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  • Byju’s Founders Sued in US Over $533 Million Transfer

    The US-based financial arm of edtech giant Byju’s, called Byju’s Alpha, has filed a lawsuit against the company’s co-founders in an American court.

    Byju’s Alpha claims that Raveendran, Divya Gokulnath, and one former top executive, Anita Kishore, directed or allowed the transfer of over $533 million, the “Alpha Funds”, to be transferred to other, seemingly unrelated group entities. According to the complaint, the Alpha Funds were sent off without any recourse back to Byju’s. The complaint claims that over half a billion dollars went missing with the co-founders’ and Kishore’s knowledge or direction.

    Co-Founder Denies Accusations, Points to Conspiracy

    In response to the lawsuit, Raveendran strongly denied the claims, calling them baseless and part of a broader strategy by Glas Trust, the lender’s trustee, to take control of the edtech firm. He said the allegations are just another instance in what he calls a larger, ongoing campaign of misinformation by Glas, whom he accuses of acting unlawfully. 

    “This lawsuit is a part of Glas’ conspiracy to wrestle control of Byju’s through all possible nefarious means. It is nothing but another cog in the wheel of lies that Glas, the illegal representative of disqualified lenders in the US, has been rotating for a long time now,” Raveendran said.

    According to Raveendran, a court affidavit had already accounted for the full use of the loan funds, down to the last dollar, but this was allegedly ignored in favor of pushing litigation.

    Criminal Allegations Against Lenders Surface

    Raveendran, countering the accusations against him, raised serious allegations that could violate the U.S. Foreign Corrupt Practices Act (FCPA). He claimed that individuals associated with the lenders had engaged in bribing an Indian judicial official. Raveendran specifically named people from Redwood, HG Vora, and Glas in this accusation. If proven, these claims could lead to some severe international legal headaches for all the individuals and entities involved. Raveendran also noted that Glas is already facing a criminal investigation in India, which could make their role in all this even messier.

    Key Transfer Under Scrutiny

    This week, court filings were reviewed that pertain to the alleged diversion of funds that involve transferring a limited partnership interest worth over $540 million in Camshaft Capital Fund. The lawsuit claims that this transfer, done March 31, 2023, was made from the Alpha to a non-guarantor affiliate, Inspilearn, and that this was done without any compensation. The complaint portrays the action as simply the leadership team trying to pull off a “lawless scheme” since they’d just defaulted and were under pressure. Now that the case is in court, it seems there’s going to be even more visibility on just how precarious the edtech startup’s governance and finances are.

  • How IIT Madras Just Cracked AI’s Biggest Barrier with Kompact AI, No GPUs Needed

    In a major leap for India’s artificial intelligence (AI) ecosystem, IIT Madras has partnered with California-based deep tech startup Ziroh Labs and the IIT-M Pravartak Technologies Foundation to establish the Centre of AI Research (CoAIR). The highlight of this collaboration is the unveiling of Kompact AI, an AI platform that enables foundational models to run on everyday CPUs, removing the need for expensive GPUs.

    This development could change how AI is accessed and used across the country, especially by startups and small businesses that often lack access to costly GPU infrastructure.

    Kompact AI: Making Advanced AI Work Without Expensive Chips

    Kompact AI is a new platform built to run large AI models on everyday CPU-based machines. Developed by Ziroh Labs with support from IIT Madras, the system can handle complex models like Meta’s Llama 2, Alibaba’s Qwen2.5, and DeepSeek—without the need for costly GPUs. Instead, it works efficiently on standard processors like Intel Xeon, already used in many office laptops and desktops.

    Kompact AI aligns with India’s “AI for All” mission, aiming to make AI more accessible, cost-effective and scalable.

    In a recent live demo, Ziroh Labs showed Kompact AI in action on a regular laptop fitted with an Intel Xeon processor. The platform successfully ran queries on high-performing AI models, proving that powerful AI is now possible without specialised hardware.

