Jayant Mundhra (Biz News+)
January 24, 2025 at 01:20 PM
*I have received many messages ever since Hindustan Unilever acquired Minimalist for ~Rs 3k crore valuation.*
And Everstone Capital acquiring bootstrapped Wingify for $200mn yday has only brought in more such messages.
What messages? _“Why haven’t you covered these deals in the group?”_
..
*Well, here is the reason:*
I have nothing more to add to what’s already well-reported in public.
As impressive as these developments are for the Indian startup ecosystem, I don’t have any fresh perspective or value-adding insight to share beyond what is widely publicised in the media.
If my content doesn’t add to what my audience already knows, I would better spend my time on other things where I have value to offer.
..
*Rest, I do have one take for sure.* What’s that?
Well, some people get super busy dialling and pinging such founders when the news of their big exit becomes public.
*Who are these people?*
1> VCs, wealth managers and bankers who want to have a piece of the exit money handled by them
2> Startup founders looking for angel investors who try to pitch for a meeting in the guise of a congratulatory message
3> Podcasters and media people who now want to interview the founder
And this has been confirmed by Wingify’s founder Paras Chopra, whose $200mn exit became public yday 😅
..
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Best,
Jayant Shilanjan Mundhra
❤️
👍
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