Unicorn

Chinese e-commerce company Alibaba Group Holding Ltd (NYSE:BABA) has invested $71.4 million or 100 billion Korean won in the South Korean apparel brand Ably Corp. What Happened: Ably is now South Korea’s first unicorn of 2024, with the deal valuing the company at over $1 billion, as per a...

Fifth-generation level 1 blockchain network 5ire announced on Friday that it raised $100 million in Series A funding, with a valuation of $1.5 billion. 5ire, which claims to be the only sustainable blockchain unicorn in the world, said the funding has been received from UK-based...

India's largest cryptocurrency exchange CoinSwitch Kuber raised over $260 million at a valuation of $1.9 billion Wednesday. The Details: The funding round included Coinbase Ventures and Andreessen Horowitz and some existing investors like Paradigm, Ribbit Capital, Sequoia Capital...

Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014.  This round has pushed Shippo to unicorn status, now valued at $1 billion.  The company's previous...

Allbirds Inc, the San Francisco-based sustainable footwear and apparel brand, has been rumored to be heading towards an IPO. It now may be inching its way closer, if its recent job postings are any indication. What Happened: The company lately has been posting a notice that it is seeking an "...

Ibotta, the company behind the mobile shopping app that bears its name ("I bought a ... "), has reached unicorn status after confirming a Series D financing round at a roughly $1-billion valuation. What Happened The latest round of financing makes Ibotta one of the fastest-...

Ride-hailing company Uber Technologies Inc (NYSE: UBER) saw its shares trade on a public market for the first time Frida.  On top of opening for trade below its IPO price of $45, shares of Uber ended the day lower by more than 7 percent, with the selling momentum carrying over to Monday...

Pinterest, the social media platform that allows users to "pin" images or videos to their boards, is aiming for an initial public offering in 2019, according to The Wall Street Journal. What Happened Pinterest confidentially submitted paperwork with the Securities and Exchange Commission...

The business world is always evolving, but the terminology used to describe the latest technological developments and business innovations can sometimes make them seem much more confusing and complicated than they actually are. Here’s a list of 10 financial buzzwords that you have probably...