Teardowns Weekly Digest #1
The fastest company to reach unicorn status profitably
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:Â 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:Â 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:Â 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)!
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