BackAirbnb to be valued at $30 billion after additional investment
If Airbnb succeeds in securing the new funds, the short-term home rental company will have tripled its valuation in two years
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New York: Airbnb is in talks to secure a new round of investment that would value the company at around $30 billion, the New York Times (NYT) reported on Wednesday.
If it succeeds in securing the new funds, the short-term home rental company will have tripled its valuation in two years, the NYT said citing anonymous sources.
The daily reported that the San Francisco-based Airbnb plans to use the financing for additional growth, including plans to expand internationally.
Airbnb has been rapidly expanding in new markets over the last two years, with a 700% increase in business from Chinese travellers, the company has said.
Airbnb is also experimenting with alternative lines of revenue, for example, by letting tourists include add-on services in their trips like restaurant reservations and museum tours, the NYT reported.
News reports earlier this month said Airbnb already has secured a $1 billion debt facility, the NYT wrote.
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