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Parkal Suhas Kamath

CNBC YoungTurk | Yourstory TS Top30 | Entrepreneur

Parkal Kamath is an accomplished investor and managing partner with extensive experience in business development, international expansion, and payment solutions. With a background in information technology, Kamath has held various leadership positions such as Director of Technology Innovation at Sacom Mediaworks, Strategic Advisor at Lleida.net, and CEO at Magic Genie Services Limited. He is currently an investor and designated partner at Dilogy Solutions LLP, as well as a former investor and partner at Indusken. Additionally, Kamath co-founded Eye and Buy Retail Pvt Ltd, providing services that help small and medium-sized businesses in India expand their online presence through cataloging, multiple channel management, and supporting B2C and B2B operations. Overall, Kamath's professional background showcases his proficiency in OTT, payments, iOT, product launch, and business management.

Highlights

Jan 4 · linkedin

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.

Jan 4 · linkedin

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.

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Parkal Suhas Kamath
Parkal Suhas Kamath, photo 1
Parkal Suhas Kamath, photo 2
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Location

Bangalore Urban, Karnataka, India