INVESTMENT SUMMARY · OCTOBER 2026
Delper Group
Two trading platforms and an industrial security layer, wholly owned by GK Bharta from Year 1.
Seed round, buyback and ownership
USD 8.00M
Seed round by investors: USD 4.00M each into Track 1 and Track B, for 20% of each company.
USD 8.00M buyback, Year 1
GK Bharta pays the seed investors their principal and buys back their 40% interest, funded from palm oil income.
USD 4.00M for 60%
Radiant Synage's 60% interest is bought by GK in Year 1 for a lump sum of USD 4.00M.
GK Bharta: 100% of Delper Group from Year 1
Two trading engines: 40% of profit to GK, 60% reinvested
Track 1: B2B bulk trade
Singapore SPV. Take rate of 15.184% on premium commodities and 24.2% on consumer goods, over a 14-day settlement cycle.
Year 1 revenue USD 9.43M. Capital compounds at 26 turns a year from Year 2, with 60% of after-tax profit reinvested.
Track B: India retail
ONDC-integrated marketplace. 2% commission on each sale, USD 100 annual seller fee, buyers pay no separate fee.
Target of 7.5M orders and buyers and 15,000 certified sellers by Year 5.
Both tracks pay 40% of after-tax profit to GK each year and reinvest 60%. There is no GDP cap.
Palm oil income funds the Year 1 transactions
USD 15M
a year: 1,000,000 metric tons at USD 15 per ton, through irrevocable at-sight letters of credit.
Year 1 uses
USD 8.00M seed buyback and USD 4.00M Radiant purchase leave USD 3.00M of GK's Year 1 palm oil income, before the USD 1.88M Track 1 profit payout.
Malaysia is used only for palm oil purchasing
Delper Aegis: industrial security, 100% funded by GK
USD 1.90B launch, Year 7, advanced by GK and repaid by Aegis in Year 7
USD 531.5M silicon development and USD 1,367.5M hardware for 3,000,000 Delper Guard units.
Revenue from Year 7
USD 5.91B in Year 7, rising to USD 62.97B in Year 10 on a supply-limited case, which assumes field-engineer hiring is the constraint.
Needs about 350,000 FDEs at full scale, 24 hours a day, 7 days a week. The talent model supports 159,390.
Group revenue, Years 1 to 10 (USD)
Year
Track 1
Track B
Delper Aegis
Group total
Year 1
9.43M
Not material
-
9.43M
Year 2
31.66M
5.81M
-
37.47M
Year 5
756.31M
545.00M
-
1.30B
Year 7
6.27B
3.86B
5.91B
16.04B
Year 10
149.86B
72.67B
62.97B
285.50B
Revenue, not profit. Track 1 reaches USD 149.86B in Year 10. There is no GDP cap.
GK cash: positive every year, with no fresh investment needed
Years 1 to 6
Palm oil income of USD 15M a year funds the Year 1 buyback and Radiant purchase. GK receives 40% of Track 1 and Track B after-tax profit each year, and 60% is reinvested. Cumulative cash reaches USD 1.11B by Year 6.
Year 7
GK advances the USD 1.90B Aegis launch from its profit share, and Aegis repays it in Year 7. Cumulative cash reaches USD 3.52B.
Year 10
GK receives 40% of after-tax profit from all three businesses. Cumulative GK cash reaches USD 96.83B by Year 10.
All figures in USD. Net cash is before any distribution to other holders.
Evidence needed before commitment
- Palm oil volume of 1,000,000 metric tons a year, and the USD 15 per ton fee.
- Track 1 turnover of 26 a year on the 14-day cycle, and Year 10 GMV of USD 619B.
- Legal documents for the seed buyback and the Radiant share purchase.
- Signed agreements with Axis Bank, SGS and the other Track B partners.
- Aegis hiring of about 350,000 FDEs at full scale, and SL-4 certification in Years 7 to 8.
Projections, not audited results