Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Razor Group – Acquirer of merchants selling on Amazon

  • Founded: 2020. Funds Raised: $550M+. Revenue: $400M+.

• CarDekho – Auto-marketplace in India for new and used car sales

  • Founded: 2008. Funds Raised: $490M+. Revenue: $100M+.

Recent Teardowns

• Crehana – EdTech platform in LatAm offering over 800 courses

  • Founded: 2015. Funds Raised: $95M. Users: 5M.

• Aleph – A holding company with a suite of marketing solutions for advertising on digital platforms in emerging markets

  • Founded: 2005. Funds Raised: $470M. Revenue: $150M+.

• Bolt – Offering digital merchants streamlined online checkout experiences

  • Founded: 2014. Funds Raised: $950M+. Valuation: $11B.

• Acko Insurance – One of India’s largest digitally-native insurers

  • Founded: 2016. Funds Raised: $450M+. Valuation: $1.1B.

• ShareChat – Indian social media network with over 180 million users

  • Founded: 2015. Funds Raised: $1.2B. Valuation: $3.7B.

• Apna.co – A professional networking platform leveraged by over 22 million users and 200k employers

  • Founded: 2019. Funds Raised: $193M. Valuation: $1.1B.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Crehana – EdTech platform in LatAm offering over 800 courses

  • Founded: 2015. Funds Raised: $95M. Users: 5M.

• Aleph – A holding company with a suite of marketing solutions for advertising on digital platforms in emerging markets

  • Founded: 2005. Funds Raised: $470M. Revenue: $150M+.

Teardowns from earlier this week

• Bolt – Offering digital merchants streamlined online checkout experiences

  • Founded: 2014. Funds Raised: $950M+. Valuation: $11B.

• Acko Insurance – One of India’s largest digitally-native insurers

  • Founded: 2016. Funds Raised: $450M+. Valuation: $1.1B.

• ShareChat – Indian social media network with over 180 million users

  • Founded: 2015. Funds Raised: $1.2B. Valuation: $3.7B.

• Apna.co – A professional networking platform leveraged by over 22 million users and 200k employers

  • Founded: 2019. Funds Raised: $193M. Valuation: $1.1B.

• Optoro – Offering a reverse logistics solution to brands and retailers in the U.S.

  • Founded: 2010. Funds Raised: $252.8M. Good Process: $100M+.

• Digit Insurance – One of India’s largest digital insurance brokers

  • Founded: 2016. Funds Raised: $500M+. Valuation: $3.5B.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Bolt – Offering digital merchants streamlined online checkout experiences

  • Founded: 2014. Funds Raised: $950M+. Valuation: $11B.

• Acko Insurance – One of India’s largest digitally-native insurers

  • Founded: 2016. Funds Raised: $450M+. Valuation: $1.1B.

Teardowns from earlier this week

• ShareChat – Indian social media network with over 180 million users

  • Founded: 2015. Funds Raised: $1.2B. Valuation: $3.7B.

• Apna.co – A professional networking platform leveraged by over 22 million users and 200k employers

  • Founded: 2019. Funds Raised: $193M. Valuation: $1.1B.

• Optoro – Offering a reverse logistics solution to brands and retailers in the U.S.

  • Founded: 2010. Funds Raised: $252.8M. Good Process: $100M+.

• Digit Insurance – One of India’s largest digital insurance brokers

  • Founded: 2016. Funds Raised: $500M+. Valuation: $3.5B.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• ShareChat – Indian social media network with over 180 million users

  • Founded: 2015. Funds Raised: $1.2B. Valuation: $3.7B.

• Apna.co – A professional networking platform leveraged by over 22 million users and 200k employers

  • Founded: 2019. Funds Raised: $193M. Valuation: $1.1B.

Teardowns from earlier this week

• Optoro – Offering a reverse logistics solution to brands and retailers in the U.S.

  • Founded: 2010. Funds Raised: $252.8M. Good Process: $100M+.

