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Steadview Capital

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// PORTFOLIO INTELLIGENCE

// COMPANIES TRACKED

16

// PORTFOLIO VALUATION (TRACKED)

$53.6B

Combined current valuation of portfolio companies in WOWLS database — not fund AUM or capital deployed

// SECTORS COVERED

28

WOWL HIT RATE: 18.8%WOWL MISS RATE: 31.3%

// THREAT LEVEL DISTRIBUTION

  • ARMED
    5 · 31.3%
  • TERMINAL HYPE
    3 · 18.8%
  • DANGEROUS
    3 · 18.8%
  • BLOATED
    3 · 18.8%
  • ZOMBIECORN
    2 · 12.5%

Based on 16 enriched portfolio companies

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// 5 TIERS · PAYPAL SECURED

// NOTABLE INVESTMENTS

// PORTFOLIO COMPANIES

16 companies · $53.6B combined valuation

COMPANYSECTORVALUATIONROUNDYEARTHREAT
Dream11fantasy sports$8BSERIES_C2018DANGEROUS
Dream Sportsgaming$8BSERIES_B2015DANGEROUS
Ola Consumerecommerce$7.3BSERIES_B2014TERMINAL HYPE
CREDfinancial services$6.4BSERIES_D2021BLOATED
Upstoxbrokerage$3.4BSERIES_D2023ARMED
Unacademyedtech$3.4BSERIES_C2018TERMINAL HYPE
SpotOnpayments$3.15BSERIES_C2017BLOATED
BharatPefintech$2.8BSERIES_A2019ARMED
Infra.Marketbuilding materials$2.5BSERIES_D2022BLOATED
Quikrclassifieds$1.5BSERIES_E2014ZOMBIECORN
Chargebeesaas$1.4BSERIES_D2020ARMED
Innovaccerhealthtech$1.3BSERIES_D2021ARMED
Nykaabeauty$1.2BSERIES_D2020TERMINAL HYPE
CoinDCXblockchain$1.1BSERIES_C2021DANGEROUS
GlobalBeesbrand aggregation$1.1BSERIES_B2021ZOMBIECORN
Zenotisaas$1BVENTURE_ROUND2018ARMED

// RECENT ACTIVITY

// WOWL ASSESSMENT

India-focused crossover fund that bet large on consumer internet during the 2020-2021 frenzy — Dream Sports double-counted at $16B combined tells you the deal structure math. Portfolio is a catalog of India's most overvalued private companies: CRED burning to maintain relevance, Unacademy collapsing post-pandemic, BharatPe mired in founder drama. Zero exits, zero public companies, $53.5B in paper marked at bubble prices with no liquidity path.

18.8% hit rate with 31.3% misses and zero realizations is not a track record — it is a hope. Dream11 and Dream Sports are the same bet marked at $16B combined with no exit, CRED is a $6.4B marketing spend masquerading as fintech, Unacademy's $3.4B valuation died with Zoom school, and Quikr is a certified zombie. No public companies means no proof the paper is real.

// THREAT LEVEL: BLOATED

VERDICT: Steadview holds $53.5B in India consumer stories with zero proof any of it converts to cash — the fund that confused India's promise with actual returns.

// WHY WOWLS WATCHES

When the India IPO window closes before these unicorns can escape, Steadview's LPs learn the difference between marked-up private portfolios and realized gains. The reckoning comes when Dream Sports tries to go public and discovers the market does not honor 2021 fantasy valuations.

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// LOADING INTEL…

// INTELLIGENCE PENDING

// INTELLIGENCE DISCLAIMER: Fund assessments represent editorial opinion based on publicly available data. Portfolio coverage reflects companies tracked in the WOWLS database and may not represent complete investment history. Hit and miss rates are calculated from tracked portfolio companies only. Not financial or investment advice.

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