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Post on Medial

2024-07-07T16:29:27.746Z

The biggest problem faced by those who have made money through predominantly cash transactions in personal-centric businesses in Kerala and India is the lack of a place to store the accumulated untaxed cash. They do not need returns; they want an asset that can be safely stored and converted back to cash at any time. In the past, gold, real estate, and sometimes stocks were options. However, with Aadhar cards, PAN cards, and KYC processes tracking transactions, they fear that sooner or later, they will get caught in PMLA cases through trail and trace methods. To circumvent this, they use luxury class items to store their wealth. You might ask how they will sell these items back. That’s where the cunning of companies like Royal Drive comes in with their buy-back offer. Additionally, in a network system, one person's purchased vehicle is sold to another person, in a process called round-tripping. A's car, after depreciation, is sold to B, B's car is bought by C, and C's car is bought by

Vaibhav Babruwan Shingde

Stealth • 9m

Guys, what do you think about why SoftBank is pulling their money out of Indian startups?

Anonymous 1
•

Google • 9m

They are cashing out old investments. Every investor expects returns after 10 years so that they can return money to their LP's. A funds natural cycle is around 7-10 years.

Vaibhav Babruwan Shingde

Stealth • 9m

Got it.

0 replies

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