• Digit Insurance – One of India’s largest digital insurance brokers

  • Founded: 2016. Funds Raised: $500M+. Valuation: $3.5B.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Optoro – Offering a reverse logistics solution to brands and retailers in the U.S.

  • Founded: 2010. Funds Raised: $252.8M. Good Process: $100M+.

• Digit Insurance – One of India’s largest digital insurance brokers

  • Founded: 2016. Funds Raised: $500M+. Valuation: $3.5B.

Teardowns from last week

• Faire – Online wholesale marketplace connecting small retailers with suppliers from across the globe.

  • Founded: 2017. Valuation: $12B+. Suppliers: 40K+.

• BharatPe – Offering a suite of online & offline payments solutions to merchants in India.

  • Founded: 2018. Valuation: $2.85B. Revenue: $93M.

• Wave.tv – Building a sports media network on top of digital platforms like Instagram, Facebook, TikTok, Youtube, and more.

  • Founded: 2017. Funds Raised: $65M. Followers: 100M+.

• TopTal – Online talent marketplace for freelancers.

  • Founded: 2010. Funds Raised: $1.4M. Revenue: $200M+.

• Cider – Direct-to-consumer fashion brand that scaled to a unicorn in under 18 months

  • Founded: 2020. Funds Raised: $140M. Countries Served: 100+.

• Gupshup – Messaging API for businesses to build text-based conversational experiences across platforms.

  • Founded: 2004. Valuation: $1.4B. Revenue Run Rate: $150M.

• Jellysmack – Building a digital media company that powers its own content and those of other creators across digital platforms

  • Founded: 2016. Valuation: $1B+. Monthly Views: 10B+.

• Pilot – Bookkeeping, Tax, and CFO services for businesses

  • Founded: 2016. Funds Raised: $155M+. Valuation: $1.2B.

• Newstore – Providing a suite of omni-channel software for retail merchants. Started by the founder of DemandWare.

  • Founded: 2015. Funds Raised: $150M+. Countries Served: 40+.

• FirstCry – Indian eCommerce company focused on selling baby and kids products.

  • Founded: 2010. Valuation: ~$2B. Revenue (‘20): $120M.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Faire – Online wholesale marketplace connecting small retailers with suppliers from across the globe.

  • Founded: 2017. Valuation: $12B+. Suppliers: 40K+.

• BharatPe – Offering a suite of online & offline payments solutions to merchants in India.

  • Founded: 2018. Valuation: $2.85B. Revenue: $93M.

Teardowns from earlier this week

• Wave.tv – Building a sports media network on top of digital platforms like Instagram, Facebook, TikTok, Youtube, and more.

  • Founded: 2017. Funds Raised: $65M. Followers: 100M+.

• TopTal – Online talent marketplace for freelancers.

  • Founded: 2010. Funds Raised: $1.4M. Revenue: $200M+.

• Cider – Direct-to-consumer fashion brand that scaled to a unicorn in under 18 months

  • Founded: 2020. Funds Raised: $140M. Countries Served: 100+.

• Gupshup – Messaging API for businesses to build text-based conversational experiences across platforms.

  • Founded: 2004. Valuation: $1.4B. Revenue Run Rate: $150M.

• Jellysmack – Building a digital media company that powers its own content and those of other creators across digital platforms

  • Founded: 2016. Valuation: $1B+. Monthly Views: 10B+.

• Pilot – Bookkeeping, Tax, and CFO services for businesses

  • Founded: 2016. Funds Raised: $155M+. Valuation: $1.2B.

• Newstore – Providing a suite of omni-channel software for retail merchants. Started by the founder of DemandWare.

  • Founded: 2015. Funds Raised: $150M+. Countries Served: 40+.

• FirstCry – Indian eCommerce company focused on selling baby and kids products.

  • Founded: 2010. Valuation: ~$2B. Revenue (‘20): $120M.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Wave.tv – Building a sports media network on top of digital platforms like Instagram, Facebook, TikTok, Youtube, and more.

  • Founded: 2017. Funds Raised: $65M. Followers: 100M+.

• TopTal – Online talent marketplace for freelancers.

