Suggestions
Parkal Suhas Kamath
CNBC YoungTurk | Yourstory TS Top30 | Entrepreneur
Parkal Suhas Kamath is an entrepreneur and investor with a diverse background in business development and technology. He is the Co-Founder of Golden Jasraj Music Platforms Pvt Ltd, a company in the music industry.2
Professional Experience
Kamath currently serves as an Investor and Managing Partner at Dilogy Solutions LLP, a position he has held since August 2017. In this role, he handles investments, international expansion, and business development for the company.2
Entrepreneurial Recognition
Parkal Suhas Kamath has gained recognition in the entrepreneurial world:
Personal Life and Advocacy
Kamath has been an advocate for epilepsy awareness. He has shared that his father is an epileptic patient, and he has been involved in advocacy efforts within his close circles to raise awareness about the condition.3
Networking and Collaborations
Kamath has a history of networking and collaborating with other professionals in the tech industry. For instance, he met Shefiq Abdulla, another entrepreneur, through a mutual friend about ten years ago. They collaborated on launching an app in Dubai that was similar to Urban Company.6
LinkedIn Presence
Parkal Suhas Kamath's LinkedIn username is indeed "parkalsuhas" as mentioned in the query. His profile can be found at linkedin.com/in/parkalsuhas, where he shares insights and updates about his professional journey and interests.12
Highlights
India - the land of delayed payments.
2022 has been a very good year overall. We bagged some good projects, almost tripling in turn over, applying for a couple of patents and now about to hive off one company to focus on a new vertical which is future focused. While we have been lucky with some key customers paying on time and sometimes even ahead of time for us to manage cash flows, 1/3rd of our turnover stays under "receivables"
Most companies can't manage this kind of credit. In a country like India where B2B businesses operate on wafer thin margins, 3-4 months of delay in paying for a completed product/service anyways kills any profit that you might have made. Now imagine that extending to 12+ months. Surprising that none of our international clients do this, there are delays but it's max 30-45 days. Indian clients can stretch your payments to years, break them into bits and pieces that you finally think of giving up on that and focusing on better avenues.
India would be able to create a lot more jobs and grow faster in terms of GDP if small businesses are not killed due to delayed payments. Hope 2023 makes it easier for small businesses to operate.
Happy new year to all of you.
None of the sharks investing in Recode is the best thing that could ever happen to Recode. Even those who don't follow Shark tank and/or are oblivious of the brands in this category now know Recode. Also, more people will try their products, they will get the underdog benefits and I won't be surprised if they surpass Sugar Cosmetics in the next 3-4 years.
Sugar is as far from profitability as the Sun is from the Earth, but who cares about profits these days anyways? Conventional businesses with down to earth founders who don't draw fancy salaries and don't speak fancy English rarely excite the investor community. I wish Recode the very best for the exciting journey ahead.
