Friday, April 26

Tag: Dropbox

30Mar By PriyankaNo Comments
ACQUISITION

Dropbox to Acquire DocSend for $165 Million

SAN FRANCISCO, 03/30/2021-- Dropbox, Inc. (NASDAQ: DBX) to acquire DocSend, a secure document sharing, and analytics company with more than 17,000 customers for $165 Million. “Given the dramatic rise in remote work, there’s increased demand for digital tools that help people organize their content and seamlessly collaborate with each other,” said Dropbox Co-Founder and Chief Executive Officer, Drew Houston. “DocSend is a perfect complement to our product roadmap and we’re thrilled to welcome them to our team. By bringing Dropbox, HelloSign, and DocSend together, we’ll be able to offer a full suite of secure, self-serve products to help them manage critical document workflows from start to finish.” As work becomes more distributed, effective collaboration with external parties feels...
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Dropbox Dominates Share Market as Valuation Soared After IPO
26Mar By Sheldan RungasamyNo Comments
Market

Dropbox Dominates Share Market as Valuation Soared After IPO

Dropbox began its market debut extremely well as shares topped their marketed range in the biggest technology initial public offering (IPO) of the year. One share was valued at $28.48 when the market closed in New York on Friday, thus empowering the file sharing company with a market valuation worth $11.2 billion. They rose over 50% the amount initially asked in their IPO to as high as $31.60. Four years ago, in the company’s last private funding round, Dropbox was valued at $10 billion. The success of Dropbox on the market share could help resolve the one problem that has been restraining Silicon Valley companies from going public – their own heavy price tag. Dropbox first targeted a market valuation at $7.1 billion but the strong demand for the file sharing company’s shares ...
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Dropbox Drops Valuation by $2.5 Bn Ahead of IPO
14Mar By Sheldan RungasamyNo Comments
Market

Dropbox Drops Valuation by $2.5 Bn Ahead of IPO

Dropbox, the file storage company, set proposed terms for its initial public offering. The company’s IPO owns 36 million shares on offer, 5.4 million as underwriter green-shoe offering, a $16-$18 per-share price range, a maximum initial sale of $648 million and a fully-cocked $745.2 million bill including the green-shoe shares. This puts the valuation of the company at around $7.5 billion ahead of its initial public offering, hence making Dropbox the biggest tech IPOs in the last few years. However, this figure is lower than the $ 10 billion valuation set by the company in 2014 when raising private capital. This valuation will make the file storage company the largest U.S tech IPO since Snap Inc. made its stock debut in March 2017. The filings released by the company also revealed that ...
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Dropbox Goes For the IPO, Looking to Raise $500 Million
24Feb By NitishNo Comments
News

Dropbox Goes For the IPO, Looking to Raise $500 Million

San-Francisco based file storage startup Dropbox filed for the IPO at US Security exchange. The file sharing platform looking to raise $500 Million through this initial public offering. The company will list as a 'DBX' on Nasdaq. Dropbox known as a file, photo, video sharing platform. Where people can send the large data to others without any interruption. The cloud storage startup competing with tech giants like Google and Amazon. Dropbox 2017 revenue was $1.11 billion comparison to $844.8 million in 2016, total 31% jump. The losses has been less this year to $111.7 million in 2017 from $210.2 million in 2016.   The cloud storage platform have 11 Million paying users, in which 50% belong from outside US. Over 180 countries, Dropbox provides its services. From last ...
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Aditya Agarwal Promoted as a CTO of Dropbox
23Oct By NitishNo Comments
News

Aditya Agarwal Promoted as a CTO of Dropbox

Aditya Agarwal, Dropbox current VP of Engineering, will be taking on the role of CTO, the file sharing company said in a press release. In this new position, Aditya will lead Dropbox, a file hosting service, innovation efforts while continuing to manage our world-class product engineering team. Arash Ferdowsi, the co-founder of the company, who’s served as CTO to date, will continue to focus his day-to-day activities on helping Dropbox scale as a company and business. Aditya Agarwal has played an instrumental role in building products like Dropbox Business, Dropbox Enterprise, Dropbox Paper, and Dropbox Infinite. He’s also scaled our engineering team from 20 to hundreds of people across multiple locations. Aditya joined Dropbox through the acquisition of Cove, a company focused on build...
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Hike raises undisclosed funding from founders Of Quora, WordPress & other Silicon Valley veterans
12Jan By NitishNo Comments
FUNDING

Hike raises undisclosed funding from founders Of Quora, WordPress & other Silicon Valley veterans

NEW DELHI: Indian messenger app, Hike, has raised undisclosed funding from a number of tech veterans, including Quora founder, Dropbox's Vice President Engineering Aditya Agarwal, WordPress co-founder Matt Mullenweg and Ruchi Sanghvi, VP Dropbox. "It's great to have the world's top brains in tech share Hike's vision; and not just entrust us with their investment, but more importantly, also advise us on our product and strategy. Each of the them brings with him/her a core area of expertise, which we at Hike find immensely useful as we aggressively grow in India," Kavin Bharti Mittal, Founder and CEO, Hike Messenger, said in a statement. "India is close to our hearts and we understand the challenges faced by the billion plus people of India. It's quite clear that messaging is playing a key...
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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...
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