  • Founded: 2010. Funds Raised: $1.4M. Revenue: $200M+.

Teardowns from earlier this week

• Cider – Direct-to-consumer fashion brand that scaled to a unicorn in under 18 months

  • Founded: 2020. Funds Raised: $140M. Countries Served: 100+.

• Gupshup – Messaging API for businesses to build text-based conversational experiences across platforms.

  • Founded: 2004. Valuation: $1.4B. Revenue Run Rate: $150M.

• Jellysmack – Building a digital media company that powers its own content and those of other creators across digital platforms

  • Founded: 2016. Valuation: $1B+. Monthly Views: 10B+.

• Pilot – Bookkeeping, Tax, and CFO services for businesses

  • Founded: 2016. Funds Raised: $155M+. Valuation: $1.2B.

• Newstore – Providing a suite of omni-channel software for retail merchants. Started by the founder of DemandWare.

  • Founded: 2015. Funds Raised: $150M+. Countries Served: 40+.

• FirstCry – Indian eCommerce company focused on selling baby and kids products.

  • Founded: 2010. Valuation: ~$2B. Revenue (‘20): $120M.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Cider – Direct-to-consumer fashion brand that scaled to a unicorn in under 18 months

  • Founded: 2020. Funds Raised: $140M. Countries Served: 100+.

• Gupshup – Messaging API for businesses to build text-based conversational experiences across platforms.

  • Founded: 2004. Valuation: $1.4B. Revenue Run Rate: $150M.

Teardowns from earlier this week

• Jellysmack – Building a digital media company that powers its own content and those of other creators across digital platforms

  • Founded: 2016. Valuation: $1B+. Monthly Views: 10B+.

• Pilot – Bookkeeping, Tax, and CFO services for businesses

  • Founded: 2016. Funds Raised: $155M+. Valuation: $1.2B.

• Newstore – Providing a suite of omni-channel software for retail merchants. Started by the founder of DemandWare.

  • Founded: 2015. Funds Raised: $150M+. Countries Served: 40+.

• FirstCry – Indian eCommerce company focused on selling baby and kids products.

  • Founded: 2010. Valuation: ~$2B. Revenue (‘20): $120M.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Jellysmack – Building a digital media company that powers its own content and those of other creators across digital platforms

  • Founded: 2016. Valuation: $1B+. Monthly Views: 10B+.

• Pilot – Bookkeeping, Tax, and CFO services for businesses

  • Founded: 2016. Funds Raised: $155M+. Valuation: $1.2B.

Teardowns from earlier this week

• Newstore – Providing a suite of omni-channel software for retail merchants. Started by the founder of DemandWare.

  • Founded: 2015. Funds Raised: $150M+. Countries Served: 40+.

• FirstCry – Indian eCommerce company focused on selling baby and kids products.

  • Founded: 2010. Valuation: ~$2B. Revenue (‘20): $120M.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Newstore – Providing a suite of omni-channel software for retail merchants. Started by the founder of DemandWare.

  • Founded: 2015. Funds Raised: $150M+. Countries Served: 40+.

• FirstCry – Indian eCommerce company focused on selling baby and kids products.

  • Founded: 2010. Valuation: ~$2B. Revenue (‘20): $120M.

Recent Teardowns

• Getir – The quick-commerce company that has inspired dozens of clones across the globe

  • Founded: 2015. Funds Raised: $1B. Users: 3.5M+.

• Good Glamm Group – Building a direct-to-consumer beauty brand in India

  • Founded: 2016. Funds Raised: $280M+. Valuation: $1.2B.

• Moonbug – An entertainment company focused on distributing kid’s content on digital platforms

  • Founded: 2018. Funds Raised: $265M. Valuation: $3B.

• Urban Company – India’s largest home services platform

  • Founded: 2014. Funds Raised: $440M+. Valuation: $2.8B+.

• Pattern – Accelerating eCommerce brands across global marketplaces online. 3rd largest seller on Amazon.

  • Founded: 2013. Valuation: $2B+. 2020 Sales: $500M+.

