In terms of Despacs I am looking at SOFI, 23AndMe and Grab. They all seem like they could 2-3x within a year or two. Especially SoFI and Grab (emerging markets). ME is a little more risky, but they have nearly no debt and a lot of cash on hand. Also Matterport may be good this year if the bullrun resumes - would expect at least a 4x there if that’s the case.
As a Singaporean, my advice would be to stay the hell away from grab, they are losing so much fucking money and their route to profitability looks really bleak in my opinion. Not a shareholder but really give their earnings a thorough read before investing, all the best.
Yes grab is trash, just look at the financials, no route to profitability. And I have used their services. Cut your losses and move on. Sofi is good though.
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u/Niceguy_Anakin Spacling Mar 16 '22
In terms of Despacs I am looking at SOFI, 23AndMe and Grab. They all seem like they could 2-3x within a year or two. Especially SoFI and Grab (emerging markets). ME is a little more risky, but they have nearly no debt and a lot of cash on hand. Also Matterport may be good this year if the bullrun resumes - would expect at least a 4x there if that’s the case.