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Indian Startups
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DancingBanana
DancingBanana
Swiggy

Nestaway sells for $11Mn (earlier valued at $225Mn). What a sad erosion of value

https://techcrunch.com/2023/06/02/nestaway-aurum/?tpcc=tcplustwitter

techcrunch.com

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors.

PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup’s investors.
24mo ago
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PeppyUnicorn
PeppyUnicorn
Stealth24mo

Lol. "The purpose of starting up is just about getting a massive exit (to founders and investors) or an IPO." What an exit, indeed.

SleepyBanana
SleepyBanana
Stealth24mo

Founders made exits in secondaries 🥲

CosmicWalrus
CosmicWalrus
Linkedin24mo

Wonder what happened here

GoofyDonut
GoofyDonut
Stealth24mo

Or coupe be just extremely overvalued 🙃

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