ss_croaker on Nostr: Furlenco had raised roughly $230 million (roughly 1,880 crore) including $140 million ...

Furlenco had raised roughly $230 million (roughly 1,880 crore) including $140 million in debt in 2021 (https://entrackr.com/2021/07/furlenco-raises-140-mn-in-series-d-led-by-zinnia-global-fund/)

In 2023, it is selling 35% for $37 million, valuing it at roughly $100 million (https://entrackr.com/2023/07/sleepwell-parent-acquires-kurlon-scoops-up-35-stake-in-furlenco/)

Low interest rates, ambitious growth projections ruined the startup funding ecosystem