Billion Dollar Unicorns: Nutanix Delivers a Strong Performance in the First Week of Listing

After a rather slow IPO schedule for the technology sector during the year, things appear to be looking up. Last week, hyperconverged storage provider Nutanix, finally went public. It had filed to go public in December last year, but the market conditions led to a delayed listing. It has only been a week since it

Read Full Article »

MercadoLibre is Unstoppable

According to InternetRetailer, overall Latin America web sales grew 15.5% in 2015 to $22.22 billion compared with the 22.1% growth recorded a year ago. The slowing down of the growth rate is attributed partially to the depressed macroeconomic conditions in Brazil, which accounts for 58% of the region’s web sales. Last year, the Brazilian economy

Read Full Article »

Billion Dollar Unicorns: Two Years Post the IPO, Globant Continues to Soar

According to IDC, the proportion of digital related consulting engagements are expected to grow from nearly 50% for the period 2013-2015 to 80% by the year 2019, driving the total market for Digital Strategy services to more than $97 billion globally by 2019. Billion Dollar Unicorn player Globant (NYSE:GLOB), the first Latin American Software Services company to list

Read Full Article »

Billion Dollar Unicorns: Blippar Bets on Its Visual Browser

According to a report by Digi-Capital, the augmented and virtual reality market is estimated to grow to $120 billion by the year 2020, compared with the forecast of less than $10 billion in 2016. In 2020, virtual reality (VR) is expected to account for $30 billion of the market while augmented reality (AR) will account for the remaining

Read Full Article »

Billion Dollar Unicorns: Didi Chuxing Monopolizing Chinese Ride-Sharing Market?

This year has seen Chinese ride-sharing firm Didi Chuxing expand its list of investors to include the likes of Apple, Foxconn, and even Uber, cranking up its valuation to $33.7 billion. It is now the third largest Billion Dollar Unicorn after Uber and Xiomi.

2016 IPO Prospects: Snap Snaps out of Chat Business to Justify Valuation

An eMarketer report on the global mobile phone messaging market expects the global user base for over-the-top messaging services to grow from 1.4 billion in 2015 to 2.19 billion by the year 2019. Another report by GlobalWebIndex reveals that Facebook Messenger is the most widely used mobile app followed by Facebook-owned WhatsApp. Together, the two

Read Full Article »

Zynga Launches Much Awaited CSR2, but Market Outlook Remains Weak

According to market reports, the mobile gaming industry was worth $34 billion in 2015. Within games, it is among the fastest growing segment. But despite the growth, gaming companies like Zynga are finding it difficult to deliver stellar results.

Billion Dollar Unicorns: Grab from Singapore is the Next Big One

There aren’t too many Billion Dollar Unicorn stories from South East Asia. But here is an interesting story of Grab, earlier known as GrabTaxi, that has successfully delivered an Uber-like offering in the region and now commands a multi-billion dollar valuation.