Messaging app Snapchat Inc has raised $1.eighty one billion (roughly Rs. 12,157 crores) in an equityimparting, indicating robust investor interest in the enterprise regardless of issues that it’s farstruggling to draw advertisers.
Snapchat did no longer reveal its valuation within the modern day round of investment in its submittingon Thursday.
but, era website TechCrunch stated on Monday, citing sources, that the corporation will be worthapproximately $20 billion (roughly Rs. 1,34,351 crores).
Snapchat, which makes a unfastened cell app that lets in customers to ship movies, photographs and messages that vanish in seconds, has confronted concerns that the organisation‘s estimated valuation is not justified because of its uneven revenue movement.
traders in this spherical blanketed general Atlantic, Sequoia Capital, T. Rowe fee, Lone Pine and fidelity,amongst others, TechCrunch suggested on Thursday, citing sources.
Snapchat turned into not immediately to be had for comment.
© Thomson Reuters 2016
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Tags: Apps, investment, internet, Snapchat, Social
