Is the ice melting? Some startups defy funding slump with successive rounds

livemint.com:

paths to profitability and product-market fit. Earlier this week, B2B fintech startup Perfios turned unicorn after raising $80 million from Teachers’ Venture Growth. The announcement came just six months after the company raised $229 million from Kedaara Capital in its Series D round in September.

Others, include dairy-tech startup Country Delight, D2C backpack startup Mokobara, logistics provider Xpressbees and InsuranceDekho. Country Delight, which closed its Series D round in April 2023, secured $20 million in Series E money in January. Country Delight's Series D round was raised at a valuation of $615 million, and at $819 million in the following round, according to media reports.

Similarly, InsuranceDekho, which raised one of the largest ever Series A funding in February 2023, secured $60 million in a Series B round in October at a higher valuation of $600 million, according to data sourced by Tracxn. The round was raised at a higher valuation of $600 million, as per media reports. "We have our eyes set on unit economics.

At the company level, we are profitable…this funding will allow us to accelerate our efforts, reach more customers, and innovate further," InsuranceDekho's chief Ankit Agrawal said in October. Manu Rikhye, partner, Merak Ventures, exprssed similar views: "Companies like Country Delight, Xpressbees, and Insurance Dekho are attracting investment because investors are now prioritizing more than just rapid growth. They are looking at fundamentals such as unit economics.