaped IndiGo's success• The importance of empathy and people management in building great organizations• His current role in shaping Akasa Air's future• Insights into India's aviation market potential and growth opportunities Aditya also shares personal stories about his upbringing in a government colony, his early career decisions, and the values that have shaped his leadership style. His perspective on India's consumption story and the opportunities it presents for entrepreneurs makes this episode a must-watch for business leaders and aspiring entrepreneurs alike. Key Timestamps:[02:36] - Episode Introduction [04:01] - Views on Entrepreneurship [06:47] - Growing Up Years [13:20] - Path to Law [17:18] - First Job Experience [19:26] - The InterGlobe Connection [21:43] - Birth of IndiGo [24:27] - Seizing Opportunities [30:14] - Leadership Philosophy [34:08] - Building Culture [42:03] - IndiGo's Success Formula [44:54] - Cost Management [46:40] - Strategic Advantages [50:56] - The Akasa Journey [53:46] - Future of Aviation [57:39] - The Founding Partnership [01:02:10] - Rapid Fire Round [01:09:42] - Closing Thoughts Special thanks to our Season Partner IDFC First Bank for ing this series. #BusinessLeadership #IndianAviation #Entrepreneurship #StartupIndia #BusinessPodcast #IndiGo #AkasaAir #Leadership #Aviation #IndianBusiness

This episode provides a deep dive into the journey of Persistent Systems, from its humble beginnings to becoming a global technology powerhouse. Anand Deshpande shares insights on company growth, leadership transitions, and the importance of adapting to market changes. His perspectives on entrepreneurship, technology trends, and social impact offer valuable lessons for aspiring entrepreneurs and established business leaders alike. Key Topics: Persistent’s growth journey and evolution through multiple business orbits Entrepreneurship challenges, scaling strategies, and leadership transitions Technology trends, including the impact of AI on the IT industry Social impact initiatives and philanthropic efforts  Global expansion and understanding international markets Timestamps  00:03:18 - Early life 00:06:55 - IIT Kharagpur experience 00:09:59 - US education and work 00:19:34 - Founding Persistent Systems 00:26:29 - Indian IT challenges in 1990 00:32:00 - Business model evolution 00:35:25 - Persistent’s S orbits  00:39:46 - Transition from ‘My’ to ‘Our’ company 00:56:18 - VC funding and IPO 01:01:42 - Philanthropic initiatives 01:08:16 - Research projects 01:14:12 - AI impact on IT 01:16:36 - Rapid-fire questions

This episode offers invaluable insights into India's economic transformation and its aspirations to become a global powerhouse. Amitabh Kant shares his diverse experiences from grassroots development in Kerala to high-level diplomatic roles, highlighting his contributions to India's progress. His perspectives on entrepreneurship, digital infrastructure, and global competitiveness provide inspiration and practical advice for entrepreneurs aiming to build world-class businesses from India. Chapters: 00:02:41 - Early career in Kerala 00:04:55 - Transforming the lives of fishermen in Kerala 00:07:24 - "God's Own Country" campaign 00:10:54 - Public-private partnership in Kerala 00:14:05 - Hosting Prime Minister Vajpayee 00:15:52 - The Incredible India campaign 00:18:40 - Ease of doing business ranking 00:21:02 - Startup India initiative 00:23:15 - Impact of Digital Public Infrastructure 00:26:49 - Global market penetration for India's growth 00:29:30 - Vision for India as a developed nation by 2047 00:32:46 - Key qualities of team 00:34:48 - Leadership skills 00:36:48 - Navigating cross-border cultural differences 00:37:45 - Rapid-fire questions

