🤯As of January 5, 2025, here are the updated valuations for some of India's top startups:
-- 🚀Byju's: Approximately $21 billion.
-- 🚀Flipkart: Valued at around $37.6 billion; acquired by Walmart.
--🚀Paytm: Approximately $16 billion.
--🚀Ola:
Lenskart IPO Also Coming Soon!
• Lenskart.com is also planning an IPO to raise between $750 million to $1 billion, with a valuation of $7-8 billion.
• In FY24, Lenskart generated ₹5,427 crores in revenue, a 23% increase from the last financial year
Share valuation just dropped by > 60%. From 5B to 2B. Goes to show that you can’t make money (yet) from tier 2 and tier 3 India even if you have a lot of users.
OpenAI's Massive Funding Round
OpenAI, the AI powerhouse, is making big moves:
• Raising $6.5B at a whopping $150B valuation 📈
• Nearly doubling previous $86B valuation
• Seeking $5B credit line from banks 🏦
Who's in?
• Thrive Capital leading
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