• Bykea – Building a super app in Pakistan starting with a ride-hailing and courier app focused on motorbikes rather than car-based fleets

  • Founded: 2016. Funds Raised: $18M+. Driver Fleet: 30K+.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

As we hit 2 weeks of publishing these Teardowns, we’d love to get your feedback on how we can improve these going forward, what areas we should expand our coverage to, and more.

If you haven’t already, we’d greatly appreciate it if you could fill out the survey below. It should only take a few minutes. Thanks!

Feedback Form

Today’s Teardowns

• Getir – The quick-commerce company that has inspired dozens of clones across the globe

  • Founded: 2015. Funds Raised: $1B. Users: 3.5M+.

• Good Glamm Group – Building a direct-to-consumer beauty brand in India

  • Founded: 2016. Funds Raised: $280M+. Valuation: $1.2B.

Teardowns from earlier this week

• Moonbug – An entertainment company focused on distributing kid’s content on digital platforms

  • Founded: 2018. Funds Raised: $265M. Valuation: $3B.

• Urban Company – India’s largest home services platform

  • Founded: 2014. Funds Raised: $440M+. Valuation: $2.8B+.

• Pattern – Accelerating eCommerce brands across global marketplaces online. 3rd largest seller on Amazon.

  • Founded: 2013. Valuation: $2B+. 2020 Sales: $500M+.

• Bykea – Building a super app in Pakistan starting with a ride-hailing and courier app focused on motorbikes rather than car-based fleets

  • Founded: 2016. Funds Raised: $18M+. Driver Fleet: 30K+.

• Bustle Digital – Global Media holding company with 110 Million monthly visitors

  • Founded: 2013. Funds Raised: $80M. Audience: 110M+.

• Incredible Health – Healthcare Recruitment Platform

  • Founded: 2017. Funds Raised: $17M. Hospitals onboarded: 500+.

• Arrive – Marketplace for finding parking

  • Founded: 2006. Funds Raised: $61.1M+. Users: 40M+.

• CoinSwitch – Crypto exchange in India

  • Founded: 2017. Funds Raised: $300M+. Users: 10M+.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

As we hit 2 weeks of publishing these Teardowns, we’d love to get your feedback on how we can improve these going forward, what areas we should expand our coverage to, and more.

We’d greatly appreciate it if you could fill out the survey below. It should only take a few minutes. Thanks!

(Form link has been updated since yesterday since some people had an issue with accessing it)

Feedback Form

Today’s Teardowns

• Moonbug – An entertainment company focused on distributing kid’s content on digital platforms

  • Founded: 2018. Funds Raised: $265M. Valuation: $3B.

• Urban Company – India’s largest home services platform

  • Founded: 2014. Funds Raised: $440M+. Valuation: $2.8B+.

Teardowns from earlier this week

• Pattern – Accelerating eCommerce brands across global marketplaces online. 3rd largest seller on Amazon.

  • Founded: 2013. Valuation: $2B+. 2020 Sales: $500M+.

• Bykea – Building a super app in Pakistan starting with a ride-hailing and courier app focused on motorbikes rather than car-based fleets

  • Founded: 2016. Funds Raised: $18M+. Driver Fleet: 30K+.

• Bustle Digital – Global Media holding company with 110 Million monthly visitors

  • Founded: 2013. Funds Raised: $80M. Audience: 110M+.

• Incredible Health – Healthcare Recruitment Platform

  • Founded: 2017. Funds Raised: $17M. Hospitals onboarded: 500+.

• Arrive – Marketplace for finding parking

  • Founded: 2006. Funds Raised: $61.1M+. Users: 40M+.

• CoinSwitch – Crypto exchange in India

  • Founded: 2017. Funds Raised: $300M+. Users: 10M+.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

As we hit 2 weeks of publishing these Teardowns, we’d love to get your feedback on how we can improve these going forward, what areas we should expand our coverage to, and more.

We’d greatly appreciate if you could fill out the survey below. It should only take a few minutes. Thanks!

