Top Indian startup news (5.01.2021):
- The first spot: Naval and Balaji's ClubHouse discussion. 😂 1000+ attendees, many TL;DR happened. Remote work, execution, discovery, & "I don’t invest to make money, I invest to satisfy my curiosities" https://twitter.com/harshamv/status/1346712246118825986 (1/3)
boAt has raised $100 mn from Warburg Pincus. It will focus on ramping local manufacturing-- imp considering China clashes. boAt closed FY20 with Rs 500 cr revenue. Crazy growth and market opportunity. No local competitor has yet been able to match its scale. (2/3)
Udaan has raised $280 mn to "achieve profitability" and expand its services! It was fastest unicorn in 2019. claims 3 mn+ users, 25,000+ sellers. no fy20 details yet, but fy19 it made around Rs 80 cr with a loss of Rs 779.5 cr. Interesting that funding is needed to be profitable.
Another interesting thread on Clubhouse session: https://twitter.com/athrvakhrbde/status/1346799233567846400
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