@TepidFanny11 cybersecurity for cloud something like that

Software Engineer

Question: Is this a good outcome for peak XV? They have probably 10X their investment but doesn’t a large fund like Peak XV need unicorn level outcomes to return the fund?

Founder

Product Manager

Welcome to Indian Startups's Private Community

PingSafe was acquired for over $100Mn, while they raised only ~$3Mn in total funding. That's actually quite a crazy outcome!

Software Developer

PingSafe was acquired for over $100Mn, while they raised only ~$3Mn in total funding. That's actually quite a crazy outcome!- Grapevine

Welcome to News Discussion's Private Community

- Fei-Fei Li, known as the Godmother of AI, has secured $230 million for her startup, World Labs.
- The funding comes from major backers like Andreessen Horowitz, NEA, and Radical Ventures.
- World Labs is now valued at over $1 billion, with the capital raised in two rounds.
- The company aims to launch its first product in 2025, focusing on AI models for the 3D world.
- Potential customers include game companies and movie studios, according to Andreessen Horowitz. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/13/fei-fei-lis-world-labs-comes-out-of-stealth-with-230m-in-funding/)

Fei-Fei Li’s World Labs comes out of stealth with $230M in funding

Journalist

- Zepto raises $340 million in fresh round led by General Catalyst
- Total fundraise hits $1 billion in two months, valuation reaches $5 billion
- Company plans public market debut in 12-18 months
- Zepto's FY23 revenue jumps 1,335% YoY to Rs 2,024 crore
- Quick commerce market attracts government attention due to potential impact on small retailers 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/zepto-raises-1-billion-in-two-months-closes-340-million-round-led-by-general-catalyst-12810088.html)

Zepto Secures $1 Billion in Funding, Valuation Soars to $5 Billion

https://www.linkedin.com/posts/nishantmittaltt_yesterday-i-posted-an-analysis-on-apna-activity-7136198472654897153-hMwv?utm_source=share&utm_medium=member_ios

Damn. This is serious.

Founder of Apna lives in US, flies first class, has hired his best friends at huge salaries. More in the link below!

This represents the worst of the ecosystem
All of it happened during the peak bull market. Creating a blue collar marketplace made sense in the bull-bharat era. 

The rounds happened in a peculiar way too, most top investors didn't even get the chance to evaluate. It was all too quick. Tiger came in quick succession. 

Ultimately, we're now saying "The VC's were terrible negotiators & left him with 50% board seats so they cannot fire him". Well, of course. 

VCs created the hype. VCs face the brunt.

Investment Associate

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Customer Success

https://www.business-standard.com/companies/news/quick-commerce-firm-zepto-raises-665-mn-in-funding-valued-at-3-6-bn-124062100289_1.html

Zepto raised $665bn at $3.6bn valuation . Mind blowing execution

Unacademy’s FY23 Loss Falls 41% To INR 1,678 Cr, Posts INR 907 Cr Revenue

Unacademy’s Loss Falls 40% FY2023

- WhizHack has secured $3 Mn in its Pre-Series A funding round from SAAA Capital, valuing the startup at $100 Mn.
- The fresh capital will be used to enhance R&D through collaborations with universities in India and the US.
- The startup plans to raise a larger Series A round in early 2025 to expand into North America and Europe.
- WhizHack has seen over 200% annual growth in business from enterprise and government clients, and a 50X increase in shareholder value over the past three years.
- Founded in November 2020, WhizHack competes with Kratikal, Hicube, and Skylark, and counts IITs, NPTI, and Microsoft among its partners. 

 Source: Inc42

Cybersecurity Startup WhizHack Raises $3 Mn At $100 Mn Valuation

Welcome to Personal Finance's Private Community

Amid this layoff season phonepe show a good response from the investor and raised 350$ mil at a valuation of 12$ billion.

