wordpress blog stats
Connect with us

Hi, what are you looking for?

Airbnb raising $450-500M from TPG; The Smile Connection

airbnbOnline room and space reservation business AirBnB has raised $500 million in funding at a valuation of $10 billion in a round led by TPG Growth, the equity investment arm of TPG, reports Techcrunch. Wall Street Journal meanwhile reports that the company raised $450 million in the round.

The Smile Connection?

Update: Smile Group Founder and Katalyzer General Partner Harish Bahl has informed us that AirBnB emerging markets project was already done by Springstar.

While AirBnB hasn’t revealed its plans, there is an interesting connection to note between the TPG and AirBnB: In 2012, Airbnb had tied-up with Smile group owned Springstar to launch international operations (including in India), and the Smile Group has recently announced a $100 million joint venture with TPG, called Katalyzers, to help companies expand to developing markets such as South East Asia, Middle East and Africa. We wonder if AirBnB will be a part of this partnership.

While speaking to Medianama, Bahl had said that Springstar focuses on European operations while Katalyzers focuses on developing countries. Bahl had also said that they worked with TPG for the Katalyzers JV due to it connections in silicon valley apart from their deep pockets.

That being the case there is a possibility that Katalyzer might help AirBnB expand to several emerging markets.

Advertisement. Scroll to continue reading.

$826 Million Raised In Investments

Apart from TPG, Dragoneer Investment Group, Sequoia and mutual fund T. Rowe Price were also involved in the round along with a few earlier investors in the company.

This increases the total funds raised by AirBnB to $826 million. Earlier investors include Y-Combinator, Sequoia Capital, Youniversity Ventures, Greylock Partners, SV Angel, Keith Rabois, Elad Gil, Jeremy Stoppelman, Andreessen Horowitz, General Catalyst Partners, Jeff Bezos, Digital Sky Technologies, CrunchFund, Ashton Kutcher, Eniac Ventures and Founders Fund. According to the WSJ report, AirBnB had revenues of $250 million in 2013.

We have contacted Katalyzers to find out if they will be working with AirBnB in emerging markets and will update the post when we hear from them.

Advertisement. Scroll to continue reading.
Written By

I'm passionate about technology and gaming. You can follow me <a>@chupchap</a>

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