Dear friends and well-wishers of Kampani Capital,
This edition of the CEO’s letter comes at a time when Mumbai and a large part of the country has finally seen some easing off from the searing Indian summer. We are also in the midst of a sporting bonanza what with the T 20 Cricket World Cup in North America as well as the Euros & Copa America in Europe & South America.
An interesting trend we have observed is a fast growing “indoor economy” as more and more Indians prefer to be indoors for work & fun. Some of the beneficiaries of this trend are firms in the QSR, Quick Commerce and E- Tailing space. There is no bigger example of this than the recent giant funding round of more than USD 650 Mio by Zepto -one of India’s largest Q comm firms. While Q Comm in India started off with small household items and grocery, it is now delivering anything and everything from toys to electronics, fashion merchandise to luggage – one more tribute to the growing purchasing power of the Indian consumer! We are also seeing a lot of traction in the QSR space – Indian consumers cant have enough of ordering Biryanis,Ice Creams, Momos and Rolls at their offices & homes .This can be seen in all the deals that are happening in this space over the last 12 months with more family offices also getting into this space.
During our recent interactions with some of the funds and family offices based in Europe and the Middle East, we were very happy to note that there continues to be interest in Indian investment opportunities across both public and private markets in some of the newer sectors like Climate, Consumer, AI-ML and EV outside of the traditional areas like Fintech and Edtech. With the election uncertainty behind us, there are clear signals that the world understands that India continues to remain open for business.
Sowmya and I look forward to meeting some of you during our roadshows in Mumbai and Pune over in the first half of July. Business activity in India normally moves into higher gear as the weather becomes more benign and some of the festivals start coming up. This year appears to be no different.We would also like to thank all our global and local partners who have been very supportive of all our recent endeavours with a special mention to all our friends based in Italy- A big “Ciao” to them !
Amar Kampani
CEO and Founder,
Kampani Capital (a division of Anak Consulting LLP)
27th June 2024
