According to a 2016 report by Deloitte and the Confederation of Indian Industry, the B2B e-commerce market is expected to reach $700 billion by 2020 and is becoming a hot destination for venture capital. About $200 million was raised in 2017 for startups in the sector, up from $115 million in 2016 and $30 million in 2015. B2B e-commerce platform Udaan became one of the fastest startups to enter the Billion Dollar Unicorn Club after it recently raised $225 million. >>>
It has been a few years since IBM (Nasdaq: IBM) started talking about its turnaround strategy. Recently reported disappointing third quarter results have not pleased its investors. The market is losing patience, and the stock reported the biggest decline in the last four years, tumbling to early 2016 levels.
After a rather weak second quarter earlier this summer, Netflix (Nasdaq: NFLX) restored faith amongst investors by delivering stellar third quarter results. The stock market is pleased with the performance as its stock soared 17% in the after-hours trading session.
The rise of digital solutions has led to the creation of Digital Adoption Platforms (DAPs), which act as a guidance and navigation tool for organizations to help customers and employees understand next-generation digital tools. It helps drive adoption of digital solutions by improving individual performance on software applications. The platform was pioneered by San Francisco-based WalkMe, which recently entered the Billion Dollar Unicorn Club.
After a long wait, Billion Dollar Unicorn DocuSign (Nasdaq: DOCU), went public early this year. It recently announced its second quarter results that beat market expectations. But despite the upbeat outlook, its stock has taken a beating.
India’s digital payments market is expected to grow five times to reach $1 trillion by 2023. Following the acquisition of Flipkart, digital payment company Paytm has become the most valauble startup among Indian Billion Dollar Unicorns despite struggling with profitability. >>>
According to an Allied Market Research report, the global cloud-based payroll software market is estimated to grow 7% annually to $10.3 billion by 2023. San Francisco-based Gusto is a Billion Dollar Unicorn in the industry.
According to a recent Grand View Research report, the global on-demand transportation market is expected to grow 20% annually over the next few years to $290.3 billion by 2025. The high growth rate is attributed to continued penetration of smartphones and connected vehicles. While Uber remains the market leader in the industry, localized offerings in other regions are strongly gaining ground. Singapore-based Grab, also known as Grab Taxi, is one such Billion Dollar Unicorn in Southeast Asia.