The current valuation of Yelp is approx. $1.6 billion as of publication. Yelp operates an online platform that connects people with local businesses. Its platform covers various local business categories, including restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories. Yelp was launched in 2004 and is headquartered in San Francisco, California.