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Articles tagged with: funding

Pandora Raises Share Price By $3 In IPO

It looks like Pandora has changed its mind on its shares of stock since it’s original IPO (initial public offering). The company has just issued an amendment raising the share price from $10-$12. This is a $3 per share raise from its original average, and brings the company’s valuation from $1 billion to nearly $2 billion.

Since there are nearly 15 million shares up for the taking, Pandora expects to raise about $203 million from the initiative, or $60 million more than it’s original offering. Pandora currently rocks a user-base of 94 million, compared to 53 million the previous year. Likewise, users spend two times more time on the site than they had the previous year (rising from 0.7 billion hours to 1.6 billion hours).

Indian-based Search Engine Raises $10 Million

An Indian-based search engine called Just Dial has just raised $10 million in funding from SAP Ventures and Sequoia Capital. The company was started in 1996 in Mumbai and allows consumers to search for local business through the Internet, phone, WAP, and through text messages.

Using the service, consumers are able to discover new restaurants, retail outlets, or search for plumbers or exterminators. It’s basically an easier-to-use form of the YellowPages in the United States. The service is now used by 57 million unique users spread over 250 Indian towns and cities.

Dropbox Beta Users Enjoy Update

Dropbox was founded by Drew Houston and Arash Ferdowsi in 2007, and enjoyed seed funding from Y Combinator. Today, the “then-startup” is funded by Sequioa Capital, Accel partners, and Amidzad. Since the company went public in Q3 of 2008, Dropbox has attracted millions of users and are still growing. Their passion is “making a product that rocks and putting it in millions of people’s hands.”

TechStars Raises $8 Million In Funding

With locations all over the country, TechStars is a “mentorship-driven seed stage investment program.” Each year, they run a three month long program in Boston (MA), Boulder (CO), New York City (NY) and Seattle (WA). TechStars is very selective, hand picking about ten companies out of hundreds for each city. These companies get up to $18,000 in seed funding, three months of intensive top-notch mentorship, and the chance to pitch to angel investors and venture capitalists at the end of the program.

TechStars has comment