Indian food delivery and restaurant aggregator
Zomato made a stellar market debut this week with its stock surging 65%, giving the startup a valuation of about $14 billion. The successful outing of the homegrown company is a milestone event for India’s entrepreneurial ecosystem as several others queue up to list. Berkshire Hathaway Inc-backed
Paytm, hospitality company
Ola, both backed by
SoftBank, are among other Indian startups set to test public market waters.
Zomato’s IPO outing shows that public markets can be more enthusiastic than private equity players in driving up valuations. Zomato’s close competitor
Swiggy was recently valued at less than two-fifths those levels, or $5.5 billion, after a $1.25-billion fundraising in the private markets.
Image Credits: Great Question
Customer research is invaluable for software companies, but there are many obstacles, like finding the right group of people to survey. Great Question wants to make building and talking to their own panels accessible to all companies, no matter their size. The startup, which was part of Y Combinator’s winter 2021 program, announced today that it has raised $2.5 million in seed funding.
Great Question launched in February 2021, and its clients include Linktree, Honeybook, O’Reilly Media and MainStreet. The platform has been used to interview customers about product ideas and strategy, find product-market fit, conduct usability studies on UX designs and see how well marketing landing pages perform. Great Question’s seed round came from investors including Funders Club, January Capital, Nomo VC and Twenty-Two Ventures. Angel investors like Warren Hogarth, co-founder of Empower Finance; Jon Williams, co-founder of Culture Amp and Pyn; Jason Smale, se
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