E-Paper
Snapchat raises $1.81 bn in new funding round
NEW YORK: Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it
Published on: May 27, 2016, 07:48:23 IST
Share via
Copy link
NEW YORK: Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers. Snapchat did not disclose its valuation in the latest round of funding in its filing on Thursday. However, technology website TechCrunch said the company could be valued at about $20 billion, citing sources. Snapchat makes a free mobile app that allows users to send videos, photos and messages.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