    To date, 17 AI models have been optimised to run through Kompact AI. These include some of the most demanding language models available today. Ziroh Labs and IIT Madras jointly carried out performance and accuracy tests to ensure reliability. It has also been tested on popular chips from both Intel and AMD, confirming that it can operate across a wide range of systems already in use.

    Traditionally, models of this size required powerful GPUs, such as those offered by Nvidia, which often cost anywhere between INR 10 to INR 20 lakh. These chips are not only expensive but are also hard to source as they remain frequently out of stock due to global demand. For most startups in India, this made it difficult to work with cutting-edge AI.

    Kompact AI removes this barrier. It is designed to run offline and doesn’t depend on cloud infrastructure, making it a practical solution for regions with limited or unstable internet. For a country like India, with thousands of startups and many operating in Tier II and III cities, this could be a game-changer.

    By cutting hardware costs and simplifying AI access, Kompact AI may open the door for more innovation and real-world adoption of AI across sectors like education, healthcare, logistics, and governance. It shows that high-performance AI can be both accessible and affordable.

    A Step Towards Accessible and Inclusive AI

    The Centre of AI Research, jointly established by IIT Madras and Ziroh Labs, aims to make India a global hub for accessible AI. The goal is not just to develop cutting-edge technology but also to make sure that it reaches a wider base, including startups, students, and enterprises that cannot afford costly infrastructure.

    India has over 1.5 lakh startups, and a large number of them are building tech-based solutions but struggling to keep up due to infrastructure costs. With this new development, the playing field is starting to level out. It can surely support more AI-based innovation, enable research and development at universities, and create new opportunities for businesses in Tier 2 and Tier 3 cities.

    This initiative also strengthens India’s position in the global AI race. Instead of being dependent on costly imports and cloud subscriptions, Indian companies can build and deploy AI models locally, reducing costs and improving data privacy.

    A Big Step for India’s Tech Future

    This launch is indeed a big-time win for India’s technology and startup sectors. In a world where access to hardware limits who gets to innovate, Kompact AI removes the barrier.

    It shows a shift in how India is deciding to solve its own AI challenges, not by running after what is trendy but by focusing on cost-effective, scalable solutions that can work well in the Indian conditions.

    While global companies dominate the high-end AI race, platforms like Kompact AI open the doors for grassroots AI innovation. With IIT Madras and Ziroh Labs leading the way, this could mark the beginning of a strong new phase in India’s growth story.

    The big question now is: Will this spark a wider change in how India builds and uses AI? If anything, this signals that AI in India now seems to be within reach for many.

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  • BluSmart Postpones March Salaries Owing to Financial Difficulties

    According to various reports, BluSmart Mobility, an electric taxi-hailing firm that is currently experiencing financial difficulties, has postponed its March salary payments. Cofounder Anmol Singh Jaggi promised in an email to the staff that all outstanding debts will be paid by the end of April. Jaggi stated in an email that there will be a little delay in processing salaries because of present cash flow issues. The firm would like to reassure its employees, nonetheless, that all outstanding payments will be paid by the end of April. He said that the company will be releasing pay cheques in stages, beginning with the lowest pay grades and working up, to guarantee equity and consideration for those who might be more affected. BluSmart was established in 2019 by Jaggi and Punit K. Goyal and provides EV ride-hailing services as well as charging stations in Bengaluru and Delhi NCR. In January of this year, it extended its services to Mumbai and maintained a presence in Dubai.