Feedback Form

Today’s Teardowns

• Pattern – Accelerating eCommerce brands across global marketplaces online. 3rd largest seller on Amazon.

  • Founded: 2013. Valuation: $2B+. 2020 Sales: $500M+.

• Bykea – Building a super app in Pakistan starting with a ride-hailing and courier app focused on motorbikes rather than car-based fleets

  • Founded: 2016. Funds Raised: $18M+. Driver Fleet: 30K+.

Teardowns from earlier this week

• Bustle Digital – Global Media holding company with 110 Million monthly visitors

  • Founded: 2013. Funds Raised: $80M. Audience: 110M+.

• Incredible Health – Healthcare Recruitment Platform

  • Founded: 2017. Funds Raised: $17M. Hospitals onboarded: 500+.

• Arrive – Marketplace for finding parking

  • Founded: 2006. Funds Raised: $61.1M+. Users: 40M+.

• CoinSwitch – Crypto exchange in India

  • Founded: 2017. Funds Raised: $300M+. Users: 10M+.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Bustle Digital – Global Media holding company with 110 Million monthly visitors

  • Founded: 2013. Funds Raised: $80M. Audience: 110M+.

• Incredible Health – Healthcare Recruitment Platform

  • Founded: 2017. Funds Raised: $17M. Hospitals onboarded: 500+.

Teardowns from earlier this week

• Arrive – Marketplace for finding parking

  • Founded: 2006. Funds Raised: $61.1M+. Users: 40M+.

• CoinSwitch – Crypto exchange in India

  • Founded: 2017. Funds Raised: $300M+. Users: 10M+.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

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Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from the cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Arrive – Marketplace for finding parking

  • Founded: 2006. Funds Raised: $61.1M+. Users: 40M+.

• CoinSwitch – Crypto exchange in India

  • Founded: 2017. Funds Raised: $300M+. Users: 10M+.

Teardowns from last week

Retail

• Fast – Streamlining the online checkout experience by enabling merchants to add 1-click checkouts

  • Founded: 2019. Funds Raised: $124M+.

• Mensa Brands – An acquirer of digital merchants that achieved a $1B+ valuation within 6 months of founding

  • Founded: 2021. Valuation: $1.25B. Funds Raised: $200m+.

• Airlift – Quick-commerce company in Pakistan

  • Founded: 2019. Funds Raised: $100m+. Revenue: $50m+.

Media & Entertainment

• Mythical Games – A studio building games that leverage blockchain technology and NFTs

  • Founded: 2018. Valuation: $1.25B. Funds Raised: $260m.

• Tastemade – A global media company producing content focused on the travel and food spaces

  • Founded: 2012. Funds Raised: $115M+. MAUs: 300M+.

Edtech & Staffing

• UpGrad – Providing industry-relevant higher ed programs in India. Scaled to a $210m+ revenue run rate

  • Founded: 2015. Valuation: $1.2B. Revenue: $210m+.

• Unacademy – One of the world’s largest edtech platforms with an emphasis on exam and university prep

  • Founded: 2011. Funds Raised: $830M+. Valuation: $3.4B+.

South Asia

• Ofbusiness – B2B marketplace in India assisting SMEs with procurement and financing

  • Founded: 2015. Valuation: $5B.

• Oyo – Providing a suite of tech tools that connect guests with homes and hotels globally

  • Founded: 2013. Valuation: $9.6B. Funds Raised: $3.7B.

• Ola – India’s largest ride-hailing company

  • Founded: 2010. Valuation: $7.3B. Customers: 10m+

Note: Mensa Brands, Airlift, Upgrad, & Unacademy from the other sections are also South Asian companies.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Airlift – Quick-commerce company in Pakistan

  • Founded: 2019. Funds Raised: $100m+. Revenue: $50m+.

• Ola – India’s largest ride-hailing company

  • Founded: 2010. Valuation: $7.3B. Customers: 10m+

Teardowns from earlier this week

• Tastemade – A global media company producing content focused on the travel and food spaces.

