UBER VALUED AT OVER $51 BILLION
~!~ It has been reported that a new funding round has been closed by Uber, which values the company near $51 billion. As per reports, so far it is the highest valuation for a company that is backed by venture. The company has exceeded the $50 billion valuation of Facebook nearly four years ago, when it concluded its last round of raising fund before it went public. (ukcanadaus)
~!~ It has been reported that a new funding round has been closed by Uber, which values the company near $51 billion. As per reports, so far it is the highest valuation for a company that is backed by venture. The company has exceeded the $50 billion valuation of Facebook nearly four years ago, when it concluded its last round of raising fund before it went public. (ukcanadaus)
~!~ The company also managed to go beyond the $50 billion mark in just five years, whereas a feat Facebook reached the mark in seven years. As per reports, the new valuation of the company is also $5 billion more than smartphone maker Xiaomi, which is considered as the second highest valued private company that is venture backed. Reports say that the company raised nearly $1 billion in the new agreement. (ukcanadaus)