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.
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 billionCEO: 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
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
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 billionCEO: 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 billionCEO: 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. PINTERESTValuation: 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.
Source: Times of India TECH
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