This episode offers invaluable insights into building a successful FMCG business from scratch and expanding it globally. Harsh Mariwala shares his journey of transforming a family commodity business into Marico, a leading multinational FMCG company. His experiences and perspectives on talent management, innovation, brand building, and international expansion provide inspiration and practical advice for entrepreneurs aiming to create world-class businesses from India. Key Topics: Harsh Mariwala’s early years and transition from family business to building Marico The journey of converting unbranded commodities to powerful consumer brands Importance of talent acquisition and retention in building a successful company Strategy of focusing on categories where MNCs were not strong Going public early and its impact on corporate governance and growth International expansion strategy starting with neighbouring countries Acquisition approach to enter new markets like Egypt, South Africa, Vietnam Transforming Saffola from an edible oil to a health brand Approach to D2C brands  Creation of ASCENT Foundation to and mentor entrepreneurs Marico Innovation Foundation's work in accelerating innovative startups Leadership transition and importance of clear roles post stepping down as CEO Hiring practices and key leadership qualities sought in executives Advice for entrepreneurs on grit, continuous learning, and creating differentiation #HarshMariwala #Marico #FMCG #IndianEntrepreneurs #GlobalBrands #Innovation #InternationalExpansion #D2CBrands #Entrepreneurship 00:58 - Early days and family business background 07:36 - Lessons for entrepreneurs from Harsh Mariwala's experience 10:00 - Transition from unbranded to branded products 15:43 - Importance of talent and learning in building Marico 17:55 - Portfolio strategy and becoming market leaders 22:58 - Acquisition strategy and international expansion 26:05 - Going public and its impact on Marico 29:57 - Transforming Saffola into a health brand 32:54 - Views on D2C brands and Marico's approach 38:50 - International expansion strategy 45:32 - Future of international expansion 48:51 - Transitioning out of CEO role 52:40 - Hiring practices and leadership qualities 53:50 - ASCENT Foundation for promoting entrepreneurship 55:35 - Marico Innovation Foundation 58:16 - Rapid fire questions

Guest: Mahesh Bhupathi, Tennis Grand Slam Champion and Entrepreneur  Host: Karthik Reddy, Co-founder of Blume Ventures This episode provides insights into what it takes to achieve global success and excel on the world stage. Mahesh shares his journey from a young tennis prodigy to a Grand Slam champion, offering valuable lessons applicable to both sports and business. His experiences and perspectives on talent development, overcoming challenges, and transitioning to entrepreneurship provide inspiration and practical advice for anyone aiming to win beyond boundaries. Key Topics: Mahesh's early years and his father's influence on his tennis career The journey to becoming a Grand Slam champion Partnership with Leander Paes and dynamics of doubles tennis Memorable Olympic experiences and dealing with tough losses Physical and mental discipline required for a long-lasting tennis career Transition from professional tennis to entrepreneurship Founding and growth of Globosport Insights on talent spotting and development in tennis The state of Indian tennis and challenges in building a robust ecosystem Parallels between sports and entrepreneurship Advice for aspiring tennis players and young entrepreneurs Current focus on sports management  #MaheshBhupathi #Tennis #IndianTennis #LeanderPaes #Olympics #GrandSlam #FrenchOpen #Wimbledon #USOpen #AustralianOpen Timestamps [00:00:00] - Introduction [03:17] - Mahesh talks about his early tennis beginnings and his father's influence. [05:25] - Discussion on the importance of family in sports careers. [06:59] - Mahesh recounts his first visit to Wimbledon at age 12. [11:58] - The story of Mahesh's first Grand Slam win in mixed doubles at the 1997 French Open. [16:03] - Mahesh discusses his partnership with Leander Paes. [18:49] - Insights into why the ‘Indian Express’ clicked and how they overcame challenges [21:23] - Discussion of the 2004 Athens Olympics match against Federer and Allegro [24:52] - Mahesh talks about recovering from tough losses, particularly the Athens Olympics bronze medal match [28:22] - Discussion on maintaining physical and mental discipline over a long career [31:10] - The importance of continuous learning and improvement in tennis [33:19] - Mahesh shares insights on coach-player relationships [36:30] - Discussion on the right time to retire [38:48] - Mahesh talks about starting Globosport and his business endeavours. [41:39] - Insights into spotting tennis talent and the state of Indian tennis. [45:41] - Discussion on developing a system for nurturing tennis talent in India. [49:05] - Rapid-fire questions

