According to Inc42, of the 105 foodtech startups launched in India, only 58 were active in 2016. Once considered attractive by investors, the market is overcrowded, overfunded, and plagued by price wars as well as weak logistics and delivery infrastructure. Swiggy is a recent entry to this overfunded club. >>>
Earlier this quarter, Chinese news aggregating site Toutiao raised a whopping $1 billion for its expansion. The round valued the company at nearly twenty times the valuation that it had secured two years ago – making its position secure in the Billion Dollar Unicorn club.
Oracle (NYSE: ORCL) has finally achieved a major milestone in its transition to the cloud. Its cloud business revenue has finally overtaken its new software license revenue, which justifies its move to the cloud. >>>
Adobe (Nasdaq: ADBE) is one company that has successfully reinvented itself as a cloud-based service provider from a license-based software company. Each quarter, it keeps surprising the market with its stellar performance. Earlier this week, it reported its second quarter results, that helped send its stock to a lifetime high.
According to Gartner, the Configure Price Quote (CPQ) application suites market was worth $570 million in 2015, out of which cloud-based CPQ accounted for $157 million. The overall CPQ market is expected to grow 20% annually through the period 2020, driven by the growth in cloud-based solutions. San Mateo-based Apttus is a leading cloud-based service provider that is rumored to be preparing to go public.
According to Nasscom, India’s analytics industry is estimated to be around $2 billion and is expected to grow ten-fold to $20 billion by 2025. Billion Dollar Unicorn Mu Sigma is the first among the Indian Unicorns to deliver consistent profits over the years.
According to a MarketsandMarkets report, the enterprise collaboration market is estimated to grow from $3.65 billion in 2015 to $8.26 billion by 2020 at 17.7% annually. Enterprise collaboration tools market includes players such as Egnyte that has become so much more than the document sharing company it started as.
I have known serial entrepreneur René Lacerte for years. He started Cashview, which renamed itself to Bill.com, and has grown in leaps and bounds.