According to a recent study, active Internet users in India have grown from 21 million in 2006 to over 243 million by June 2014. And the trend is catching faster within the mobile segment. India had an impressive 185 million active mobile device Internet users last year. The growth of Internet penetration is leading to
A Goldman Sachs study published last month estimates the global SaaS market to grow to $106 billion by next year, translating to a 15% growth over the year. Here is an interesting story of MuleSoft, an integration platform provider for multiple SaaS-based enterprise applications that is expected to join the Billion Dollar Unicorn club soon.
Till a few years ago, flash sales sites were the darlings of e-commerce. But soon, as the fad passed, so did their valuation. One of the recent sites to have fallen off the plank is Zulily (Nasdaq: ZU). The Billion Dollar Unicorn club member went public a little over a year ago in a rather
Twitter’s (NYSE: TWTR) stellar growth story may have faded a bit, but it is still a powerful platform. User growth metrics may not be spectacular, but they exceeded the market’s financial expectations. It appears that things are getting back on track, albeit rather slowly.
A Gartner report on Mobile Payment Transactions estimated the worldwide mobile payment transaction values to have grown 44% to $235.4 billion in 2013. Gartner expects the market to grow to $721 billion by 2017. The mobile payments processing market is dominated by a Billion Dollar Unicorn club member Square.
Another Billion Dollar Unicorn club company is GoDaddy, which has made its place in the Internet domain marketplace by focusing on small businesses, professionals, and individuals. The company is nearly as old as the Internet itself and has come a long way since, but financials remain dodgy, leaving the market unimpressed.
Continuing with our Billion Dollar Unicorn club analysis, here is the story of another interesting company. Chicago-based Cleversafe was founded in 2004 by MIT alumnus, engineer, and serial entrepreneur Chris Gladwin. The company is addressing the growing large scale enterprise storage market, which according to IDC is estimated to grow to $17 billion by the year 2015.
Search giant Google (NASDAQ: GOOG) appears to be struggling a bit. While they are still the leader in US search market by a long mile, the market share is gradually slipping. In the recent results by StatCounter, Google’s share of the US search market continued to drop. As of January 2015, Google accounted for 74.8%