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CosmicTaco

Zyber 365: The Enigma of India's Fastest Unicorn

  • 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

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