In this episode, I will be sharing BluSmart's story and will be answering a few questions such as: How did BluSmart win over the hearts of people? Who are the people running BluSmart? How does it do business? These are a few of the questions we will be answering in this episode so watch the episode till the end.

Ride-hailing industry has been for so long in India with Ola and Uber becoming verbs when one needs a ride. But with the advent of electric vehicles, the ride-hailing industry is rejigging not by Ola/Uber but by BluSmart

BluSmart, founded in 2019, is an all-electric ride-sharing platform that is taking on the big boys such as Ola and Uber for a piece of the ride-hailing market in India. With a more unconventional approach to owning the assets, BluSmart has decided to take the asset-heavy approach contrary to that of Ola and Uber, which I believe is a risky but smart approach in the long run.

BluSmart solved a bunch of problems that Ola/Uber have and that the people of India are extremely frustrated about such as cancellation of rides, surge pricing, etc. With all their cars being electric, they get the significant benefit of running cost of the car and preference from the government for being environmentally friendly.

This has led to people adoring BluSmart, giving the founding team the confidence to grow faster. They had recently raised a $25M round, the largest ever in EV space in India, led by BP Ventures, and are now in advanced talks to raise $250M. The company also secured a $100 million credit line to expand its fleet via the purchase of 7,000 electric vehicle cars. Currently, they have 3000+ cars in the fleet.

By the way, I use Coin by Zerodha for SIP investing in mutual funds' Direct Schemes. You can open an account using this link: https://zerodha.com/open-account?c=XY6394

#blusmart #electricvehicle #ola #uber #startup #business

Link for watching the associated video on YouTube: https://www.youtube.com/watch?v=srdJOhi3hvM

This podcast will cover 3 major topics 

1. Theoretical understanding of compounding (with calculations and graphs)
2. Practical understanding of compounding via Nifty50 and Asian Paints (with calculations and graphs)
3. Importance of compounding and staying in the market 

I use Zerodha for investing. You can start by opening your account here: https://zerodha.com/open-account?c=XY6394

#finance #investing #ashishsoni #longterminvestment #compoundingeffect

Is Investing your surplus savings (salary - expenses) important?

I believe it is absolutely important and it can add 12 extra years after your retirement. Let's understand how...

I will try to explain the importance of investing with 2 cases:

Case 1: If you don't invest your surplus savings (salary - expenses) and keep them in a savings account.

Case 2: If you invest your surplus savings (salary - expenses) and keep them, let's suppose in mutual fund scheme(s)

Assumptions:

1. Age: 30

2. Retirement Age: 60

3. Post Tax Salary per month: 50000

4. Expenses per month: 30000

5. Salary increment yearly: 10%

6. Expense Growth per year: 5%

7. Inflation: 5.5%

------------

Case 1: If you don't invest your surplus savings (salary - expenses) and keep them in a savings account with an interest rate of 3% (moderated to 1% after 30 years)

Your money will grow to 36,797,140 or 3.7 Cr when you will be at the age of 60

After your retirement, you can use 3.7 Cr for only 3.5 years to maintain your expenses in terms of your lifestyle

So: Do not invest -> get 3.7 Cr @60 -> will last for only 3.5 years after retirement

--------------

Case 2: If you invest your surplus savings (salary - expenses) and keep them in a mutual fund scheme(s) with an investment rate of 15%

Your money will grow to 237,908,750 or 23.8 Cr when you will be at the age of 60

After your retirement, you can use 23.8 Cr for 15 more years to maintain your expenses in terms of your lifestyle

So: Invest -> get 23.8 Cr @60 -> will last for 15 more years after retirement