Its all-in-one device is practical in size and simple to set up, and the service is very users friendly ( see video). Highfive is a new video conferencing provider that looks promising and could have a lot of potential to disrupt the likes of Cisco and Polycom. Existing investors Benchmark, Index, Greylock, Redpoint, Vulcan, Shasta and Workday also participated in the round. The new round of $155 million values Zuora just below $1 billion and was led by Wellington, Blackrock, Premji and Passport Capital. Box.net and Hubspot were among its earlier customers, while Honeywell, General Motors and NCR are more recent ones. In 2014, Zuora’s contract ticket growth was 43% and customer satisfaction rate increased from 95% to 96%. Founded in 2007 by Salesforce’s first Chief Marketing Officer Tien Tzuo, Zuora is now on a $100 million revenue run-rate and is a possible IPO candidate for the next 12-18 months. Zuora’s cloud-based software helps businesses set and and run their subscription service with customers. Source: Company reports and filings *GSV estimate (Disclosure: GSV owns shares in Twitter, Tencent, Facebook)įoster City-based Zuora is one of the leading private companies in the “Subscription Economy” space. (Disclosure: GSV owns shares in Lyft, Tencent) It certainly would make a lot of sense to see a Lyft-Viber integration, something that’s already existing in China with Didi Dache and Tencent’s WeChat. Viber has become the most popular VoiP calling apps and has replaced Skype from the top due to better functionality and better call quality. It last reported 608 million registered users back in July 2014, and that number was up 52% for the first seven months in 2014 alone. Viber is one of the largest and fastest growing communication apps, with well over 600 million total users worldwide. “It’s a natural combination between messaging apps and shared riding,” said Rakuten’s CEO Hiroshi Mikitani. The Japanese e-commerce giant is also looking to potentially integrate Lyft with its messaging app Viber, which it acquired for $900 million a year ago. Lead investor Rakuten paid $300 million for a 11.9% stake, valuing Lyft at $2.5 billion. With $530 million more in the bank, and $2.5 million coming from our own GSV Capital, ride sharing provider Lyft can now focus on expanding into new cities as well as to grow its Lyft Line product which lets passengers share rides with others going the same route, and which is price competitive with public transportation.
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