๐คฏAs of January 5, 2025, here are the updated valuations for some of India's top startups:
-- ๐Byju's: Approximately $21 billion.
-- ๐Flipkart: Valued at around $37.6 billion; acquired by Walmart.
--๐Paytm: Approximately $16 billion.
--๐Ola:
Share valuation just dropped by > 60%. From 5B to 2B. Goes to show that you canโt make money (yet) from tier 2 and tier 3 India even if you have a lot of users.
Lenskart IPO Also Coming Soon!
โข Lenskart.com is also planning an IPO to raise between $750 million to $1 billion, with a valuation of $7-8 billion.
โข In FY24, Lenskart generated โน5,427 crores in revenue, a 23% increase from the last financial year
OpenAI's Massive Funding Round
OpenAI, the AI powerhouse, is making big moves:
โข Raising $6.5B at a whopping $150B valuation ๐
โข Nearly doubling previous $86B valuation
โข Seeking $5B credit line from banks ๐ฆ
Who's in?
โข Thrive Capital leading
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