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!

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Teardowns from the past week

Retail

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

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

• Arrive – Marketplace for finding parking

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

• 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

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

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

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

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

Edtech & Staffing

• Incredible Health – Healthcare Recruitment Platform

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

• 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

• 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+.

• CoinSwitch – Crypto exchange in India

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

• 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, & 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)!

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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 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

Teardowns from last week

Retail

• Thrasio – A next-generation consumer goods company that was the fastest US business to reach unicorn status as a profitable company.

  • Founded: 2018. Funds Raised: $3.4B+.

• 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+.

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

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

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+.

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

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

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+.

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

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

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+.

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

  • Founded: 2015. Valuation: $5B.

Note: Blinkit, MPL, Teachmint, UpGrad, 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 weekly digest. You can toggle your preferences below if you’d like to switch to the daily digest.

Manage Subscription