    Alarming Bells: Deals Cancelled, Top-Level Executives Exit

    Refex Industries cancelled its agreement with Gensol Engineering to purchase 2,997 electric vehicles a few weeks ago. Gensol EV Lease Pvt Ltd, Gensol’s EV financing division, agreed in January to sell 2,997 EV vehicles—originally leased to BluSmart—to Refex Green Mobility Limited (RGML), a subsidiary of Refex. Before that, rumours circulated that Uber was in preliminary discussions to buy BluSmart, a claim the latter once more refuted. Additionally, it was stated that the startup’s activities in Dubai were shut down in mid-March, and its intentions to expand its services in Saudi Arabia were shelved. According to the reports, BluSmart had a top-level departure as of March of this year. Vice President Priya Chakravarthy, Chief Technology Officer Rishabh Sood, Chief Business Officer Tushar Garg, and Chief Executive Officer Anirudh Arun have all left. Former vice president Nandan Sharma will assume the role of chief executive officer.

    Furthermore, it was claimed that BluSmart had defaulted on INR 30 Cr of bonds in early February. Despite this, the company clarified that it is on track to establish a strong brand that is bolstered by strategic development, a greater emphasis on premium offerings, and an expanding user base.

    Financial Outlook of BluSmart

    So far, BluSmart has raised $180 million through a combination of loan and equity fundraising rounds since its founding. Investors including bp Ventures, Venture Catalysts, Green Frontier Capital, responAbility, and Deepika Padukone are among those who have contributed to these investments. Regarding financial performance, the business stated that its operational revenue increased by about 245% from INR 4.01 Cr in FY22 to INR 13.84 Cr in the year that ended on March 31, 2023. In the meantime, BluSmart reduced its loss to INR 14.89 Cr in FY23, which is over 58% less than the INR 35.37 Cr it lost the year before.

  • Pine Labs Receives Final NCLT Approval to Reverse Flip to India

    Fintech giant Pine Labs has now obtained the National Company Law Tribunal’s (NCLT) final approval to combine its Singaporean and Indian businesses, marking another step forward in its reverse flipping journey. Consequently, current shareholders of the Singaporean company will receive shares in Pine Labs. According to a corporate spokeswoman, the alignment supports the company’s long-term goal of providing value to stakeholders, partners, and customers while also aiming to improve operational efficiency. This occurs months after Pine Labs was given preliminary NCLT approval in August to move its headquarters from Singapore to India.

    Move is Aligned to Prepare for IPO

    Pine Labs’ intentions to change its domicile are consistent with its prospective $1 billion IPO aspirations. Additionally, it has already selected five bankers for its initial public offering (IPO), including Axis Capital, Morgan Stanley, Citigroup, JP Morgan, and Jefferies. The company appears to be far from reaching profitability, even though its initial public offering (IPO) is quickly approaching. Its net loss increased from INR 56 Cr in the prior fiscal year to INR 187 Cr in FY24. However, compared to INR 1,281 Cr in the prior fiscal year, its operational revenue in FY24 was INR 1,317 Cr. Pine Labs is making its second attempt to go public. Due to adverse market conditions, its initial aspirations to list on US markets were postponed.

    About Pine Labs

    Pine Labs, which was founded in 1998 by Lokvir Kapoor, Rajul Garg, and Tarun Upadhyay, provides complete payment solutions. The services of Pine Labs include online payment gateways and point-of-sale terminals. Currently, it has more than 5 lakh merchants in Southeast Asia, the Middle East, and India. The company’s sponsors include Temasek, PayPal, Mastercard, and Peak XV Partners. Among its rivals are Paytm, PhonePe, RazorPay, and others. After Paytm’s $2.5 billion listing in 2021, Pine Labs’ IPO will be the biggest by an Indian fintech business if it is successful.

    Due to a robust IPO market and a resurgence of investor interest in tech equities, a number of technology businesses intend to go public in 2025. Lenskart, an eyeglasses startup, has contacted investment banks to present for the mandate for its possible initial public offering (IPO), which may raise $1 billion. Groww, a stock broker, had selected five investment banks for a $1 billion initial public offering. In the near future, startups like SoftBank-backed OfBusiness, contract maker Zetwek, and financial unicorn Pine Labs hope to raise $1 billion through initial public offerings (IPOs). Up to 25 firms hope to debut on the public market in 2025.

