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Fastly Files For IPO

Fastly -- a San Francisco based content delivery startup that has raised $219 million in funding according to Crunchbase data and counts the likes of Stripe, Github, Airbnb, Pinterest, Audi, Buzzfeed, Ticketmaster, Vice, Spotify, and Reddit as customers -- has filed for a public offering on The New York Stock Exchange (NYSE). The company intends to list Class A common stock under the ticker "FSLY".

Fastly's S-1 filing revealed some key stats about its operations. They include:
$530,000 average revenue from each of its enterprise customers227 enterprise customers in 2018, up from 170 in 2017 1,582 total customers in 2018, up from 1,439 in 2017$144.56 million revenue in 2018, up from $104.9 million in 2017$29.1 million loss in 2018, down from $31 million in 2017$37 million cash and cash equivalents held as of December 31, 2018$50.1 million sales and marketing spend in 2018, up from $40.8 million a year earlier$34.6 million R&D spend in 2018, up from $29 million in 2017

Careem raises $200 million Series F round

Careem co-founder and CPO Abdulla Elyas
image : Careem

Following reports of an acquisition interest by Uber and several other speculations, Dubai based ridesharing firm Careem has raised $200 million in new funding from existing investors including Saudi Arabian businessman Alwaleed's Kingdom Holding which previously led a $150 million round for the company last year.

This $200 million is part of a round expected to raise over $500 million as per Careem. Other investors in this round include Rakuten, STV and the Al Tayyar Group. The valuation for this round is currently unknown although Careem was valued at $1.2 billion from its most previous funding round.

Careem is available in 14 countries and over 100 cities in total, It's the leading ride-hailing app in the Middle East and North Africa regions and also Turkey and Pakistan. It counts over 15 million users and more than 975 thousand drivers on its app.

The company has also now raised nearly $800 million in total with other notable investors including Coatue Management, Didi Chuxing, Lumia Capital, Endure Capital, DCM Ventures and several other firms.


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