How is Apna tripling revenue? Is this for real?
Matilda Lee
Stealth
a year ago
3 main factors:
Laying off 50% of the staff.
Increase in interest rates as money raised is kept in US.
Depreciation of INR against the dollar.
P.S. - Revenue from sales is flat rather has declined.
Hard to believe they earned INR 125 Cr just from interest and forex appreciation. How much do they have in the bank?
See more comments
Jordon Carmden
Stealth
a year ago
Apna kaun?
Discover More
Curated from across
Indian Startups on
by Coy Olive
Series A Startup
Tiger Global invests in an Indian startup after long (I think first investment this year)
https://techcrunch.com/2023/05/22/tiger-global-india-infinite-uptime-funding/?
News Discussion on
by Matilda Vernon
Zepto
Zepto becomes India's 1st 2023 unicorn
The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the co...
https://m.economictimes.com/tech/funding/unicorn-drought-ends-as-zepto-raises-200-million-at-1-4-billion-valuation-from-stepstone-goodwater/articleshow/103053527.cms
