by Deepak Shenoy, Capital Mind Olacabs has raised about $1.18 billion in total, in 7 rounds according to TechCrunch. Recently, it raised $500 million at a valuation of $5 billion. This provides the social media a large amount of content to get agitated about, saying goodness, how can a taxi company that doesn’t own any taxis be worth more than Rs 30,000 crore! But they aren’t exactly valued at that much. You just got conned by the headline. Some investor has 10% of the company and they paid $500 million. That’s where the facts stop. Then you extrapolate, saying oh, if his 10% is worth $500 million, the company should be worth 10 times that? Wrong. Because he’s not just an arbitrary investor. He has the power of those two words: Liquidation preference (LP). What is an LP? And Why Can’t They…
- PrivacyNama Session: Privacy and Competition; October 7 October 4, 2022
- PrivacyNama Session: Consumer Expectations of Privacy in Commerce and Advertising; October 6 October 4, 2022
- Why did VideoLAN send a legal notice to the Indian government? October 4, 2022
- PrivacyNama Session: Data Protection Regulator Roundtable; October 7 October 4, 2022
- Indian government issues advisory prohibiting surrogate ads by betting platforms October 4, 2022
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