Industry News Update – Week of 7/31/2017

Last week, Dropbox appointed Goldman Sachs to underwrite its upcoming Initial public offering.

The merger between Flipkart and Snapdeal has officially been terminated since Snapdeal’s board of director rejected the $900-$950 million purchase price from Flipkart.

Slack and SpaceX have been procuring funding. Slack is raising $250 million and its valuation is expected to rise to $5 billion. SpaceX's valuation rose to $21 billion once the company raised more than $350 million as part of its Series H funding round.

Stripe bought Payable, company that handles payments, tax and on boarding for contractors, to offer simplified tax reporting to its customers.

WeWork established a China-based business to quickly expand its presence in China.

The news articles and links presented  below are available for your reference.

DROPBOX

“Dropbox is Reportedly Inching Closer to a Potential IPO”

FLIPKART

“Flipkart’s On-off-on-off-on-off Deal to Acquire Snapdeal is Now Officially Dead"

SLACK

“Slack is Raising a $250 Million Round at $5 Billion Valuation"

SPACEX

“New Funding Round Values SpaceX at $21.2 Billion"

STRIPE

“Stripe Acquires Payable to Help On-demand Businesses Manage 1099 Tax Reporting''

WEWORK

“WeWork Launches Dedicated China Business Backed by $500M from Investors"