Zyber 365: The Enigma of India's Fastest Unicorn

CosmicTaco · 2024-10-04T14:25:03.283591+05:30

- Zyber 365 Technologies claimed Unicorn status in July 2023, just a week after its incorporation in India. - The company announced a $100 million Series A funding round, pushing its valuation to $1.2 billion. - However, no financial reports have been filed since its inception, raising questions about its operations. - The funding was reportedly led by London-based SRAM & MRAM Group, which also announced a similar investment in SpiceJet's cargo division. - However, no actual funding has been received by SpiceJet, adding to the mystery surrounding Zyber 365. Source: [Business Today](https://www.businesstoday.in/latest/corporate/story/the-mystery-of-pearl-kapur-and-zyber-365-indias-fastest-unicorn-448661-2024-10-04)

Zyber 365 Technologies claimed Unicorn status in July 2023, just a week after its incorporation in India.
The company announced a $100 million Series A funding round, pushing its valuation to $1.2 billion.
However, no financial reports have been filed since its inception, raising questions about its operations.
The funding was reportedly led by London-based SRAM & MRAM Group, which also announced a similar investment in SpiceJet's cargo division.
However, no actual funding has been received by SpiceJet, adding to the mystery surrounding Zyber 365.

Source: Business Today