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Airbnb looking at $10 billion valuation in latest fund-raising round

The company is looking at an exponential growth in valuation, after raising funds in 2012 on a $2.5 billion valuation.

By Ananth Baliga
The company is looking at an exponential growth in valuation, after raising funds in 2012 on a $2.5 billion valuation. (Credit: airbnb.com)
The company is looking at an exponential growth in valuation, after raising funds in 2012 on a $2.5 billion valuation. (Credit: airbnb.com)

SAN FRANCISCO, March 20 (UPI) -- In its latest round of fundraising, Airbnb could attract up to $400 million in funds, valuing the startup at more than $10 billion.

Leading the pack of investors is TPG, which has already taken on many other Silicon Valley startups like Uber. If Airbnb manages to raise between $400 and $500 million, it will make them one of the most valuable startups in the world. In hits last fundraising round, Airbnb raised cash based on a $2.5 billion valuation.

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There has been a lot buzz generated among technology companies, especially startups, following the $19 billion purchase of messaging app WhatsApp by Facebook. Facebook itself was one of the most popular startups in the technology segment, now valued at around $72 billion.

Airbnb helps connect travelers with people interested in renting out their homes or even a room for a fee, with the company collecting a portion of the fee. The company is also under scrutiny from regulators who are looking at whether the company's services is depriving states of taxes.

[New York Times] [CNET]

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