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    • Fidelity Investments cuts SoftBank-backed Meesho's fair value by 10%

      Fidelity Investments cuts SoftBank-backed Meesho's fair value by 10%

      The markdown effectively values the social commerce startup at $4.4 billion.

    • Large number of Indian unicorns will become profitable in next 24 months: Sequoia's Rajan Anandan

      Large number of Indian unicorns will become profitable in next 24 months: Sequoia's Rajan Anandan

      High single-digit EBITDA will be required for startups planning initial public offerings, says Sequoia India Managing Director Rajan Anandan

    • Only six of India's 51 unicorns that have filed results were profitable in FY22

      Only six of India's 51 unicorns that have filed results were profitable in FY22

      OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22

    • New unicorns halve in 2022 as startup ecosystem faces funding winter

      New unicorns halve in 2022 as startup ecosystem faces funding winter

      Compared to last year's total of 542, only 244 new unicorns have been created globally so far in 2022, while only 23 new unicorns have been minted in India this year, compared to 44 in 2021.

    • Bits To Billions | Meet India's first husband-wife duo who have a unicorn each: Mohapatra & Kalra

      Bits To Billions | Meet India's first husband-wife duo who have a unicorn each: Mohapatra & Kalra

      Asish Mohapatra and Ruchi Kalra, alums of IIT and McKinsey, created history by becoming India's first husband and wife team to build their startups into unicorns - OfBusiness and Oxyzo. While Mohapatra is the CEO of OfBusiness, Kalra is the CEO of Oxyzo. What's more - Both their startups are profitable. But what do their startups do? How did they go from bits to billions? When will their companies go IPO? Watch them in conversation on Bits to Billions.

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