InCred becomes 2nd unicorn of 2023 after raising $60 Mn in a new round. At $1.03 Bn valuation.

So Zepto was the first, InCred becomes the second one. 2 unicorns this entire year 🙀

11mo ago

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ZippyNugget

Stealth11mo

This is one of the wierdest funding news I have seen. Of $60mn, as per entracker $36.7mn came from InCred Wealth and $5.3mn from InCred special opportunities fund. honestly, dont know if it passes the smell test.

https://entrackr.com/2023/12/exclusive-incred-turns-unicorn-after-raising-60-mn/

WobblyNoodle

InMobi11mo

Hmmm... so funding has started picking up again but many established unicorns are laying off at the same time.
2024 will be interesting !

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Zepto becomes a unicorn

Despite the funding winter environment, higher management woes and business model doubts they raised a colossal $200mn. Any inside beans to spill here?

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