The term “unicorn” refers to companies with billion-dollar valuations that are often young, disruptive, and potentially world-changing. Just a few years ago, unicorns were plentiful and represented an ideal scenario for a young tech startup. More recently, however, the unicorn isn’t so common anymore as the market has been cooling off on big valuations; venture… Continue reading As unicorns grow rarer, maybe it’s time to look towards revenue, not valuations
Tag: revenue
Ramp reports 4x revenue growth, says it still has ‘vast majority’ of equity funding
India based business-to-business (B2B) eCommerce firm Ramp has announced a fourfold revenue growth in the year 2020. The company also said that it has maintained its ‘vast majority’ of equity funding. Ramp is a B2B eCommerce startup that provides an end-to-end platform which helps traders and manufacturers in digitizing their business operations, from sourcing to… Continue reading Ramp reports 4x revenue growth, says it still has ‘vast majority’ of equity funding
Walmart-backed PhonePe’s
PhonePe, a digital payment platform backed by Walmart, is taking the Indian market by storm. Its nine-month 2022 revenue surged to a record-breaking $234 million, up from $96 million in the same period a year earlier. This represents a whopping 142% year-on-year growth and highlights the company’s remarkable success in the country. PhonePe was the… Continue reading Walmart-backed PhonePe’s