News Update – Week of 8/21/2017

Last week, Bloom Energy and PowerSecure obtained one of the largest fuel cell contracts from Equinix to install 37-megawatt fuel cells at 12 data centers.

Flipkart launched the Flipkart Global platform which will allow its products to be sold to 190 international countries.

Prosper released its second quarter financials which revealed that the company became cash flow positive in Q2 2017. Prosper generated $775 million in loan originations which represents a 74% increase year on year, and the company's transaction revenue increased to $35.4 million which represents a 84% increase year on year. The company's revenue increased marginally to $30.5 million which is a 12% increase compared to Q2 2016 and the company's net loss increase to $41.4 million which represents a 16% increase compared to Q2 2016.

Uber is in talks to raise between $1 billion and $1.5 billion from SoftBank Group Corp, Didi Chuxing, Dragoneer Investment Group and General Atlantic at last year’s valuation. The amount of funding raised will depend on the outcome of the Benchmark lawsuit since the new investors want to become board seat members. A second part of deal will allow investors to buy between $2 billion to $10 billion worth of Uber shares.

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


"Bloom Energy and PowerSecure Land Country’s Biggest Fuel Cell Deployment to Date"


“ Flipkart Rolls Out Global Selling Programme for its Vendors”


"Prosper Reports Strong Second Quarter Growth; Closes $500 Million Securitization Transaction"


“Uber’s Possible $12 Billion Deal Hangs on Outcome of Courtroom Brawl"