Social News Reading App Flipboard Is Reportedly Raising $50 Million
Advertisement
Steve Kovach/Business Insider
Advertisement
This comes just two months after Flipboard raised $50 million at a reported $800 million valuation. Though, the round was reportedly always supposed to be $100 million led by Rizvi Traverse Management for that round.
If and when Flipboard closes this round, it will have raised $160 million in total.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
Just last month, Flipboard announced that it had hit 90 million users.
Business Insider has reached out to Flipboard for comment and will update this story if we hear back.
Advertisement
Next StoryAdvertisement
Spiti Valley guide 2024: Stunning locations & interesting things to do
Zydus Q4 net profit surges 4-fold to ₹1,182 cr; revenue at ₹5,534 cr
Sebi mulls facilitating MFs to invest in overseas funds with exposure to Indian securities
India's forex reserves jump $2.56 bn to $644.15 bn
JSW Steel Q4 net profit falls 65% to ₹1,322 crore
