DoorDash Fails to Become a Unicorn Under Tough Financial and Competitive Markets

The on-demand food delivery market has been in the news recently due to the entry of a new player – Uber in the form of UberEats. Today, when a consumer wants to order food, they have multiple options to choose from. They can either visit the restaurant’s site, or an aggregator like Seamless, GrubHub, or to a company like DoorDash, UberEats, and Caviar to get food delivered. UberEats comes with the might of Uber and that has caused smaller, but similar, service provider SpoonRocket to shut down its business. Meanwhile, competitor DoorDash is also facing trouble securing funds at expected Unicorn valuations.

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2016 IPO Prospects: IPO-Ready Cloudera Wants to Wait and Watch

Driven by businesses accelerating their transformation into data-driven companies, the Big Data technology and services market is expected by IDC to grow at a CAGR of 23.1% over the 2014-2019 period with annual spending reaching $48.6 billion in 2019. However, the Big Data market is maturing and the y-o-y growth is forecast to gradually slow. Cloudera has long been seen as one of the next hot IPOs. In recent times, shares of Big Data and cloud players like Tableau and Hortonworks have plummeted, and the market volatility has affected the IPO plans of Cloudera. >>>

2016 IPO Prospects: SecureWorks is Ready to List

According to a MarketsAndMarkets report, the global cyber security market is estimated to grow 9.8% annually over the next five years to be worth $170.2 billion by 2020. The market was estimated to be worth $106.32 billion in 2015. North America is expected to continue to be the largest market on the basis of spending while Latin American and Asia-Pacific regions will see the highest growth rates.

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Billion Dollar Unicorns: ForeScout Does Not Want To Go Public Yet

According to Gartner, the global spending on information security was estimated to grow 5% in 2015 to $75.4 billion. The increase in spending was driven by government initiatives, increased legislation, and high-profile data breaches. Campbell, California-based ForeScout Technologies is a rising star in the industry and a recent entrant to the Billion Dollar Unicorn Club.

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2016 IPO Prospects: Anaplan Getting Ready to Go Public

According to a report by Grand View Research, the global ERP software market is estimated to grow 7% annually over the next six years to $48.22 billion by the year 2022. The growth in the industry is estimated to be driven by implementation of ERP software in the medium enterprises and the development and implementation of cloud-based ERP software. Anaplan is a cloud-based planning and modeling company that is now looking to go public. >>>

Baidu Moving Beyond Search

According to IResearch, China’s on-demand economy is projected to grow to 7.2 trillion yuan (~ $1.1 trillion) by 2017. Users of Online-to-Offline services are estimated to rise 29% next year to 400 million. The size of the economy has prompted China’s biggest Internet players including Alibaba, Tencent, and Baidu to invest in the segment.

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Billion Dollar Unicorns: Udacity Leans on Industry Giants for Monetization

The rise of Massive Open Online Courses (MOOCs) has given rise to several startups like Coursera, EdX, and Udacity with a mission to provide high quality education to students anywhere in the world. However, MOOCs came with its own set of problems like low course completion rates and monetization. Udacity has come up with solutions to these problems and is one of the first MOOC startups to join the Billion Dollar Unicorn Club. >>>

Billion Dollar Unicorns: For Magic Leap, Unicorn Status No Longer Virtual

According to Digi-Capital, augmented reality devices are expected to deliver $90 billion in revenues by the year 2020. On the other hand, virtual reality headsets are expected to generate only $30 billion in revenues by 2020. Technology giants have already started investing in the market. Two years ago, Facebook acquired Oculus Rift, another virtual reality technology developer, for an estimated $2 billion. Microsoft recently released its augmented reality offering in the form of the HoloLens headset. Sony Corporation in Japan is developing Project Morpheus and HTC Corporation in Taiwan is working with Valve Corporation in the US to develop HTC Vive, another head-mounted display. Billion Dollar Unicorn Club member Magic Leap is also racing to its product release.

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Billion Dollar Unicorns: Uptake Joins the Club

According to the IDC, global organizations were expected to spend about $120 billion in 2015 to connect factory operations, building systems, and mobile equipment in the field to the Internet of Things. Gartner reports that in 2014, 278 million factory machines, construction vehicles, and other pieces of industrial equipment were connected to the Internet of Things. By 2020 Gartner expects 526 million pieces of manufacturing equipment to be connected. Billion Dollar Unicorn Club member Uptake is already growing based on this trend.

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Billion Dollar Unicorns: WePiao Succeeds in Online Ticketing in China

According to China’s State Administration of Press, Publication, Radio, Film and Television, the country’s box office revenues grew 48% last year to RMB40 billion (~US$6.2 billion). During the year, cinema goers increased by 48% as well to 1.14 billion. China is seeing a big push in online and mobile purchase of movie tickets. Reports suggest that in the first half of the year, nearly 70% of the movie ticket purchases were made online. Little wonder then that the industry is giving rise to members of the Billion Dollar Unicorn Club.

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