{"id":768,"date":"2015-12-06T14:16:25","date_gmt":"2015-12-06T14:16:25","guid":{"rendered":"https:\/\/sunkrish.com\/?p=768"},"modified":"2017-02-08T07:59:18","modified_gmt":"2017-02-08T07:59:18","slug":"uber-valuation-put-at-62-5-bn-after-new-investment","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2015\/12\/06\/uber-valuation-put-at-62-5-bn-after-new-investment\/","title":{"rendered":"Uber valuation put at $62.5 bn after new investment"},"content":{"rendered":"

<\/a>Uber’s fund-raising efforts are showing no signs of slowing down. The company, based in San Francisco, is close to completing the raising of a $2.1-billion round of venture capital, according to people briefed on the company’s plans, the company’s single-largest round to date.<\/p>\n

Once completed, the investment will value the company at $62.5 billion, according to three people briefed on the plans, securing Uber’s place as the world’s most valuable private start-up.<\/p>\n

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.<\/p>\n

Talks of the funding plans were previously reported by The New York Times in October. On Thursday, Bloomberg News reported the $62.5-billion valuation.<\/p>\n

Uber declined to comment on any fund-raising talks, as did T Rowe Price. A Tiger Global spokeswoman declined to comment.
\nCompetition is intensifying in the global ride-hailing market, as rivals like Lyft, Didi Kuaidi and other companies raise billions of dollars in to expand as quickly as possible. Lyft, another ride-hailing start-up, is in talks to raise a further $500 million in funding, according to four people briefed on the round, which could value the company at roughly $4 billion. Didi Kuaidi, to date, has raised more than $4 billion in private investment.<\/p>\n

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.<\/p>\n

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.<\/p>\n

source: http:\/\/www.business-standard.com\/article\/companies\/uber-valuation-put-at-62-5-bn-after-new-investment-115120500045_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Uber’s fund-raising efforts are showing no signs of slowing down. The company, based in San Francisco, is close to completing the raising of a $2.1-billion round of venture capital, according to people briefed on the company’s plans, the company’s single-largest … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,497,493,5],"tags":[371,294,416,293,353],"class_list":["post-768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-bloomberg","tag-investment","tag-uber","tag-valuation","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=768"}],"version-history":[{"count":4,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/768\/revisions"}],"predecessor-version":[{"id":3740,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/768\/revisions\/3740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3738"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}