California-based Airbnb's value has increased and now is up to $25.5 billion. The value has increased as the online accommodations hub has been able to arrange to raise $1.5 billion. Many American and Chinese investment funds were involved in the discussions.
The funds include General Atlantic, Tiger Global Management, Kleiner Perkins Caufield & Byers, Horizon Ventures and China Broadband. As per the source known to the matter, the deal could be announced by next week.
At the value of $25.5 billion, Airbnb would be worth more than hotels like Marriott ($20.90 billion), Starwood ($14 billion) and Wyndham ($10.01 billion). The home rental company was launched in San Francisco in 2008.
Because the company is not publicly traded, it does not have to publish it figures. However, it has been found that its sales have increased from $250 million to $850 million in two years.
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