China’s total consumption in the food ordering industry is estimated to grow from 450 billion yuan (~$70.6 billion) in 2013 to 700 billion yuan (~$109.9 billion) by 2016, at an annual growth rate of 16%. Back in 2013, food delivering accounted for nearly 10% of this market, which indicates that the food ordering and delivery industry will reach
According to an IBISWorld report, dating sites in the US are expected to earn $1.17 billion in 2015 with dating apps expected to bring in $628.8 million. In 2014, dating sites had generated $1.08 billion in revenues with dating apps accounting for $572 million in revenues. The market has seen significant consolidation in the online dating industry
According to a Gartner report, the Application Development market is projected to be worth $8.7 billion this year. An IDC report estimates the Collaborative Applications market to be worth $13.5 billion and the Project and Portfolio Management market to be worth $3.8 billion in 2015. Australian entry to the Billion Dollar Unicorn club Atlassian has established a
According to an ESPN research, non-betting, yearly-based fantasy sports users are a fast growing demographic, reporting a 25% annual growth rate since 2011. The Fantasy Sports Trade Association estimates that there are nearly 51.8 million fantasy sports players in the US and Canada in 2015. Another research firm Eilers Research estimates the daily games to generate
According to an IDC report, the worldwide enterprise storage systems market is projected to grow to $37.3 billion in 2015, growing 3.9% annually over the period 2010 through 2015. Needham, Massachusetts-headquartered Infinidat is a secretive little company in the sector which has suddenly shot into the Billion Dollar Unicorn Club.
I have constantly questioned the prudence in the venture funding of companies at unjustifiable valuations. I believe that some of these Billion Dollar Unicorn companies, when scrutinized through the stock market investor’s lenses, will see their valuations whittle down to more acceptable levels. Last week, mobile payment processing company Square filed their IPO and as
There is sudden interest in the online gaming industry’s stock market performance followed by the recent $5.9 billion acquisition of King.com by Activision earlier this week. It is a reasonable exit for a company that was valued at $7 billion when it went public in March last year compared with the massive erosion in value
There has been a surge of funding from VCs that has been driving the meteoric growth in valuation for car sharing firms including Uber and Lyft. I have my reservations on valuations of these companies. But then, there are companies like ride-sharing BlaBlaCar that have managed to enter the Billion Dollar Unicorn club while avoiding the