  • Founded: 2012. Funds Raised: $115M+. MAUs: 300M+.

• Unacademy – One of the world’s largest edtech platforms with an emphasis on exam and university prep.

  • Founded: 2011. Funds Raised: $830M+. Valuation: $3.4B+.

• Oyo – Providing a suite of tech tools that connect guests with homes and hotels globally.

  • Founded: 2013. Valuation: $9.6B. Funds Raised: $3.7B.

• Mensa Brands – An acquirer of digital merchants that achieved a $1B+ valuation within 6 months of founding.

  • Founded: 2021. Valuation: $1.25B. Funds Raised: $200m+.

• UpGrad – Providing industry-relevant higher ed programs in India. Scaled to a $210m+ revenue run rate.

  • Founded: 2015. Valuation: $1.2B. Revenue: $210m+.

• Mythical Games – A studio building games that leverage blockchain technology and NFTs.

  • Founded: 2018. Valuation: $1.25B. Funds Raised: $260m.

• Fast – Streamlining the online checkout experience by enabling merchants to add 1-click checkouts

  • Founded: 2019. Funds Raised: $124M+.

• Ofbusiness – B2B marketplace in India assisting SMEs with procurement and financing

  • Founded: 2015. Valuation: $5B.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns

• Tastemade – A global media company producing content focused on the travel and food spaces.

  • Founded: 2012. Funds Raised: $115M+. MAUs: 300M+.

• Unacademy – One of the world’s largest edtech platforms with an emphasis on exam and university prep.

  • Founded: 2011. Funds Raised: $830M+. Valuation: $3.4B+.

Teardowns from earlier this week

• Oyo – Providing a suite of tech tools that connect guests with homes and hotels globally.

  • Founded: 2013. Valuation: $9.6B. Funds Raised: $3.7B.

• Mensa Brands – An acquirer of digital merchants that achieved a $1B+ valuation within 6 months of founding.

  • Founded: 2021. Valuation: $1.25B. Funds Raised: $200m+.

• UpGrad – Providing industry-relevant higher ed programs in India. Scaled to a $210m+ revenue run rate.

  • Founded: 2015. Valuation: $1.2B. Revenue: $210m+.

• Mythical Games – A studio building games that leverage blockchain technology and NFTs.

  • Founded: 2018. Valuation: $1.25B. Funds Raised: $260m.

• Fast – Streamlining the online checkout experience by enabling merchants to add 1-click checkouts

  • Founded: 2019. Funds Raised: $124M+.

• Ofbusiness – B2B marketplace in India assisting SMEs with procurement and financing

  • Founded: 2015. Valuation: $5B.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns (2/15)

• UpGrad – Providing industry-relevant higher ed programs in India. Scaled to a $210m+ revenue run rate.

  • Founded: 2015. Valuation: $1.2B. Revenue: $210m+

• Mythical Games – A studio building games that leverage blockchain technology and NFTs.

  • Founded: 2018. Valuation: $1.25B. Funds Raised: $260m.

Teardowns from earlier this week

• Fast – Streamlining the online checkout experience by enabling merchants to add 1-click checkouts

  • Founded: 2019. Funds Raised: >$124M

• Ofbusiness – B2B marketplace in India assisting SMEs with procurement and financing

  • Founded: 2015. Valuation: $5B

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns (2/14)

• Fast – Streamlining the online checkout experience by enabling merchants to add 1-click checkouts

  • Founded: 2019. Funds Raised: >$124M

• Ofbusiness – B2B marketplace in India assisting SMEs with procurement and financing

  • Founded: 2015. Valuation: $5B

Teardowns from last week

Retail

• Accel Club – Amazon Business Acquirer based in Amsterdam. Accel Club has raised $170M in its first year.

  • Founded: 2021. Funds Raised: $170M

• Blinkit – 10 minute Instant Delivery Service in India

  • Founded: 2013. Valuation: $1B+. GMV Run Rate: $600M+.

• Vuori – Offering premium activewear for men & women inspired by coastal California lifestyle

  • Founded: 2015. Valuation: $4B+. Raised: $450M+.