Guest: Girish Mathrubootham, Founder and Executive Chairman of Freshworks Host: Karthik Reddy, Co-founder of Blume Ventures This episode provides deep insights into building a global SaaS company from India, scaling a startup to a public company, and the future of SaaS with AI. Girish Mathrubootham shares his journey from Chennai to NASDAQ, embodying the spirit of "Winning Beyond Boundaries." Key Topics: Girish's background, including his iration for Superstar Rajinikanth and early entrepreneurial experiences The founding story of Freshworks (originally Freshdesk), inspired by a customer service experience Building a global SaaS company from Chennai, India, and overcoming cultural barriers Freshworks' journey from startup to NASDAQ-listed company, including key funding rounds Critical decisions in Freshworks' growth: inbound business model, multi-product strategy, enterprise sales Hiring strategies and talent development at different company stages, from campus recruitment to executive hires Experience in becoming and running a public company, likened to a "big fat Indian wedding" The impact of AI on SaaS and Girish's decision to focus on AI as Executive Chairman The growth of the Indian SaaS ecosystem and initiatives like SaaSBoomi to create a "product nation" Girish's involvement in Together Fund and ing the next generation of SaaS founders Freshworks' culture and the emergence of a "Freshworks mafia" in the startup ecosystem Girish's venture into sports with FC Madras, expanding his influence beyond tech The episode showcases how Girish Mathrubootham and Freshworks have put India on the global SaaS map, achieving a successful IPO on NASDAQ and creating a blueprint for other Indian SaaS startups. It highlights the importance of "Winning Beyond Boundaries" in building world-class products from India and nurturing the SaaS ecosystem through initiatives like SaaSBoomi. PS- Special thanks to Ultrahuman for gifting their cutting-edge rings to our guests and to IDFC First Bank for being our annual partner. Links: Blume podcast transcripts: https://blume.vc/podcasts/blume-podcast  Spotify: https://open.spotify.com/show/227rW4Ee4ob6wRT8U7pJ8s?si=9e43c6b4c7d54ea0  YouTube: https://www.youtube.com/@BlumeVenturesIN/  Timestamps:  0:00 - Introduction of Girish Mathrubootham and Freshworks 2:38 - Girish talks about his love for Superstar Rajinikanth  5:55 - Early days and college friendships that backed Girish's ventures 7:31 - Girish's journey at Zoho (AdventNet) and becoming a product manager 11:57 - Origins of building global products from India 13:20 - The idea and impetus for starting Freshworks  16:23 - Early challenges in building a global company from Chennai 18:47 - Disruptive business model of Freshworks 26:55 - Getting funded by Accel and Tiger Global 36:58 - Key pivotal decisions in Freshworks' journey 39:30 - Going multi-product and choosing what to build 45:33 - Hiring and talent strategies at different stages 52:20 - Experience of becoming a public company 57:48 - Girish's decision to move to Executive Chairman role and focus on AI 1:10:52 - Motivations behind SaaSBoomi and Together Fund 1:15:43 - Pride in seeing the "Freshworks mafia" 1:16:30 - Rapid fire questions

Karthik Reddy, Blume Ventures co-founder and host of the Blume Podcast, unveils the exciting theme for Season 3 of the Blume Podcast. Discover how Indian startups are making waves on the international stage 🌏 in this must-watch explainer video. Understand why 'Winning Beyond Boundaries' is more than just a slogan Learn about India's transition from IT services to innovative global products Hear success stories of Blume portfolio companies like Ultrahuman, Gray Orange, and Carbon Clean 🌟 Key Insights: •⁠ ⁠The surge of confidence in Indian tech and deep tech startups •⁠ ⁠How SaaS unicorns like Freshworks and Chargebee are inspiring a new generation •⁠ ⁠The rise of Indian D2C brands in global markets 💡 Karthik breaks down: The 'You ain't seen nothing yet' mindset driving Indian entrepreneurs How brand India is evolving and gaining recognition worldwide The diverse range of guests for Season 3 - from arts and sports to policymakers and startup founders 🎙️ Get ready for an inspiring season showcasing Indian innovation, entrepreneurship, and cultural impact across the globe. Subscribe now and hit the notification bell to catch every episode!

