They have the right to spend and grow right now. They posted 98 Cr last year. Obviosly they can make it 500 cr in profit but that needs investment and they are making it. At least not burning VC money.
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Pritam Mondal
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Onecard - A unicorn with a valuation of 1.5 billion Usd Spend 1000 crore to make 500 crore revenue and they spend 60% of their operating revenue in ads.
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Last week, news broke that India's former Defence Secretary launched his VC fund, Mount Tech Growth Fund.
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Adithya Pappala
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#9TDAYVC-DAY-2
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SamCtrlPlusAltMan
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Have you ever heard of a British Apple, a French Tesla, or a Japanese Google? ❌ NO ❌
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