Ghai: Nectar rejected a $15M pre-seed valuation to prevent down rounds
Kavita Guy · Disrupting the Classroom Model! Will This EdTech Startup Funding Round Hit $1.4M? · Apr 3, 2024 · at 27:23
Kavitta Ghai, founder of EdTech platform Nectar, explains her historical fundraising discipline to investors on The Pitch.
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“On the last pre-seed round, we got offered three million at 15, and we turned it down because we said it's twenty-twenty-one and This is crazy, the valuations people are getting, and I don't want to set myself up for a down round. So we said no, and we took the eight, and it was the best thing that I've done in this history of this company.”
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