We've reached the end of the road for the second season of the Blume Podcast, which was championed by its theme: the power of compounding. Karthik and Rohit discuss, analyse, and deconstruct their favourite moments from the season, which featured stalwarts like Manish Sabharwal, Nithin Kamath, and Radhika Gupta. They haven't just built companies. But rather, institutions, in their own right. Understand why Karthik encourages everyone at Blume to listen to all episodes, his utmost belief in step-function compounding, and how every founder journey is inherently unique, even if it bears similarity with others. It's been a true pleasure bringing you these conversations across industries, sectors, and domains. Tune in for episode ten, and see you very soon again!

Diamonds are forever. But in 2008, they also went online. In our first ever video episode of the Blume Podcast, which happens to the last episode of Season 2, Karthik Reddy sat down with Mithun Sacheti, the CEO of CaratLane who spilled some gems on the glitzy yet laborious world of being a D2C jewellery brand. In a traditionally ‘low-trust’ society like India, Mithun and his team went from his early days selling jewellery with the family-owned Jaipur Gems to becoming an indispensable part of the Titan group. The journey has is fair share of ups and downs, including a riveting conversation with Rakesh Jhunjhunwala, the topsy-turvy process of raising capital, and solving for trust through brand-building. You can find Transcripts on Blume's official website - https://blume.vc/podcasts/blume-podcast

us in this insightful episode of the Blume Podcast as Karthik engages in a candid fireside chat with Radhika Gupta, the dynamic Managing Director & Chief Executive Officer of Edelweiss Mutual Fund. Delve into Radhika's fascinating journey from a diplomatic upbringing to becoming a trailblazing entrepreneur in the financial services sector. Discover the twists and turns, the challenges faced, and the strategic decisions that led her to her current role. Gain valuable insights into the world of asset management, entrepreneurship, and the power of compounding success.

us as we delve into the remarkable story of R.G. Chandramogan, who went from selling ice cream on pushcarts in the 1970s to becoming the chairman of India's largest private-sector dairy company, Hatsun Agro. Discover his pioneering journey in the world of dairy, entrepreneurship, and resilience. With a 7,000+ crore revenue company, Chandramogan's insights and determination to build a generational business are truly inspiring.

For the latest episode of the Blume Podcast, Vinati Saraf Mutreja of Vinati Organics takes us through her journey of growth, innovation, and resilience, leading one of India’s most respected chemical manufacturing companies that she ed all the way back in 2006. In conversation with Blume Ventures’ Karthik Reddy, Vinati spoke about the importance backward-integration in a heavily commoditised business like chemicals, why equity is the important source of capital, and some hidden insights around India’s misunderstood manufacturing industry. Later on in the episode, Vinati speaks about the changing landscape of women leadership in the corporate world and why staying healthy is more important than being successful. It’s an episode for the ages. Listen now! You can find Transcripts on Blume's official website - [https://blume.vc/podcasts/blume-podcast] Don't forget to subscribe to our YouTube channel for all our latest videos and follow the Blume Podcast on your favourite podcast app. #blumevc #podcast #vinatiorganics #chemicalmanufacturing

In this episode, Manish Sabharwal from TeamLease discusses the origins of the staffing company and the key traits that contributed to its success. He shares his memories of India Life and how it eventually led to the creation of TeamLease. Additionally, he talks about the differences in decision-making between the two companies and the advantages of being a second-time founder. Manish discusses the key areas that need attention for India's development. He emphasizes the need for civil service reform, as it plays a crucial role in regulatory reform and ease of doing business. The conversation also touches upon the significance of human capital for a country's growth. Manish cites India's achievements in software exports and the pharma industry as examples of successful utilization of human capital. However, he acknowledges the need for basic school education to ensure a strong foundation for the entire population. Manish discusses the concept of balancing short-term and long-term goals, drawing on the distinction between Amanat and Jagir from his Kashmiri upbringing. He explains that Amanat refers to a trusteeship, where one is expected to on something in better condition to the next generation, while Jagir represents personal ownership and consumption. Drawing on this analogy, Manish highlights the importance of expanding time horizons beyond immediate gains and optimizing for long-term growth, rather than focusing solely on short-term profits by emphasizing the achievements of companies like HDFC, Infosys, and TCS, which have built lasting value through decades of consistent growth and compounding. In this conversation with Karthik B. Reddy, Manish discusses why, for long-term growth, a company should adhere to certain principles. Firstly, it should differentiate between a "baby" company poised for growth and a "dwarf" company that remains small, based on a balance between short-term and long-term goals. Manish emphasizes the importance of the cap table and funding sources to secure perpetual capital for future aspirations. Additionally, he stresses the need for cognitive diversity within the team to incorporate different perspectives and skills. Lastly, Manish advises companies to avoid making detrimental decisions, such as diversification, excessive debt, or non-compliance and recommends having safeguards in place to prevent such mistakes. Check out the entire episode for lessons on building a long-lasting business.

