Amid the earnings reports that are just getting started among publicly traded companies, in privately held Unicornland, activity is stirring, too, most notably on the deal-making front.
In one notable takeout in Unicornland, Delivery Hero said it will be selling part of its operations, the U.K. branch known as hungryhouse, to Just Eat for about $248 million. That latter firm could pay another $50 million based on milestones.
Separately, in the ever-shifting and continuous battle for eCommerce dominance in India, Flipkart said it would invest $2 million in Tinystep, a social network platform focused on parenting. Baby care, Flipkart has noted, is a $50 billion industry.
In investment activity writ large in Asia, Chinese property developer Sunac China Holdings said it would pay $376 million for a 6.25 percent stake in Chinese online real estate agency Lianjia, known for using Big Data in its own operations.
Zenefits was reported to be introducing a paid tier for its human resources (HR) offerings, a departure from its traditional model. The paid part, Buzzfeed noted, will come as part of HR One, a bundled service offering.
The goal, management told the site, would be to bring Zenefits closer to a subscription-as-a-service company.
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