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Saturday 28 February 2015

7 Biggest Tech Startups in the World


There used to be a time when $1 billion valuation was considered a massive success for tech startups. Then it was $5 billion. But in recent months, there have been so many huge rounds raised that these numbers almost seem routine.


Here's a list encompassing some most successful "billion-dollars club Startups". Most of them are obviously from Information technology sector.

1. XIAOMI
Valuation: $46 billion
CEO: Jun Lei
Founded: 2010

Total funding: $1.4 billion

What it does: Xiaomi is one of the biggest Chinese electronics brands that makes smartphones. They're considered among the best Android smartphones, and the company has hardcore loyalists, a lot like Apple.


Notable investors: Digital Sky Technologies, HOPU Investment Management Company, DST Global, IDG Capital Partners, Qualcomm Ventures, Morningside Group.


2. UBER
Valuation: $41.2 billion
CEO: Travis Kalanik
Founded: 2009
Total funding: $5.9 billion


What it does: Uber's taxi-hailing app connects its users with drivers of private vehicles under Uber’s contact. It offers different types of cars, from full-size luxury cars to smaller vehicles.


Notable investors: Benchmark Capital, Menlo Ventures, Google Ventures, KPCB

3. SNAPCHAT

Valuation: Snapchat was valued at $10 billion in its last round in December, but is reportedly seeking a new round at a valuation between $16 million and $19 million.
CEO: Evan Spiegel
Founded: 2012
Total funding: $648 million

What it does: Its photo messaging app allows users to send photos and videos that get deleted after a set period of time.

Notable investors: Yahoo, Kleiner Perkins, Benchmark Capital, Lightspeed Venture Partners, Coatue Management, SV Angel


4. FLIPKART

CEO: Sachin Bansal
Founded: 2007

Total funding: $2.5 billion

What it does: Flipkart is an e-commerce site specializing in electronics and content like books and music.

Notable investors: Digital Sky Technologies, T Rowe Price, Morgan Stanley, Vulcan Capital, Tiger Global Management

5. SPACEX
Valuation: $12 billion

CEO: Elon Musk

Founded: 2002

Total funding: $1.2 billion

What it does: Space Exploration Technologies, or SpaceX, designs, builds, and launches vehicles for space exploration.

Notable investors: Founders Fund, Draper Fisher Jurvetson, Google.


6. PALANTIR
Valuation: $15 billion

CEO: Alexander Karp

Founded: 2004

Total funding: $1 billion

What it does: Palantir is a software and services company that specializes in data analysis. Some of its biggest clients are government agencies like the CIA and FBI.

Notable investors: Founders Fund, Tiger Global Management, Glynn Capital Management, Jeremy Stoppelman

7. PINTEREST
Valuation: The company was valued at $5 billion in its last round in May 2014, but is reportedly seeking a new round at a valuation of $11 billion.

CEO: Ben Silbermann
Founded: 2008
Total funding: $762.5 million
What it does: Pinterest allows users to share/store stuff online by “pinning” images and content.

Notable investors: Andreessen Horowitz, Bessemer Venture Partners, Rakuten.