Snapchat may have first made its name in the crowded world of mobile apps with an ephemeral messaging service, but the startup and its wildly popular app are not disappearing anywhere soon. TechCrunch has learned from multiple sources that Snapchat is raising yet more financing at around a $20 billion valuation. Sources with knowledge of the deal say the social media giant is in the process of a round of about $200 million.
With those numbers behind it, the company is seeking a big new round of funding, which could be announced in the coming weeks. Sources with knowledge of the situation say the company hopes to bring in $300 million in growth funding to ramp up operations. According to sources, the funding will likely come from both institutional and strategic investors, as Carvana seeks to leverage both capital and connections to make used cars available in more markets around the country.
Uber is planning to launch a merchant delivery program that would allow online shoppers to get same-day delivery of goods through both UberRush couriers and Uber drivers. TechCrunch has obtained training documents for Uber drivers and couriers who are part of the merchant delivery pilot program.
Sources say that Neiman Marcus, Louis Vuitton, Tiffany’s, Cohen’s Fashion Optical and Hugo Boss are all in talks with the Uber Merchant Delivery program, and one source in particular said that there are over 400 different merchants currently in talks (or already testing) with Uber for same-day delivery. (Cohen’s Fashion Optical and Hugo Boss are both used as examples in the training presentation.)
Status: Unverified, though TechCrunch provided the documents in the story.
4/15/2015: Yahoo in talks to buy Foursquare
Yahoo has been busy rebuilding its business around mobile under CEO Marissa Mayer, and soon it could make one of its biggest bets yet on the platform. We have heard perennially that the company has been looking to buy Foursquare, the New York startup behind the eponymous local search app and location-based social “check-in” app Swarm. The latest rumor we are hearing is giving the deal a price tag of around $900 million.
One source says that the “deal is done” but details are still being ironed out. Others have also confirmed a Yahoo/Foursquare deal is in the frame.
Yet other sources at Yahoo tell us they have heard nothing — nada — about the deal. Either this is elaborate, bicoastal speculation, or it is happening with only a select circle privy to what is going on.
Twitter is doing whatever it can to help its live video streaming acquisition Periscope beat independent competitor Meerkat. Multiple sources tell TechCrunch that Twitter has been contacting celebrities who use Meerkat, trying to convince them Meerkat is dying and that they should use Periscope instead.
Sources also say Twitter has been in touch with media companies that use Meerkat, going so far as to imply that if they don’t exclusively use Periscope, it could cut off their access to Amplify.
Send an instant message asking for something, and they’ll do the grunt work of placing your order and getting it delivered to you. That’s the idea for Uber co-founder Garret Camp‘s new startup Operator that’s still in stealth, according to sources with direct knowledge of the app.