Funding

Uber Raises $1.2B

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What does Uber do?

Uber, is a mobile app which connects passengers with drivers for hire. This app based car service is innovating at the intersection of logistics and lifestyle. Uber connects riders with reliable, safe, convenient transportation providers at wide range of price points in cities around the world. This app operates in 250 cities and 58 countries. The app uses a geo locator, allowing users to connect with drivers and bypass the traditional taxi services.

How much Uber was funded?

Uber raised $1.2B in Private Equity fund on September 7, 2015 from Baidu (Lead)

Previous funding

  • $1.2B in Series D funding on June 6, 2014 from Fidelity Investments(Lead), Google Ventures, BlackRock, Kleiner Perkins Caufield & Byers Partner: Megan Quinn, SherpaCapital Partners: Scott Stanford and Shervin Pishevar, Menlo Ventures, Wellington Management and Summit Partners.
  • $1.2B in Series E funding on December 4, 2014 from Lone Pine Capital, Qatar Investment Authority, New Enterprise Associates, Valiant Capital Partners, SherpaCapital Partners:  Shervin Pishevar and Scott Stanford
  • $600M in Series E on December 16, 2014 from Baidu
  • $1.6B in Debt Financing on January 21, 2015 from Goldman Sachs
  • $1B in Series E funding on February 18, 2015 from AITV (Accelerate IT Ventures), Times Internet and Foundation Capital
  • $1B in Series F funding on July 31, 2015 from Microsoft and Bennett Coleman and Co Ltd.
  • $100M in Private Equity fund on August 19, 2015 from Tata Opportunities Fund and Tata Capital.

What is next for Uber?

Uber has been on a fundraising tear as it expands globally fighting major competition. China is its latest market of concentration. The funding will be used for continuing the app based on demand transportation service in China.

More about Uber

Uber was founded in March 1st, 2009 by Travis Kalanick and Garrett Camp. It has its headquarters in San Francisco, CA. This on demand cab service is changing the way the world moves. It is connection drivers to riders through its apps and making cities more accessible.

 

 

 

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