The Story of Ravi's Cafe
Six parts. One complete investment story.
Every part is a standalone story. Read them in order and by the end you will understand how a business works, what financial statements mean, how an investor thinks, and why the final decision is never just a number.
A
The Background
How Ravi's Cafe came to exist — a man who spent his life in corporate India and decided it was time for something closer to home.
Read Part A →
B
Business Analysis
Three years in, the cafe is thriving. We look at the location, customers, suppliers, competition and ownership structure.
Read Part B →
C
Financial Statements
Three years of P&L, Balance Sheet and Cash Flow — showing how the numbers tell the real story of the business.
Read Part C →
D
Fraud Analysis
A regular customer wants to invest. Before committing money, he needs to know — is Ravi telling the truth?
Read Part D →
E
Intrinsic Valuation
Ravi names his price. The investor has no reference point — so he builds a valuation from future cash flows.
Read Part E →
F
Relative Pricing
The intrinsic value feels low. The investor checks how similar cafes are priced — then faces the final decision.
Read Part F →