Phonpe raises 350$ mil

- M2P Fintech, an API infrastructure platform, is set to raise $80 million in a new funding round led by a new investor, with existing investors like Insight Partners likely to join.
- This funding round comes after two and a half years since the Chennai-based company last raised $56 million at a $650 million valuation.
- The new funds will be used to enhance tech infrastructure and accelerate growth in India and overseas markets.
- M2P Fintech's API enables businesses to offer branded financial services while ensuring regulatory compliance, operating in multiple countries including India, UAE, and Australia.
- The company, backed by Tiger Global, has acquired six companies to date and is expected to be valued at around $880 to $900 million post-money in the new round. 

 Source: Entrackr

M2P Fintech to Raise $80 Million at $900 Million Valuation

How do they even raised money at 1B Valuation

Krutrim AI is Wrapper on Open AI LLMs

This came out of nowhere. Poor investments? Executive troubles? Both?

Honestly the investing team lacked grit and commitment towards a founder or an investment. In late 2019 they finalised terms with us while an international investor was leading the round, they pulled out last minute because some random fuck company raised 2X the amount of our round from tier 1 vc. Now that company doesn’t exist anymore but I guess neither the fund…me too can never be an investment strategy but sadly this is pretty much how Indian vcs think. We’re still alive and growing 😁

Growth Manager

Analyst

OpenAI raises fund at 90 billion dollar valuation. Becomes 3rd most valued private startup after Byte dance and SpaceX

- Tencent sold 2.1% stake in PB Fintech for $200 million, reducing holdings to 2.1%
- PB Fintech shares rallied 4x since June 2023, hitting $10 billion market cap
- Tencent's exit follows Tiger Global and SoftBank's full exits from the Indian unicorn
- PB Fintech reported 52% YoY revenue growth and $7.2 million net profit in Q1 FY25
- Tencent's divestment part of trend of Chinese investors reducing Indian startup stakes 

 Source: [The Arc](https://thearcweb.com/article/chinas-tencent-sells-more-stake-as-policybazaar-hits-10bn-market-cap-S2E4gDOgnpnfBkqb)

Tencent Sells Stake in Policybazaar as Fintech Hits $10B Market Cap

- Omnichannel beauty platform **Purplle** closes Series F funding at **$180 million**.
- Round led by a subsidiary of the **Abu Dhabi Investment Authority** with significant contributions from existing investors.
- New investors like **Sharrp Ventures** also joined this round.
- Funding to support Purplle's mission to make beauty accessible to everyone, leveraging technology to enhance consumer discovery and purchase.
- Purplle operates with two models: a marketplace and its own brands, reaching over **10 million consumers** monthly.

Source: [Entrackr](https://entrackr.com/2024/10/purplle-closes-series-f-round-at-180-mn/)

Purplle Secures $180M in Series F Funding Round

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

What's your anti-startup

- OpenAI, the creator of ChatGPT, has raised $6.6 billion in a funding round led by Thrive Capital, increasing its valuation to $157 billion.
- The funding will be used to expand AI research, increase compute capacity, and develop tools to solve complex problems.
- OpenAI has reportedly spent around $7 billion on model training and $1.5 billion on staffing.
- The company's revenue is projected to reach $100 billion by 2029, but it faces stiff competition from other AI startups.
- OpenAI is considering a shift from nonprofit to for-profit governance to attract more investments.

Source: [Techcrunch](https://techcrunch.com/2024/10/02/openai-raises-6-6b-and-is-now-valued-at-157b/)

OpenAI Secures Record $6.6B Funding, Valuation Soars to $157B

Farmako raised $1.6M

Can anyone here tell me what exactly went wrong with Dunzo... I was working on a case study related to the same... Would certainly help me a lot

What went wrong with Dunzo?

I think in this bear market, to be able to raise like this, says something about how much investors believe in them & the model
https://thearcweb.com/article/zepto-quick-commerce-aadit-palicha-blinkit-swiggy-flipkart-if07YMNjRHiOjmFA

Zepto going from $1B to $3B valuation in just 8-9 months after last announcement.

Source: https://the-captable.com/2024/05/pocket-fm-series-middle-america-160-million-arr/

PingSafe was acquired for over $100Mn, while they raised only ~$3Mn in total funding. That's actually quite a crazy outcome!

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