2.18 Teardowns | Airlift & Ola
The quick commerce company in Pakistan & South Africa and the largest ride-hailing company in India
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.
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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.
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