BiryaniEnthu
BiryaniEnthu

Can someone explain Dil Food funding to me?

She got a higher valuation before, but accepted at lower valuation and gave more of the equity pie She was getting an up round, but chose to stick with previous round valuations

Why? What am I missing?

9mo ago
Kamlesh
Kamlesh

It's not necessary to always get more valuation at every round. That will make it difficult to raise the further up you go. Need to have a decent valuation that can be justified well all things considered.

BiryaniEnthu
BiryaniEnthu

@Rorschach They had offered at 100 cr, later kept at 75cr. Is this huge valuation gap? I think it was pretty justifiable considering she has been profitable from start

Kamlesh
Kamlesh

Not very sure tbh, sometimes they cut stuff out to keep it simpler for TV even when actual negotiations can take upto an hour or more. Maybe there was more context.

Plus it's not unusual to get funded at last round, have seen it happen in other shark tanks as well (us, aus).

PatraniMacchi
PatraniMacchi

She wanted the right shark I suppose.

BiryaniEnthu
BiryaniEnthu

All four had agreed at 2%, then Piyush said we could do previous round valuation and she agreed and gave 2.67%

I mean how and why

satan
satan

Ohh shark tank ki baat hori? Caveman here!

satan
satan

I didn’t understood any of it. I’m happy for you tho, or sorry this happened!

steppenwolf
steppenwolf

Vineeta trapped her. She wanted to have all of them at 75 cr valuation and once an investor knows that you want people more than money, they wont leave a chance to milk a few bps. As soon as vineeta got the sniff she asked for it.
Also she did not hesitate at all i guess in her subconscious mind she was ready to close any offer at 75 cr valuation.

SabChangaSi
SabChangaSi

She got trapped. Good investors don't go up and down on their committed valuation. They're clearly not great investors yet

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TastyTensor9
TastyTensor9Venture Capital13mo

Reliance pulls representatives from Dunzo’s board

Just read this after getting to know earlier today that one of the cofounders have resigned. Didnt even know that the cofounders never had a stake, they’d just get a salary. Super weird.

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user

Not the first nor the last. Haptik was probably one of the early ones that got arsenic poisoned post Jio acquisition...

stupidusername
stupidusernameStealth14mo

How does equity works for founding engineer?

I got a offer where i will get the equity. Does people really make money when company get sold considering in my case if i get 1% equity.

Also how does it work? Suppose when we start valuation of the company is 1 cr so my part will be 1...