In short, they are using a third party library (they have not named it though) that accounts to 40% of the app launch time and they deferred loading of this library to later point!
I worked on a an app where the Facebook login library took 600ms to load, and was required to run on launch.
Edit: It's a framework from Salesforce called "ServiceCore". In case you were wondering it decided that it was necessary to request a list of all frameworks in a static constructor so it could find one that contains a certain class of theirs that does bundle-relative image loading. Pro tip, don't do this.
200 ms is insane for an SDK, any SDK. Our company had that as its target cold start time to first interaction across all of our apps and it's something we watched religiously as part of launching new app versions.