  • To beat Trump Tariffs, Apple Airlifts 600 Tonnes of iPhones from India

    After increasing manufacturing in India to try to get around President Donald Trump’s tariffs, tech giant Apple hired cargo planes to transport 600 tonnes of iPhones—up to 1.5 million—to the US from India. As per a media report, the move’s specifics shed light on the American smartphone company’s change of plan. Apple has taken this step to increase its stock of iPhones in the US. Given Apple’s heavy reliance on imports from China, the primary location for iPhone manufacturing, which is subject to Trump’s maximum tariff rate of 125%, analysts have cautioned that the price of iPhones in the United States may rise. That amount is significantly more than the 26% duty on Indian imports, which is currently on hold after Trump announced a 90-day truce this week that does not apply to China. Apple “wanted to beat the tariff”, as reported by a media house. The corporation pushed Indian airport authorities to reduce the 30-hour customs clearance period at Chennai airport in Tamil Nadu’s southern region to six hours.

    Special Arrangements Made to Airlift iPhones

    Apple uses a similar approach at various Chinese airports, and the so-called “green corridor” structure at the airport in the manufacturing base in India was modelled after it. According to an Indian government official, since March, about six cargo jets with a capacity of 100 tonnes apiece have taken off, including one this week right before new tariffs went into effect. As reported in the media, an iPhone 14 and its charging connection weigh approximately 350 grams (12.35 oz) when wrapped. This suggests that, after deducting some packaging weight, the 600 tonnes of freight included roughly 1.5 million iPhones. According to Counterpoint Research, India now accounts for a fifth of all iPhone imports into the US, with China accounting for the remaining portion. Apple sells over 220 million iPhones annually worldwide.

    Foxconn Plant Operational of Sundays as Well

    Apple increased air shipments to India in order to reach its target of a 20% increase in regular production at iPhone factories. According to a media site, the company has increased staff in order to achieve this aim. Also, it has temporarily extended production operations at the largest Foxconn India facility on Sundays as well. Last year, the plant produced 20 million iPhones, including the most recent versions, the 15 and 16. Apple has set up India for a crucial role as it expands its production outside of China. Its two primary suppliers, Foxconn and Tata, currently operate three factories there, with two more under construction.

  • Wakefit Dreams Big with INR 1,500–2,000 Cr IPO, Picks Axis, IIFL & Nomura to Lead: Report

    Wakefit, a leading direct-to-consumer (D2C) home and sleep solutions brand, is planning to raise INR 1,500-2,000 crore ($200 million) through an initial public offering (IPO). While the company is expected to file draft papers for the IPO in the coming months, it has not yet finalised the timing of the listing.

    Wakefit, founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda and based in Bengaluru, is best known for its mattresses, furniture, and sleep-related products. The company has built a strong brand presence in India with its quality offerings, customer-friendly pricing, and online-first business model.

    Axis Capital, IIFL, and Nomura to Lead IPO Process

    As per a report by Moneycontrol, citing sources familiar with the matter, Wakefit has appointed Axis Capital, IIFL Capital Services, and Nomura as its lead bankers for the IPO. These firms will support Wakefit in preparing for the public listing, handling key processes like regulatory filings, valuation, and investor outreach. The company is expected to file its draft red herring prospectus (DRHP) with SEBI in the next few months.

    The IPO is likely to include a mix of fresh shares and an offer-for-sale (OFS) by existing investors. This will help Wakefit raise new capital for expansion while allowing early investors to partially exit.

    Backed by Peak XV and Other Major Investors

    Wakefit’s key investors include Peak XV Partners (formerly Sequoia Capital India &SEA), Verlinvest, Investcorp, and Susquehanna International Group (SIG). The brand has grown steadily over the years, offering a wide range of home products such as beds, sofas, wardrobes, study desks, and more.

