Why did Graphy acquire the Avalon Scenes app? And at what valuation?

Avalon Scenes is a community platform run by Varun Mayya along with his founders. In the last few months the founders have been heavily doing podcasts and content creation.

Yesterday they announced that they sold the app to Graphy from Umacademy. What's the reason? What's the valuation they were sold? Any insight?

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FluffyMarshmallow
FluffyMarshmallow
Zepto23mo

They acquired the company for an amount that's lesser than most SPM salaries. They've done it to compete with Rigi, which is finding traction in creating community engagement for creators.

BouncyDonut
BouncyDonut
Swiggy23mo

GM wanted a new toy, his team found him.

FluffyMarshmallow
FluffyMarshmallow
Zepto23mo

They acquired the company for an amount that's lesser than most SPM salaries. They've done it to compete with Rigi, which is finding traction in creating community engagement for creators.

BubblyPenguin
BubblyPenguin

No idea about the reason or valuation.
But can you tell me why Avalon is not available on the play store?

I am a veteran. Was active when Scenes used to be Avalon Meta.

BubblyPenguin
BubblyPenguin

Ohh

BouncyMarshmallow
BouncyMarshmallow

Unacademy founders are angel investors in Avalon and they got it for free

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