Tag Archives: valuation

Cabify raises $120 million at $320 million valuation

Commentary
In the highly competitive world of on-demand transportation, there is never a shortage of ride-haling startups trying to be the number one. In Spain, Cabify is considered as the country’s biggest player, operating in 14 different cities across Spain and Latin America. Today, the company announced it has raised $120 million from Rakuten and other investors. The round values the Uber competitor at around $320 million. According to the company, it plans to use the capital to expand into major cities like São Paulo, Rio de Janeiro and Buenos Aires, as well as other cities in Europe.

You can read about the funding here.

Didi Kuaidi’s projected valuation at more than $20 billion – February 25, 2016

Commentary

Didi Kuaidi is China’s leading ride-hailing app and UberChina’s fiercest competitor. Just like Uber, Didi Kuaidi is one of the world’s most valuable startups with a current valuation of $16 billion and an annual revenue estimate of around $200 million.

In a bid to challenge UberChina, Didi Kuaidi recently received at least $1 billion in investment commitments from various investors. Once completed, the fundraising round would value Didi at more than $20 billion. This round follows the company’s $3 billion fundraising last September.

You can read about Didi’s fundraising plans here.

Is Waze Worth $1 Billion?

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Is Waze Worth $1 Billion?

Mapping service Waze was acquired by Google for a reported $1.3 billion price tag this week. The Israeli firm crowdsources traffic data from its 50 million users, allowing it to provide real time reports on traffic flow, road blockages and the best routes. Its interactive design and functionality is superior to Apple’s mapping app. Waze’s success lies in its data accuracy, with information being created and edited in real time similar to Wikipedia.

The core reason the US Internet giant is purchasing the company for a whopping $1.3 billion, is for its growing social network. Aside being a navigation app, Waze is also a social network where people interact and exchange information. Waze’s data collection fits well within Google’s vision of mapping how we move in the real world, just as it’s mapped our movements on the web.