Launched in 2009, San Francisco-headquartered Uber is the most heavily-funded online car-hire service in the world.
Post raising $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients in January this year, US-based on-demand car service Uber has now added $1 billion more to its $1.8 billion series E round, as per a VCCircle report.
The company had secured $1.8 billion in Series E funding in December 2014 in two transactions – $1.2 billion from New Enterprise Associates, Lone Pine Capital, Valiant Capital Partners and Qatar Investment Authority & had kept the option of raising $600 million more from Baidu. Till date, Uber has received $5.9 billion funding in 10 rounds from 39 investors.
Launched in 2009, San Francisco-headquartered Uber is the most heavily-funded online car-hire service in the world. The company enables users to request a ride any time using its iOS and Android apps, as well as from its mobile site.
Its rival, Malaysia-headquartered taxi app, GrabTaxi has secured $250 million funding round from Softbank recently. And its rival in India, Ola, too had raised $210 million from Softbank.
Earlier this month, the firm had announced that it is looking to acquire an Indian radio taxi service Meru Cabs, which is currently valued at around $400 million.
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