Billion Dollar Unicorns: Valuation for WeWork Continues to Soar

According to a report by Emergent Research, the global number of co-working members are projected to grow 41% annually over the next four years through 2020. Co-working company and Billion Dollar Unicorn club member WeWork is riding high on this growth and its valuation continues to skyrocket.

>>>

Who Will Buy India’s Leading Online Grocer BigBasket?

According to Technopak, the grocery and food market in India is estimated to be about $400 billion, out of which organized retail accounts for just $12 billion with online e-grocers garnering a 4% share. BigBasket is a leading online grocer trying to tap its potential. >>>

Billion Dollar Unicorns: Ele.me Consolidates Market, but Profits Elusive

Analysts estimate that the number of people in China who use online food ordering services will grow from 256 million people in 2016 to 346 million this year. Food delivery companies currently cover 1,300 cities in the country. Analysts estimate that the market will be worth 240 billion yuan (~$37 billion) next year. Billion Dollar Unicorn Ele.me is a leading player in this segment.

>>>

Billion Dollar Unicorns: AppDirect Cashes in on Cloud

According to Gartner, the worldwide public cloud services market is projected to grow 18% in 2017 to $246.8 billion, up from $209.2 billion in 2016, driven by 37% growth in cloud system infrastructure services and 20% growth in cloud application services. At the center of this growing market is Billion Dollar Unicorn AppDirect. >>>

Billion Dollar Unicorns: AvidXchange Eyeing IPO

According to a Business Insider report, the automation of B2B payments and accounts payable is continuing to grow. Many businesses still make more than half of their B2B payments by check and are now looking to increase their spending on electronic and card-based solutions. Billion Dollar Unicorn AvidXchange is helping businesses unlock this automation opportunity.

>>>

Adobe Moves Closer to Microsoft

Unsurprisingly, Adobe (NASDAQ: ADBE) continued to outpace market expectations. Adobe has had a strong run this year. Its stock has climbed more than 50% since the start of the year. But analysts suspect that it may be time for a slowdown. After the recent result announcement, the stock fell because its forecast was in line but not higher than market expectations.

>>>

2017 IPO Prospects: Switch Files to go Public

According to a report by TechNavio, the global data center market is projected to grow 11% annually over the next three year period. The growth is attributed to rising digitization and cloud computing among organizations, which is driving the need for higher computational power. Switch is a technology infrastructure company powering the sustainable growth of the connected world and the Internet of Everything.

>>>

India’s OYO Rooms Gets Heavy on Funding

According to a report by Transparency Market Research, the global market for hotels is projected to grow to $703 billion by 2021 from $534 billion in 2014 driven by the proliferation and surging popularity of budget hotels among the growing youth population. Cashing in on this trend is India’s hotel aggregator OYO Rooms. >>>