Manila-based Revolution Precrafted had what seemed like the trappings of a poster-boy startup – a charismatic founder, celebrity endorsements and the hallowed status of being the Philippines’ first unicorn.
But five years from inception, the company has yet to deliver on its promise of quick-to-build luxury homes in its home market, at least not at a rate that befits its towering valuation. Existing and external investors have also been hesitant to invest in the company during an unusually tiny fundraising round for what is supposed to be a billion-dollar business.
