US ride-sharing start-up valued at twice what it was worth six months ago, after raising a fresh $1.2 billion in funding
Washington: Popular but controversial US ride-sharing start-up Uber is now valued at $40 billion (Dh147 billion), it said Thursday, twice what it was worth six months ago, after raising a fresh $1.2 billion in funding.
Uber chief Travis Kalanick announced the latest funding in a blog post, saying the money will fuel expansion, especially in the Asia-Pacific region.
“It was just a year ago that Uber was operating in 60 cities and 21 countries — today we are in over 250 cities in 50 countries,” he wrote.
“We are six times bigger today than 12 months ago — and grew faster this year than last. This progress is remarkable, but it is in the coming years that Uber truly scales and the impact in cities becomes visible.”
Post a Comment