Startups Adapt to Liquidity Challenges Amid IPO Conversations

Startups Adapt to Liquidity Challenges Amid IPO Conversations
This week, several startups reported new funding rounds, shifting focus from unicorn status to achieving $1 billion in annual recurring revenue before considering IPOs. Vinted, a Lithuanian secondhand marketplace, was valued at €5 billion in a secondary share sale, while Ro's CEO sees benefits in remaining private. Wiz aims for a $1 billion ARR before going public after declining a $23 billion acquisition offer from Google. Indian fintech Groww is relocating to comply with local regulations. Federal regulators have also greenlit eVTOL aircraft to share airspace, benefiting related startups.