So Zepto was the first, InCred becomes the second one. 2 unicorns this entire year 🙀
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/
Hmmm... so funding has started picking up again but many established unicorns are laying off at the same time.
2024 will be interesting !
Despite the funding winter environment, higher management woes and business model doubts they raised a colossal $200mn. Any inside beans to spill here?
