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Will Russian Yelp, Tulp Benefit From Yelp IPO?

Files under: News
Posted by: admin @ 09:59 [2. 03. 12]

The local reviews’ site Yelp has raised $107 million at ca. $900 million market capitalization at IPO on NYSE. The market cap increased to over $1 billion at IPO day. Launched in 2004, Yelp made revenues of $83 million from, mostly, selling ads to local businesses in 2011. Yelp has 66 million monthly unique visitors.

Launched in 2010, has evolved into a kind of social network with local reviews in Russian regional cities. Tulp also has local reviews in Ukraine and Kazakhstan. Founded by Taisia Kudashkina, Tulp is operated out of the Russian cities of St. Petersburg and Omsk.

See a list of top 10 Web Startups from Russia.

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