REPORT: Is Raising Funding At A $1 Billion Valuation

Design deals website is in the process of raising a new round of funding that would give them a valuation of $1 billion. raised $171 million in funding throughout 2012 and this new round is expected to be over $100 million, according to TechCrunch.  In the last round of funding, was worth around $600 million. has around twelve million users. hit around $150 million in 2012 revenues.  Sales in January 2013 were up around 300% compared to January 2012.  January 2013 was’s third highest sales month ever. has a large international user base also.  The company has 1 million users in the U.K., which is generating around 40% of their sales in Europe and is the fastest growing market outside the U.S.  The Times of India is also an investor in, which indicates that there is interest in India.

Other investors in include Andreessen Horowitz, First Round Capital, SoftTech VC, Menlo Ventures, and Baroda Ventures.  The funding is expected to be announced soon and we will confirm it when it happens.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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