Amid reports of 10 percent employee layoffs and financial losses, Australian online retailer THE ICONIC has received $26 million in funding. The fashion site, a venture by German-born incubator Rocket Internet, lined its…
Coursera Scores $43M to Take Online Education Global
Coursera, the online education startup, has raised a $43 million round to further propel its burgeoning growth as it takes its platform international and multi-lingual. The Series B round was led by…
KakaoTalk Jumps Ahead of Facebook
KakaoTalk, a 3-year-and-change-old Korean messaging app, has eclipsed Facebook’s popularity in South Korea and Japan. The company leverages its simple, all-under-one-roof social media infrastructure and immersive, visual communication strategy––enhanced by digital content…
As Video Ad Market Spikes, YuMe Files for $65M IPO
Following rival video ad platform Tremor’s IPO last week, YuMe filed its S-I paperwork for a $65 million IPO. The company provides a digital video advertising platform that targets online video to…
Delivery Hero Scores $30M in Series D to Pocket a Profit
By Matt Gallagher, Red Herring Though many in the online food delivery space find themselves stuck in the rush hour of tech, Delivery Hero landed a decent funding round recently from the…
2-Year Old Snapchat Raises $60M at $800M Valuation
by Matt Gallagher, Red Herring Journalist Though their messages may self-destruct in 10 seconds, Snapchat’s potential at monetizing its massive user base that has eclipsed the likes of Instagram and Vine is…
Morgan Stanley Predicts YouTube to Be a $20B Business
Google keeps pretty mum on the subject of YouTube revenue, leaving it to analysts to guess what kind of take the service racks in. Analysts from Morgan Stanley recently took a crack…
Yahoo Acquires Tumblr for $1.1B, Promises “Not to Screw It Up”
Yahoo has acquired Tumblr, the popular blogging service, for $1.1 billion cash in one of the largest deals for a social networking company in years, even surpassing Facebook’s $1 billion acquisition for…
Rocket Internet’s Namshi Raises $13M for Middle Eastern Retail
Namshi, a product of Rocket Internet’s incubator program, recently raised a $13 million round to harness recent growth in its fashion ecommerce channels in the Middle East. Summit Partners led the investment.…
Baidu Acquires Online Video Platform PPS for $370M
Baidu, the largest search engine in China, has acquired PPStream, the Shanghai-based online video platform, for $370 million, the company confirmed this week following weeks of rumors on the deal. PPS will…