3.7 Teardowns | Optoro & Digit Insurance
The reverse logistics company that has raised $250M+ and the $3.5B digital insurance broker
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 firstname.lastname@example.org. Our hope is to build something we can all benefit from and so we’d love to involve as many collaborators as we can.
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 (email@example.com)!
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