Veeva Continues to Soar

According to a Market Watch report published recently, the global cloud-based healthcare computing market is estimated to grow 20% annually over the next few years to $11 billion by 2022. Veeva (NYSE: VEEV) continues to ride high on this growth.

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Adobe Misses Earnings Outlook, But Revenues Continue to Outpace

Adobe (Nasdaq: ADBE) has been transforming its operations to stay in step with the industry’s trends. For the past few years, it has been shifting toward a subscription-based model from the traditional license-based model for its software. More recently, it has been making relevant acquisitions in the cloud. The recent results were stellar, but the earnings outlook failed to impress the market.

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Billion Dollar Unicorns: Ola at Crossroads

The constant strikes at both Ola and Uber following a cut in driver incentives have taken a toll on their growth. Ola and Uber together grew just 20% to 3.5 million rides per day in 2018 across all segments, including taxis, autorickshaws, and shared cabs. Compare this to 2016 when they collectively grew 90% to 1.9 million rides in 2016 and 57% to 2.8 million rides a day in 2017. Despite losses and slow growth, India’s largest ride-hailing service Ola Cabs recently raised $50 million that valued it at about $4.3 billion, making it the second most valuable Billion Dollar Unicorn in India.  >>>

Billion Dollar Unicorns: Lime Rides its way into the Club

The ride-sharing industry is going through an overhaul with the rapid emergence of bikes and scooters to address the demand for “micro-mobility”. According to CB Insights, more than 60% of US trips are made within the 0-5 mile distance. There is a growing demand for bike and cycle sharing services to solve the first and last-mile problem of providing rides from and to the transport hubs. It is this growing demand that has shot players like Lime into the Billion Dollar Unicorn club.

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Billion Dollar Unicorns: Bitmain Lists to Go Public

According to a Coherent Market Insights report published earlier this year, the global cryptocurrency mining market is estimated to grow at 30% CAGR from $610.91 million in 2016 to $38.38 billion by 2025. The market is dominated by China’s Billion Dollar Unicorn Bitmain, which recently filed to go public.

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Billion Dollar Unicorns: About You Becomes the First Unicorn from Hamburg

According to a recently published Fashion and Apparel Industry report, the global e-commerce-based apparel market is estimated to grow from $481 billion in the current year to $713 billion by the year 2022. Billion Dollar Unicorn About You is riding high on this growth rate.

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Billion Dollar Unicorns: Celonis Bootstrapped First, Raised Money Later

According to a Market Research Future report, the global big data analytics market is estimated to grow at 12% CAGR to $275 billion by 2023. German data analytics startup Celnois recently joined the Billion Dollar Unicorn club after bootstrapping for several years.

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Indian Music App Gaana Topping the Charts

According to the Ficci-EY media and entertainment industry report 2018, the Indian music industry was worth $179 million in 2017 and is expected to grow to $434 million by 2020. Digital channels accounted for around 65% of overall music sales. Gaana is a rising star in the Indian music streaming space. >>>