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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The AI startup’s $100 million ARR claim does not quite add up even as Dream11—forced out of real-money gaming—prepares to take its massive user base into stockbroking.
ARR, or annual recurring revenue, is the Indian startup ecosystem’s latest obsession. And it sits at the heart of the question: How did Emergent, a startup that helps customers build apps using AI, become one of the fastest companies ever to hit $100 million in ARR?
Below is the claim its co-founder, Mukund Jha, made in a post last month. It sparked widespread press coverage and triumphant applause from the venture capital industry:
Emergent is now at $100M ARR (run rate). We got here in 8 months. One of the fastest-ever to do it! That's not all...Today, we unlock the …
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
