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feels like a bubble - They just raised $1bn at $13bn valuation

Growth Manager

feels like a bubble - They just raised $1bn at $13bn valuation- Grapevine

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

Software Engineer

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This is major. $1Bn round, while getting a premium in valuation.

Investment Associate

- 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

Journalist

- OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital.
- The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans.
- Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round.
- The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI.
- Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition. 

 Source: [Financial Times](https://www.ft.com/content/dde0855e-4543-4d3a-8ff5-e6fb3c3ff305)

OpenAI aims to raise at least $5bn at $150bn valuation

Welcome to AGI Coming's Private Community

Black Forest Labs  is behind the image generation functionality for Grok. 
What's particularly intriguing is their rumoured funding round, potentially $100M at a $1B valuation. This is a jump from their previous $150M valuation. Unlike some of their peers who've stumbled after large fundraises, Black Forest Labs seems to be taking a more secretive approach. 

This strategy, coupled with their upcoming text-to-video tool, could position them as a significant player in the AI arms race.

Thoughts on Black Forest Labs raising $100M at a $1B valuation?

Program Manager

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero interest in consumer internet plays, and most models failing  
  
 There’s definitely something about the way they executed. And many good things are said within the ecosystem about Aadit as a founder!

Analyst

- Raise Financial Services, the parent company of trading app Dhan, is in early discussions to raise $100 million, potentially boosting its valuation to $1.5 billion and entering the unicorn club.
- Investment banking firm Avendus has been shortlisted to manage the fundraising, with new and existing investors expected to participate.
- The fresh funds will be used for business expansion, including new services like financing, payments, and insurance, to compete with rivals such as Groww, Zerodha, and Upstox.
- Dhan's founder, Pravin Jadhav, previously led Paytm Money but left on contentious terms; he has since taken jabs at his former employer on social media.
- Despite a competitive market, Dhan has seen significant growth, with a 330% year-over-year increase in its active client base, while competitors like Paytm Money have struggled. 

 Source: Moneycontrol

Unicorn Alert: Dhan in Talks to Raise $100 Million at $1.5 Billion Valuation

The deal makes the ChatGPT-maker one of the most valuable start-ups in the world. 

OpenAI value surges to $157bn in funding deal

Just in : OpenAI raises $6.6Bn at $157Bn valuation

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?

India's 1st Unicorn in 2024

Are we going back to good golden days of insane salaries. I am really curious on how was the valuation decided. On what basis? Did this platform earned a single penny yet.

What could they do to undo this downward spiral?

How long before Byjus runs out of funds?

Product Manager

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

Zepto becomes a unicorn

Business Development Manager

- 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

I guess the had the same tech valuations problem that WeWork and any non-tech businesses have had in the last couple of years.

Oyo raising a round at $2.5-3Bn valuation, major discount from peak valuation

Operations Manager

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.

Founder

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.

- Omnichannel jewelry startup **Giva** has raised **Rs 255 crore** in an extended Series B round.
- Early backers **A91 Partners** and **India Quotient** partially exited, realizing significant returns.
- Funds will be used to expand Giva's offline presence, which includes around **150 physical stores** nationwide.
- Giva's revenue grew by **96.4%** in FY23, reaching Rs 165 crore, while losses widened to Rs 45 crore.
- The company competes with brands like **Melorra, Bluestone, CaratLane**, and others.

Source: [Entrackr](https://entrackr.com/2024/10/giva-raises-rs-255-cr-a91-and-india-quotient-get-exit-worth-rs-166-cr/)

Giva Raises Rs 255 Cr in Extended Series B, A91 and India Quotient Partially Exit

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?

While I'm proud of these two revolutionising the quick commerce space, I somehow have a bad feeling about this

Profits aren't coming, money is flowing
Don't know what the VCs are seeking?
Why bake a a pie that you can't eat later?

feels like a bubble - They just raised $1bn at $13bn valuation

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