Airbnb receives USD500 million funding round

Today, home-rental Airbnb has received a rare funding that reached a hefty USD500 million from a funding round from investors led by TPG, Dragoneer Investment Group and T. Rowe Price along with other mutual funds.

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TPG Growth to invest $100M in joint venture with Smile Group to help businesses expand to India and Africa

New York, US-based investment firm TPG Growth committed $100 million in a joint venture with Gurgaon, India-based emerging business market builder Smile Group to help Internet and e-commerce firms expand to India, Africa, and other emerging markets.

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Airbnb’s Storefront receives additional USD7.3 million funding

Airbnb’s Storefront has received additional USD7.3 million funding led by Spark Capital, reported TechCrunch.

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Hospitality startup Airbnb widens service market to Los Angeles

Hospitality startup Airbnb has increased its service arm to Los Angeles through a partnership with Homejoy and Handybook, reported TechCrunch.

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Venture capitalists still betting on travel tech

Venture capitalists are putting their support on travel tech startups that seek to enhance the travel experience of consumers even with the popularity of travel booking platforms, TechCrunch reported.

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WyzAnt acquires dead New York rival Tutorspree

Chicago, Illinois-based tutoring marketplace WyzAnt acquired New York-based Tutorspree, a fellow marketplace competitor, that has been closed down since September 2013, for an undisclosed amount.

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Startup accelerator trend decreasing this year - report

After years of continued growth since the first modern accelerator began in 2005, the startup accelerator trend has slowed for the first time in 2013, according to a report from TechCrunch.

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Tech companies answer to trading season lull - report

Consumer web companies had been filling the IPO lull typically experienced during the holiday season, said Reuters.

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Airbnb co-founder confirms massive USD200 million round a year ago

Airbnb co-founder and CTO Nate Blecharczyk said the company was not interested in releasing financial information, including its USD200 million investment round held a year ago.

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