SillyDonut
3rd Unicorn 🦄 of 2024
After krutrim, perfios, Porter is the 3rd startup which has turned unicorn 🦄
It has solved some problem for sure unlike krutrim
I remember, when I moved to blr...it was a life saviour.
Such startups deserve to be an unicorn 🦄
7mo ago
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SparklyWaffle
EY7mo
This is the best way to raise money. Ask friends and family for money at 1B valuation.
Now, when investors ask for down-round, you can say, "I dont want to do disservice to my existing investors."
SparklyWaffle
EY7mo
Funnily enough, 25Cr was sold to Friends and Family which means that an IPO can make them instant millionaires.
WigglyBanana
Stealth7mo
Haha @LazyReview I know friends and family round sounds that way. But they were at $700Mn valuation already, and probably have grown from that point. I know it's sus tho 👀
PrancingNugget
Slice7mo
Raised $3 million from friends and family at a valuation of $1 billion.
If not for the funding environment, they could have been a unicorn with a bigger VC funding.
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Indian Startups11mo
by DerpyTacoRazorpay
India's 1st Unicorn in 2024
Krutrim has become a unicorn after securing $50m in funding, making it the first Indian AI startup with a valuation of $1bn. It seems like an extremely overvalued company being built yet again. Thoughts?
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Are we going back to good golden days of insane salaries. I am really curious on how was the valuation decided. On wh...