Nothing is now a unicorn and building ‘AI-native’ devices that are not phones

Nothing has officially entered the Unicorn Club, crossing the $1 billion valuation mark after announcing it had raised $200 million in Series C funding at a $1.3 billion valuation. Alongside existing investors, the round saw the entry of new backers, including Zerodha founder Nikhil Kamath and Qualcomm Ventures. Notably, Kamath is not the first Indian to invest in Nothing. Back in 2021, the company raised $50 million with contributions from Indians such as producer Karan Johar, cricketer Yuvraj Singh, and YouTuber Ranveer Allahbadia.