Startup Valuation at Crossroads Investors Push for $200 Million Slash as Founder Seeks Board Approval In a pivotal moment for the beleaguered startup, investors are advocating for a dramatic reduction in its valuation to approximately $200 million. This contentious proposal has thrown the company’s future into uncertainty, prompting the founder and CEO, Kabeer Biswas, to seek approval from the board, including influential stakeholders such as Reliance Retail and Google.
The clash over the startup’s valuation highlights the complex dynamics at play within the company’s leadership and its investor ecosystem. As the founder navigates this critical juncture, the decisions made in the boardroom could have far-reaching implications for the company’s trajectory and its relationships with its key investors.
Stay tuned as this high-stakes battle unfolds, revealing the fate of the startup and the ultimate decision on its valuation.
Last Updated on: Wednesday, October 4, 2023 7:40 am by Anu Priya | Published by: Anu Priya on Wednesday, October 4, 2023 7:40 am | News Categories: News, Business, GENERAL, Startups
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