I want to know if I should work towards getting VC funding

NoBroker began in a crowded yet large industry, to build a tech-based, brokerage-free real estate platform.

Like its competitors, finding profitability has been tough - while it has tripled its revenue each year, even in FY20 its losses were almost 3 times its revenue!

Yet, the company raised $210 million, last week, raising its valuation from $350 million (in April 2020) to $1 billion, becoming India’s first prop-tech unicorn.

VCs have still shown interest, likely due to the general positive funding climate, but also because of NoBroker's foray into gated society software, NoBrokerHood, that shows potential for various business models to be laid on top of it.

The plans to aggressively expand into 50 cities and to build its software platform are interesting moves, but this remains a tough & competitive space. So, only time will unfold its future outcome :)

On March 25th, Elon Musk polled his 80M followers asking them if they "believe Twitter rigorously adheres to the principle of free speech".

The results were resoundingly clear — 70% of the over 2M votes said "No".

The next day, Musk followed this up with another tweet almost hinting that he might consider buildd-ing a new Twitter-like platform. But, the entire narrative quickly took a 180!

In a span of just 10-days, Musk went from criticizing Twitter to becoming its largest shareholder. Naturally, this raised a lot of eyebrows, with some suggesting that the poll was likely a gimmick to drive down Twitter share values so Musk can get a better deal.

But, here's an important fact — Musk had actually bought these shares back on 14th March.

So, either he thinks Twitter makes for a good investment or he has big plans for the company. Now, we know Musk is not an "investor" type billionaire, so option one doesn't entirely makes sense.

As, for the option 2, Musk only owns a passive Twitter stake, which means he has no control over running the company. But, many analysts speculate that this might change very quickly.

Now, yesterday, Parag Agarwal announced that Elon Musk is appointed on Twitter's board so all the theories about what might change will possibly come true. But, only time will tell how things pan out!

PayTM is raising 18,300 crores at >INR 1 lakh crore valuation ⇒ Biggest ever IPO in India

Existing investors are selling shares to the tune of ~10,000 crores

PayTM is still loss-making and has been able to list in India due to SEBI allowing such companies to list in India

While it has shown strong top-line growth, it is in a highly competitive space which also faces uncertainties from regulators.