KUBR

Insect protein maker Ÿnsect liquidated after €600m raised

Ÿnsect · Agrifood / insect protein

Unit economicsFunding shock

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Unit economics & burn

    Cost per tonne against substitutes would show no path to margin.

    Can mislead when: Cost allocation is a judgement call. Kubr shows its assumptions and lets the user change them.

    2

    Operating-metric verification

    Plant output would lag construction and sales plans.

    Can mislead when: Contract staff do not appear in EPFO. Vahan access needs licensed APIs. Some businesses have no physical trace.

    Where Kubr services would have helped

    Valuation context

    Offered in India
    • C9 Cost per tonne against substitutes would show no path to margin.

    Financial diligence

    Offered in India
    • C9 Cost per tonne against substitutes would show no path to margin.
    • C10 Plant output would lag construction and sales plans.

    Model check

    Offered in India
    • C9 Cost per tonne against substitutes would show no path to margin.
    • C10 Plant output would lag construction and sales plans.

    Portfolio monitor

    Offered in India
    • C10 Plant output would lag construction and sales plans.

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.