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India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. The $50 million raise includes new investors Shunwei Capital from China, DST Partners and RPS Ventures, as well as returning backers Sequoia India, SAIF Partners, Venture Highway and Y Combinator. Meesho has adjusted its focus, and today it operates as an enabler for people in India wanting to sell products using social media. Primarily the focus is WhatsApp, the world’s most popular messaging app which counts India as its largest market with over 200 million monthly users. (Fonte: TechCrunch)
Pandora beats in Q3 with $417.6M in revenue, fast-growing subscription business
Streaming music service Pandora released its third quarter earnings today – the first since the news of its impending acquisition by SiriusXM, announced in September. The company reported a quickly growing subscription business for its paid products, Pandora Plus and Pandora Premium, which brought in $125.8 million in Q3 – a figure that’s up 49 percent year-over-year. However, Pandora’s larger user base consists of those on its ad-supported free tier, whose revenues are not growing as quickly. The company pulled in $291.9 million in ad revenue, it said. That’s only up 6 percent year-over-year – despite the fact that Pandora’s acquisition of digital audio ad technology company AdsWizz completed in May and contributed to Pandora’s ad revenue this quarter. (Fonte: TechCrunch)
Ecco le startup italiane vincitrici del premio E-qube Startup&idea Challenge
Midori, Tate, Wisepower, Awhy e Ambra sono le cinque startup italiane vincitrici della seconda edizione del Programma internazionale “E-qube Startup&idea Challenge”, ideato e realizzato da Estra in collaborazione con Nana Bianca. Le startup vincitrici parteciperanno ad un programma di accelerazione ad hoc e riceveranno un grant di investimento di importo di 20mila o 10mila euro che sarà erogato da Estra per un impegno finanziario complessivo di 80mila euro. Previste nel programma 16 settimane di formazione imprenditoriale, suddivise in moduli, a supporto dello sviluppo del business e ad accelerazione delle startup coinvolte, in sinergia e integrazione con i core business di Estra. Complessivamente alla call internazionale di selezione si sono candidate 174 startup, provenienti da 26 Paesi in tutto il mondo, tra cui Italia, Germania, Regno Unito, Cina, India, Russia, Emirati Arabi, Nigeria, Kenya, USA e Messico. (Fonte: Il Sole 24 Ore)
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