Pinterest, the hottest social photo sharing website right now, looks set to receive a nice $50 million injection from Japanese giant, Raukten. Plus another reported $70 million coming in from other international investors! This means that Pinterest’s valuation is now in the range of between $1 billion and $1,5 billion. Impressively, they’ve only been around for two years.

Pinterest were previously quietly earning money through an affiliate revenue scheme. This was quickly shut down after media caught wind of it. Still, Pinterest seems to have great revenue-earning potential, given that the network is already driving sales for some retailers.

Another sign that popularity is growing is a recent post on the Pinterest corporate blog, calling for translators for local-language editions of the site. French, German, Japanese, Portuguese and Spanish are the company’s first priorities, but they are also looking for Dutch, Greek, Italian, Korean, Malay, Polish, Russian, Simplified Chinese, Swedish and Turkish translators for future versions.

Let’s hope Afrikaans, Zulu, Xhosa et al are also on that list in the near future!

[Source: B2B Marketing]