Shares of ByteDance Ltd., the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250 billion in the secondary market, according to people familiar with the matter. The Beijing-based company’s value has surged in recent weeks as investors gain confidence in the business and founder Zhang Yiming weighs options … Read more
Microsoft is said to be in exclusive talks to acquire online group chat platform Discord for $10 billion or more, in a deal that could be announced as soon as April. The company has yet to confirm a pending deal, but recent comments from executives help shed light on why exactly Microsoft might want to … Read more
The company, which automates mundane office tasks with robotic software, filed Securities Exchange Commission paperwork on Friday to sell stock on the New York Stock Exchange under the ticker symbol PATH. More than three-dozen investors – including Accel Partners, CapitalG (formerly Google Capital), Sequoia Capital, and Kleiner Perkins – have put nearly $2 billion into … Read more
Former Bessemer investor Sunil Nagaraj was in the middle of making a presentation when he started receiving a flood of messages. “I finished my presentation, glanced at my email, and I saw a bunch of congrats emails. My heart skipped a beat – I said, ‘Oh my God, what happened?” Nagaraj told Insider. “I looked … Read more
Microsoft Corp. chief executive officer Satya Nadella has highlighted the need to “foundationally transform” how cloud technologies can drive the next level of economic growth, as the world witnesses a second wave of digital transformation. “The true test of technology has always been whether organizations can improve their time to value, increase agility, and reduce … Read more
Demand for shopping savings app Fetch Rewards skyrocketed during the pandemic. That led to an $80 million fundraising haul last November, led by Iconiq Growth. Now, the company is in talks for another round that could more than double its old valuation. Visit the Business section of Insider for more stories. When Wes Schroll went … Read more
Infra.market, a construction materials focused online marketplace that sells mostly its own brands, is the latest to join the unicorn club in the country with the latest USD 100 million funding led by Tiger Global, valuing it at USD 1 billion. The Thane-based online marketplace founded in 2016 has reached the coveted unicorn status within … Read more
David Dobrik’s hot new app Dispo just hit a $200 million valuation with a Series A funding round. The app, which launched its beta version earlier this month, raised $20 million. Dispo recreates the experience of disposable cameras, requiring users to wait for their photos. Visit the Business section of Insider for more stories. The … Read more
There are a lot of concerns about the behaviour of big tech companies including American firms and India would like to protect its policy space and express its concern regarding these entities not willing to adhere to the law of the land, commerce and industry minister Piyush Goyal said on Wednesday. He said India is … Read more