    In FY24, Wakefit’s operating revenue increased to INR 986.4 crore as compared to INR 812.6 crore in FY23. The company has also opened offline experience centres across major cities like Bengaluru, Ahmedabad, Chennai, Delhi, and more to support its online operations and reach more customers.

    IPO to Boost Market Position and Expansion Plans

    With the IPO, Wakefit aims to strengthen its market position and support future growth in the D2C space. The funds raised may be used to expand product lines, open new stores, and invest in technology and logistics.

    The company’s move to go public reflects the rising interest in Indian D2C brands. Wakefit’s listing will be closely watched and may set the tone for other startups in the home and lifestyle segment.

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  • Debt-Ridden Good Glamm Group Sold MissMalini for INR 6 Crore

    The Good Glamm Group (GGG), with backing from Warburg Pincus, has sold MissMalini Entertainment, a network for managing influencers and media. According to various media reports, marketing firm Creativefuel has purchased the Mumbai-based MissMalini for INR 6 crore in what appears to be a distress sale. Additionally, Creativefuel has just purchased the Pataakha and Hasley India YouTube accounts. The media company’s five business divisions—the marketing and content platform MissMalini, the women’s community platform Girl Tribe by MissMalini, the talent and celebrity management division Ignite Edge, the creative agency Agent M Creative, and the production company MM Studios—were acquired by GGG in 2021. The GGG had reportedly spent around INR 70 crore to seal this deal.

    GGG Selling Other Businesses too

    The Good Glamm Group, a content-to-commerce venture, has also listed some of its other businesses for sale. Brands like GGG’s Organic Harvest and The Moms Co. are for sale at a time when the content-to-commerce company is struggling financially and trying to raise money to stay afloat. Sirona and other previously owned businesses have been sold back to their original owners. ScoopWhoop, another company owned by GGG, is also sold. In September 2021, the creators of online parenting business BabyChakra, digital media platform POPxo, and direct-to-consumer startup Myglamm joined forces to form The Good Glamm Group. ScoopWhoop, St. Botanica, and a number of other brands are among the dozen brands the group has since bought.

    GGG Navigating Through Troubled Water

    Prominent investors such as Amazon, Accel, Bessemer Venture Partners, Prosus Ventures, Warburg Pincus, and others have contributed around $400 million to the Good Glamm Group in just nine years. These investments were raised at a valuation of $1.26 billion. Despite the fact that the Good Glamm Group had planned to go public in FY25, the company has faced difficulties along the way. When Sukhleen Aneja, the CEO of the company’s main business, left in April of last year, 150 workers were let go. Later, Aneja worked for Nykaa, a business that rivals The Good Glamm Group. After a 15-month lag, the Good Glamm Group’s FY23 statistics revealed that its losses had increased to INR 917 crore, 153% more than the INR 363 crore it had spent in FY22. Due to several acquisitions the firm made, its operational revenue was INR 603 crore, 185% more than the INR 211 crore recorded in FY22.

  • In May, Microsoft Might Announce Further Layoffs as Part of its Restructuring

    A media outlet has revealed that Microsoft is considering laying off another group of employees as early as May in an effort to further streamline its organisational structure. The tech firm wants to increase the proportion of engineers to non-technical employees in project teams. Therefore, it is anticipated that the projected layoffs will target middle management positions. The change is in line with a similar initiative by Andy Jassy, the CEO of Amazon, who has supported a more lean organisational structure throughout the business. The report claims that Microsoft is looking into ways to give managers more “span of control”, which would allow them to supervise a greater number of workers. According to the report, a sizable percentage of employees may be impacted by the cuts, while the precise number of possible job losses is unknown.

