Pre-IPO Sector – News Update – Week of 4/1/2019:

Last week, Lyft raised $2.34 billion and was valued at $24.3 billion in its IPO.

Airbnb invested between $100-200 million in OYO rooms. 

Palantir was awarded a $800 million army contract to assess movements, terrain, and weather in remote areas using its Distributed Common Ground System.

Uber purchased Careem, a Middle Eastern ride sharing service, for $3.1 billion.

WeWork generated $1.8 billion in 2018 which represents a 103% increase compared to its 2017 revenue. The company's net loss increased to $1.9 billion in 2018.

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

 AIRBNB

"Airbnb to Invest $100-200 Million in India's OYO - Source"

CASPER

“Mattress Startup Casper Valued at $1.1B with New Funding”

LYFT

“Lyft Was Valued at $24.3 Billion in its IPO, and Raised More Than it Planned”

PALANTIR

“Palantir has Won an $800 Million Contract with the US Army to Build a System that Helps Soldiers Fighting in Remote Areas”

TOAST

"Toast, the Restaurant Management Platform, has Raised $250M at a $2.7B Valuation"

UBER

"Uber Buys Rival Careem in $3.1 Billion deal to Dominate Ride-hailing in Middle East"

WEWORK

"WeWork says Revenue More than Doubled Last Year to $1.8 Billion, but so did its Net Loss"