In brief:
-It entered 2023 with over $40m in annualized run rate, up 250% year-over-year, according to CEO and founder Dileep Thazhmon.
-The fully remote, New York–based company is backed by investors such as Andreessen Horowitz (a16z), CRV and Tencent, among others, and recently raised an additional $25 million from an undisclosed sovereign wealth fund from the Middle East.
-Notably, the 182-person startup today still has over three years of runway left, Thazhmon said.
What does this mean?
“We were lucky to have raised at the right time. And we’ve also focused on just reducing burn — I think we’ve cut costs by almost 50% in the last five months,” he added. “Contribution profit is the big focus for this year. We want to get that positive in all the countries in which we operate and in all products that we have.”