    Layoffs Becoming a Latest Trend in Global Tech World

    The strategy of layoffs is consistent with a larger trend in the technology sector. Businesses like Google and Amazon have also been trying to improve team structures by increasing the proportion of supervisors to individual contributors. As part of a company-wide efficiency drive, Google CEO Sundar Pichai said in December that vice president and manager positions would be cut by 10%. According to reports, Microsoft is concentrating on lowering the “PM ratio”—the proportion of product or program managers to engineers—across all teams. This ratio, which measures the percentage of engineers to non-builders at Amazon, is called the “Builder Ratio”. According to reports, Charlie Bell, the security chief at Microsoft and a former high-ranking official at Amazon, is pursuing similar objectives within the company. The possible reorganisation would come after Microsoft announced that it had slashed almost 2,000 jobs earlier this year, citing the departure of underperforming workers as the reason. Employees who scored lower on the company’s “ManageRewards slider” performance rating system may also be the focus of the next round.

    AI Also Becoming a Larger Threat

    Proponents of leaner structures point out that the growing use of artificial intelligence (AI) at all stages of product development is also driving this trend. OpenAI CEO Sam Altman hinted that AI may eventually eliminate the need for software engineers entirely. Altman hinted that in future, smaller and more efficient teams may eventually replace bigger developer workforces. He stated, “Each software engineer will just do much, much more for a while.” Being one of the top tech businesses in the world, Microsoft’s organisational changes could be a hint of things to come for other tech companies trying to strike a balance between automation, innovation, and staff efficiency.

  • Xindus Bags $10 Million Series A Led by 3one4 Capital to Boost Global SME Expansion

    • Funding Details: $10 million raised in Series A round led by 3one4 Capital, co-led by Orios Venture Partners, with participation from Shastra VC and Caret Capital.
    • Growth Targets: Expand the customer base from 1,000 to 10,000 SMEs and drive the gross merchandise value (GMV) to USD 200 million within 12-18 months.
    • Global Reach: Strengthen operations in the India-USA corridor while expanding into the UK, Canada, Australia, Europe, and the Middle East.
    • Impact: Xindus’ full-stack platform reduces global trade complexity and costs by 20%, enabling Indian SMEs to scale internationally.

    Xindus, a Gurugram-based full-stack cross-border trade enablement startup empowering Indian SMEs to expand globally, has successfully closed $10 million in a Series A funding round. The round was led by 3one4 Capital, co-led by Orios Venture Partners, with participation from Shastra VC and Caret Capital.

    The capital will be utilized to scale Xindus’ operations significantly, aiming to onboard 10,000 customers over the next 18 months while driving GMV to USD 200 million. The company plans to strengthen its foothold in the India -US corridor while expanding market reach across key regions like the UK, Canada, Australia, Europe, and the Middle East.

    Founded in 2022 by Saurabh Goyal (CEO and co-founder), Madan Mohan (CTO and co-founder), Jaikaar Singh (EVP and co-founder), and Saptarshi Datta (EVP and co-founder), Xindus simplifies cross-border trade through XindusOne, an integrated platform for cross-border businesses. The platform empowers Indian SMEs looking to access global markets by streamlining order fulfillment, worldwide shipping, trade compliance, and seamless management of financial flows. 

    Commenting on the fundraise, Saurabh Goyal, Founder and CEO, Xindus, said, “This investment marks a pivotal milestone in our journey to empower Indian SMEs with the tools they need to thrive globally. Navigating across complex trade regulations, infrastructure, and technology gaps often hampers growth for many businesses; Xindus is here to change that narrative. With this funding, we’re committed to delivering scalable solutions that allow businesses to focus on selling and expanding across borders without worrying about operational hurdles.”

    Investor Statements:

    Quote from Anurag Ramdasan, Partner, 3one4 Capital: “Given the recent trends in global markets, India stands at a unique position to scale up its exports. We believe platforms like Xindus can fast-track India’s export growth, enabling manufacturers with the tools to streamline exports. We are very excited to support Saurabh as he builds India’s largest trade enablement platform.”

    Quote from Madhav Tandan, Senior Partner, Orios Ventures: “As India transitions into a trillion-dollar export economy, Xindus is poised to play a transformative role in enabling SMEs to compete on the global stage efficiently by providing a holistic, world-class yet cost-effective experience.”

