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Airbnb Seeks For $30 Billion Valuation in New Funding Round: Source

29Jun By reutersNo Comments

News

Airbnb Seeks For $30 Billion Valuation in New Funding Round: Source

Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on Tuesday. Airbnb intends to use the financing to support new investments and growth opportunities, the source added. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year that valued the company at $25.5 billion. The San Francisco-based startup, which operates in nearly 200 countries, also secured a $1 billion debt facility in June from some big U.S. banks to finance its expansion plans. The rise of Airbnb and other such startups have increased the pressure on the hotel bookings business of established travel companies such as Priceline Group Inc and Expedia Inc.

Airbnb Inc Secured $1 Billion Debt Facility From US Banks

17Jun By reutersNo Comments

FUNDING

Airbnb Inc Secured $1 Billion Debt Facility From US Banks

Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan, Citigroup Inc, Morgan Stanley and Bank of America Corp led the debt deal, the source said. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year. Bloomberg reported the funding deal earlier on Wednesday. Representatives at JPMorgan, Citigroup, Morgan Stanley and Bank of America were not immediately available for comment outside regular U.S. business hours. Priceline, Expedia and other travel companies have been facing increased pressure in their hotel bookings business from the rise of startups such as Airbnb.

The Top 10 Companies to Work for in 2016

9Dec By AdityaNo Comments

Story

The Top 10 Companies to Work for in 2016

If you are a business owner, providing perks for your employees is a great way to boost morale and increase productivity. Perks like health insurance (visit this website for more information) and paid sick days are vital to keep your employees happy. If you are a small business then you obviously can't provide massive perks like multi-billion dollar businesses are about to. Every year jobs and career site Glassdoor publishes the 10 best large companies to work for, as ranked by employees. Typically, it's not hard to predict who will make the list. Benefit-happy tech companies like Facebook, LinkedIn and Twitter are safe bets. Case in point: Last year, Google nabbed the top spot. This year, however, Google's place on the throne has been usurped by a dark horse candidate. In fact, in t...

How online startups like Quora, reddit and Airbnb acquire their first users

17Apr By NitishNo Comments

Story

How online startups like Quora, reddit and Airbnb acquire their first users

For online startups to gain user traction in any domain is a bumpy ride? There is no rocket science, but a perfect marketing strategy which sometimes works like Dropbox, which goes from 5000 to 75,000 users in one night using a video. Same like Dropbox today we are going to share insightful stories of online startups like Quora, Airbnb etc on "How they able to get such large numbers of users in such little amounts of time". Two online startups giants Quora and reddit solved the "empty site = no users / no users = empty site" problem in the same ways. The founders of both online startups spent the first months filling them with content themselves. On Quora, the founders simply answered and asked lots of questions under their own profiles. But the reddit approach wa...

12Apr By NitishNo Comments

INSPIRATIONAL

Inspirational story – “How these startup co-founders met former head of AirBnB India”

In childhood we read in Mahabharata (epics of ancient India) "How an ordinary boy Eklavya denied access to Drona's mentorship and how he made an image of Drona and took the image as his guru monitoring and inspiring him. Because of his restless efforts and dedication to get the attention of his Guru, he become an archer of exceptional prowess which at-last impressed Guru Drona." Same in today's digital era a digital Drona (Mohit - Former AirBnB India's Head) impressed by his two Eklavya (co-founders of stayuncle) to support and mentor there startup. As per the story Mohit was bit reluctant too but because of continuous efforts of blaze and his team, Mohit at-last impressed . Read How Blaze(co-founder of stayuncle) wrote this lifetime experience into story ( we added four points bel...