Where should Startups Park Idle Funds?
Time and again you must’ve heard in 2022 (42 times to be precise), that a Startup raised funds north of a hundred million dollars. Of course all the news about mammoth valuations took the limelight, but did you ever wonder where these Startups park these fat cheques until they actually want to use them?
We handpicked 5 Unicorns which were flushed with accumulated funds of $2.19 Billion as at 31st March’22, and found out their strategy of dealing with idle funds. Here’s what it all boils down to:
This article is a part of the January'23 edition of our Startup Newsletter. Here's the complete publication: