Profit-free Box trousers $150m in funding. So much for an April IPO

Loss-making enterprise startup darling Box.com has swallowed another $150m in venture funding. The cloud collaboration announced the funding Monday as part of a deal that reportedly boosts the company’s value from $2bn to $2.4bn. The shot of private equity comes despite the company’s plan, announced in March, to go public …

[Yet Another Anonymous coward]

Business plan

Lose money on every customer but make up for it in volume