Digital Boom: Why Helios AMC Is Bullish On Platform Stocks

Dinshaw Irani, CEO of Helios Capital, discusses the "phenomenal returns" of the digital space over the last 15-20 months despite a broader quiet market. Speaking to Business Today, Irani highlights his early bet on 'Eternal' at around 50 rupees, noting it has "done a wonderful job" for the fund. He analyzes platform companies like Paytm and Cartrade, stating their exploration growth is what "excites even the foreigners" and differentiates India from developed markets. Irani predicts consolidation in the quick commerce industry similar to food delivery, warning, "I don't see many players remaining there because the burns are very huge." He emphasizes that with India's 350-400 million internet consumers, the sector is "just scratching the bottom of the barrel" and the potential is "humongous." He concludes that while competition exists, the industry typically evolves into a "winner takes all" or two-player market.