Skip to main content

Uber Valuation at $62.5 Billion After a New Investment Round of $2 Billion

Uber Valuation at $62.5 Billion After a New Investment Round of $2 Billion

Uber is trying to be the biggest company of world.Its already biggest startup and they raised $2 Billion in latest funding round from Tiger Global Management participated in the newest round, led by its partner Lee Fixel, as did T. Rowe Price, said the people, who spoke on the condition of anonymity because the terms are still private.

Uber hired Google Map exec to develop and manage its own map. The participation of Tiger Global, however, is particularly interesting. Tiger Global is an investor in Ola and GrabTaxi, two of Uber’s largest competitors in India and Southeast Asia. It is perhaps the first time a major institutional investor participated in the rounds of both Uber and its major competitors. And on Thursday, Ola and GrabTaxi announced a strategic partnership with Lyft, which is also based in San Francisco and is Uber’s major competitor in the United States.

Uber, meanwhile, has earmarked at least $1 billion toward its growth efforts in China, and continues to spend heavily to establish itself against its Asian competitors.

Uber Is Now Valued Higher Than 80% of the Companies in the S&P 500
Uber is raising more money, and the new valuation will make it larger than stalwarts of the S&P 500, including Dow Chemical, BlackRock, and Netflix.

Uber's rumored valuation bigger than most economies on Earth
Uber's said to be raising an eye-popping $2 billion, pushing its value to more than $62.5 billion. That's bigger than the economic output of most of the countries tracked by the World Bank.

Lyft Joins With Asian Rivals to Compete With Uber
The anti-Uber global alliance of ride-hailing companies has now officially taken shape.

On Thursday, Lyft, a ride-hailing start-up based in the United States, announced a coalition with GrabTaxi, Ola and Didi Kuaidi, three of the largest ride-hailing companies in Asia. Under a partnership, the companies can operate in one another’s home countries, forging new pathways for each in markets they have yet to tap into.

Most important links to check next ...
Still looking for ideas: 7 ways to save money while shopping online 

Popular posts from this blog

Best Uber First ride free promo code valid worldwide

Uberpromo.in provides latest, verified uber promo code for sign up with first free ride worldwide. You will get free ride worth as per your current city only such as $20, £ 15, 3 ride worth Rs 75 each for India etc. Uber mobile app detects device location automatically.

उबेर प्रोमो कोड | अधिकृत, सत्यापित छूट का कूपन | आपकी पहली ट्रिप मुफ़्त है (जानकारी हिंदी भाषा में )

How can you regain access of your Uber account once it's disabled?

Update: Banned account is a pain, I have many friends who got locked out form Uber due to suspicious activity, some got their account enabled again after some conversation with Uber support and mostly are banned for life. Here is one scenario when you account may get banned. Read this story till end to get the idea.

Q. How can you regain access of your Uber account once it's disabled?

Recently uber had this scheme of "refer someone, that refferal gets 600 credits and you get 600 when he makes his/her first ride".

I made many people join , though all refferals were real and accounts were created with their permission and presence but all accounts were created from my phone .

I earned many credits. But soon my account was closed down.
Now whenever I try logging in from any acount in my phone  it gets banned within few minutes.

Is there any solution or any hack to avoid this and get my acount back ? I still have 5k credits left in my account and I desperately want it.

Soluti…

How much I will earn by attaching my car with UBER or OLA

This is very common question now a days in India. Some of the Quora posts hints that OLA/UBER drivers are earning in lakhs per month which is not the case now.

Competition is getting tougher, 100's of new drivers are joining the platform. Now they don't get enough rides sometimes only then UBER/OLA pay them minimum amount for the day.(Already decided amount based upon business).