In this podcast episode, Dinesh talks to Karthik B. Reddy of Blume Ventures about his journey starting a business in India around the time the internet was first introduced there. He was ionate about doing some business that would be centered around the internet and in India. He waited for the internet to be announced in India, and as soon as the announcement was made on August 15th, 1995, he asked his manager to transfer him back to India. Dinesh also shared his thoughts on business growth and profit margins. The compounding can come to you when your margins are expanding. He encourages entrepreneurs to aspire to this kind of compounding. He also talks about the importance of having a mix of talent in a team, including those who are operationally strong and can focus on present problems, as well as those who are forward-thinking and consider future trends. On India’s growth story, he emphasizes the importance of small and medium-sized enterprises (SMEs) in creating employment and income in India. He argues that ignoring SMEs could lead to disastrous consequences for the country. Dinesh's thoughts on SMEs and the importance of employment highlight his commitment to building a successful business in India that benefits all stakeholders.

In this episode, Nithin Kamath, founder and CEO of Zerodha sat down with Karthik B. Reddy, Managing Partner at Blume Ventures, to talk about building and scaling an online brokerage firm without any external capital.  Nithin's idea was to attract a small niche group of active online traders, which is how Zerodha started. The company was never meant to be a large brokerage, but rather a boutique firm to cater to these traders. Nithin's journey serves as an example of the power of compounding and his ability to inspire young entrepreneurs. He emphasizes the importance of building trust before buying a financial product, which is built through word of mouth. They have worked on building trust by answering customer queries on forums and providing market intelligence. Highlighting Zerodha's self-sustainability, Nithin argues that having growth capital could have allowed them to grow faster, but also acknowledges it still happened at the same pace nevertheless minus the pressure of raising one round after the other.  Nithin discusses the importance of long-term thinking in business, contrasting with other peers who focus on short-term goals. At Zerodha, the core team has been together for at least five or six years, ensuring their understanding of the business and skill sets compound over time. This approach has kept the business together, as the top hundred are dedicated to the company's philosophies, such as treating customers right and using success to give forward. In this season of Blume Podcast, we hosted another eminent personality in the finance space, Raamdeo Agrawal of Motilal Oswal Financial Services. Check out our last episode here - https://blume.vc/podcasts/blume-podcast/raamdeo-agrawal-podcast

In the second episode of the Blume Podcast, host Karthik B. Reddy of Blume Ventures engages in a captivating conversation with Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, one of India's leading financial services firms. Agrawal shares his insights on various topics, including his investment philosophy, the dangers of building a startup for the wrong reasons, and his views on the growth of India. Throughout the conversation, Agrawal emphasises the importance of being ionate about one's work and having a strong sense of purpose. He shares how he and his co-founder built their company from scratch, starting with a small office and gradually building it into a national brand. On his investing outlook, shared his experience with Bharti Airtel to discuss the value of having a framework for understanding the value of a company. He also talks about the importance of creating a solid brand identity and the role that marketing plays in building a successful business, and how Jagdeep Kapoor of Samsika Marketing inspired him. The conversation concludes with Agrawal offering some advice to startup founders. He emphasises the importance of having a clear vision and patience in building a sustainable business instead of focusing on short-term returns and a temporary valuation bump. Watch this space for more.