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)!

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