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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.
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PeppyUnicorn
PeppyUnicorn
Stealth25mo

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
Stealth25mo

Founders made exits in secondaries 🥲

CosmicWalrus
CosmicWalrus
Linkedin25mo

Wonder what happened here

GoofyDonut
GoofyDonut
Stealth25mo

Or coupe be just extremely overvalued 🙃

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News Discussion
News Discussion25mo
by CosmicWalrusVC Analyst

NestAway's valuation

Valuation of 1800 crore, sold at 90 crore The cofounder also acknowledges they were overvalued and got sold for cheap due to investor pressure in this Morning Context article... Another startup that became victim of the funding winter Th...