Media & Entertainment

• Vox Media – The digital media publishing conglomerate valued at over $1B

  • Founded: 2011. Funds Raised: $300M+. Monthly Site Visitors: 100M+.

• Mobile Premier League (MPL) – India’s 2nd gaming unicorn reached a $2B+ valuation less than 3 years from inception

  • Founded: 2018, Valuation: $2.3B, GMV Run Rate: $1B+, Raised: $375M+

Edtech & Staffing

• Teachmint – Scaled to 10 million users and 1 million teachers in under 2 years

  • Founded: 2020, Raised: $110M+, Users: 10M+

• Byju’s – The $21B edtech company

  • Founded: 2011. Funds Raised: $300M+. Users: 80M+.

South Asia

• BlackBuck – India’s first logistics unicorn; digitizing operations of the trucking industry.

  • Founded: 2015. Funds Raised: $370M+. Valuation: $1.2B

• Pine Labs – India’s 3rd most valuable fintech company providing tools to SMBs to accept payments online and offline

  • Founded: 1998. Funds Raised: $1.3B+. Merchants: 140,000+.

• Mobile Premier League – India’s 2nd gaming unicorn reached a $2B+ valuation less than 3 years from inception

  • Founded: 2018, Valuation: $2.3B, GMV Run Rate: $1B+, Raised: $375M+

Note: Blinkit, MPL, Teachmint and Byju’s from the other sections are also South Asian companies.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription

Hi Everyone 👋,

Welcome to Teardowns. We’re excited to have you join us for this experiment as we dive into the fastest-growing companies across different industries and geographies.

As we kick-off, we’re going to be playing around with different formats for this newsletter to figure out what works best for sharing the latest teardowns. We’d love to get feedback from you on any ideas as you receive these – everything from cadence of the emails to how we package things.

You can reach me at any time by just replying to this email or messaging our team at team@sandhill.io. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.

Ali

Today’s Teardowns (2/11)

• Accel Club – Amazon Business Acquirer based in Amsterdam. Accel Club has raised $170M in its first year.

  • Founded: 2021. Funds Raised: $170M

• BlackBuck – India’s first logistics unicorn; digitizing operations of the trucking industry.

  • Founded: 2015. Funds Raised: $370M+. Valuation: $1.2B

Published earlier this week

• Teachmint – Scaled to 10 million users and 1 million teachers in under 2 years

  • Founded: 2020, Raised: $110M+, Over 10 Million Users

• Mobile Premier League – India’s 2nd gaming unicorn reached a $2B+ valuation less than 3 years from inception

  • Founded: 2018, Valuation: $2.3B, GMV Run Rate: $1B+, Raised: $375M+

• Blinkit – 10 minute Instant Delivery Service in India

  • Founded: 2013. Valuation: $1B+. GMV Run Rate: $600M+.

• Vuori – Offering premium activewear for men & women inspired by coastal California lifestyle

  • Founded: 2015. Valuation: $4B+. Raised: $450M+.

• Vox Media – The digital media publishing conglomerate valued at over $1B

  • Founded: 2011. Funds Raised: $300M+. Monthly Site Visitors: 100M+.

• Byju’s – The $21B edtech company

  • Founded: 2011. Funds Raised: $300M+. Users: 80M+.

• Thrasio – The fastest company to become a unicorn profitably

  • Founded: 2018. Funds Raised: $3B+. Brands Acquired: 150+.

• Pine Labs – India’s 3rd most valuable fintech company providing tools to SMBs to accept payments online and offline

  • Founded: 1998. Funds Raised: $1.3B+. Merchants: 140,000+.

Feedback or Suggestions?

These teardowns are very much an experiment in public beta. We’ll be modifying our templates and processes – please do share any feedback or suggestions through our typeform or via email (team@sandhill.io)!

Changing Email Preferences

You are currently subscribed to the daily digest. You can toggle your preferences below if you’d like to switch to the weekly digest.

Manage Subscription