«I do not know much about how it will make such a big difference to Zerodha, but to the financiers, it will. Because these guys are themselves selling what 50-60% of smartphones or phones, and they are selling their own televisions and everything else through their own network,» says Samir Arora, Helios Capital.We got a unique listing today. When I say not listing, but a price discovery of Jio Financial Services. What do you think would be the medium to long-term implications of this because Reliance is giving birth to a business which is backed by technology, which is backed by scale and they have advantage of data and reach. What implications do you think this could have on the lenders, the distributors, and even, for that matter, platform companies like Zerodha and Policy, PB Fintech? I do not know much about how it will make such a big difference to Zerodha, but to the financiers, it will.
Because these guys are themselves selling what 50-60% of smartphones or phones, and they are selling their own televisions and everything else through their own network. So easily, they can bundle financing along with it and directly say to the guys that if you are approved, and you are on my list then this is your price straight away, the customer does not even have to make a separate thing of first buying a phone, and then even if he takes one second to find a financier on an app, that can come packaged in and we will just check your name. And if your name is on our list, you can have it.
So it will make a big difference. The only thing is that right now, we did not know how to value it on a price to book because their book has a lot of Reliance shares in it. And should we treat it like cash because if it is like cash, then you
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