DeeplyDone
DeeplyDone
Swiggy

Nestaway sells for $11Mn (earlier valued at $225Mn). What a sad erosion of value

https://techcrunch.com/2023/06/02/nestaway-aurum/?tpcc=tcplustwitter

techcrunch.com

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors.

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors.
17mo ago
MicahBell
MicahBell
Startup17mo

Lol. "The purpose of starting up is just about getting a massive exit (to founders and investors) or an IPO." What an exit, indeed.

EarthDragon
EarthDragon
Stealth17mo

Founders made exits in secondaries 🥲

RedLesson82
RedLesson82
Linkedin17mo

Wonder what happened here

potatomato
potatomato
Fintech Startup17mo

Or coupe be just extremely overvalued 🙃

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