    Driving Global Competitiveness for Indian SMEs

    Xindus has already demonstrated significant impact with over 1,000 SMEs supported, while delivering Industry first interventions like OneClickShip. Its flagship product suite—XindusOne—empowers businesses as an integrated Operating System for international shipping, management of local fulfillment centers, compliance with dynamic trade regulations, and seamless handling of financial flows.

    The platform integrates with over 200 global marketplaces, helping businesses reduce trade complexity and costs by up to 20% while enabling sellers to adapt quickly to evolving trade policies, such as updated tariff norms in major export markets like the US.

    By offering an end-to-end operational engine akin to global giants like Amazon and Alibaba but tailored for SMEs, Xindus ensures that smaller businesses can scale efficiently without being left behind in competitive international markets.

    About Xindus

    Founded in 2022, Xindus is on a mission to simplify cross-border trade for SMEs through its innovative full-stack platform. By integrating technology with logistics, finance, and compliance solutions, Xindus enables exporters to sell globally with ease. Services include marketplace integration, international fulfillment, global returns management, compliance navigation, and payment solutions—all designed for seamless international commerce. Headquartered in Gurugram, Xindus has empowered over 1,000 SMEs with faster growth and cost-efficient operations across borders.

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  • Nithin Kamath of Zerodha, Offers Investors Nuanced Guidance in Light of ‘Debilitating’ Circumstances

    In light of the increased volatility in the Indian stock market as a result of uncertainties surrounding international trade, Nithin Kamath, co-founder and CEO of Zerodha, has offered some nuanced guidance for D-Street investors. “It won’t be a bad idea” for investors to “take a break from trading and recharge,” according to Kamath. “You’re going to need it, based on what’s happening,” he stated. The head of the discount broking stated on the microblogging site “X” that there will only be four trading days in the next ten days due to the Indian stock market’s scheduled closures for the forthcoming festivals. Investors should therefore refrain from trading in “potentially crippling conditions” due to low trade volumes and worries about a worldwide recession. The leader of India Inc. asserts that in order to trade profitably, investors must keep an eye on both the market and their own emotional states. According to Kamath, “It’s best to stand aside and wait for the situation to change” when neither is favourable for trade. Kamath’s statements coincide with the growing international trade conflict brought on by US President Donald Trump’s tariff increases.

    Staying Out for More Profitable Trade in Future

    According to Kamath, investors can survive to trade another day when they are in the best possible frame of mind and the market is at its best. Currently, all they need to do is to avoid the markets. The majority of market analysts predict that volatility will persist until trade war worries fade and economic growth stabilises. “Now is a good time to heed this advice,” the CEO of Zerodha wrote in a post on “X”. There are just four trade days in the next ten days. Taking a break from trading to refuel is not a terrible idea. Based on the current situation, you will require it. According to Kamath’s post, in order to trade well, you must keep an eye on both your psychological and market moods. It’s advisable to take a back seat and wait for things to improve if one of them makes trading difficult. Don’t make the mistake of believing that you should trade despite these potentially crippling circumstances, he added. By avoiding the markets, you can live to trade another day when the market is at its best and you’re in the best possible frame of mind.

    Why to Avoid the Market Now?

    It is often necessary for even seasoned professionals to take a step back and reconsider their approaches. Recognise your limitations, take a break, and then, when you’re ready, enter the markets. On certain days, one feels worn out, depressed, or simply not in their best mood. Traders could find it difficult to keep the optimistic, unbiased attitude they require for trading during these periods. Because their psychological reserves are exhausted, they could behave impulsively or emotionally. According to seasoned pros, investors perform best when their previous approach begins to fail and they need to come up with a new one. They see the situation as a puzzle that they need to figure out. They observe the techniques closely while removing themselves from the market. They seek the reason why the strategy didn’t work and anticipate making adjustments till it does.