Home / Centerstage / 2014 / april / Week 2 /
Private-equity firm TPG leads an investment of over $450 million in Airbnb, valuing the home-rental platform at $10 billion. This funding round elevates Airbnb to the status of one of the world's most valuable startups, surpassing the market value of major hotel chains like Wyndham Worldwide Corp. and Hyatt Hotels Corp. The investment reinforces Airbnb's position in the sharing economy and sets the stage for further expansion.
Thursday, 17 April, 2014