INSUBCONTINENT EXCLUSIVE:
region, but back in the United States the company is moving ahead on another kind of expansion.TechCrunch has learned and confirmed that
Uber is raising another secondary round of funding of up to $600 million, on a valuation of $62 billion
$2.5 billion in net revenues, with a net loss of $601 million, and negative EBIDTA of $304 million on a pro forma basis.Raising between $400
million and $600 million on a valuation of $62 billion (at $40 per share) would indicate that while Uber is recovering from the drop in
the offering, which has yet to close, include Coatue, Altimeter and TPG
Uber employees with at least 1,000 shares can also participate in the financing
According to the terms of offer, no one can sell more than $10 million worth of shares.That general upward trend is also being reflected in
At the end of Q1, Uber had $6.3 billion in gross cash.GAAP numbers indicated net revenues of $2.6 billion with a GAAP profit nearly as big:
in 2018, with our rides business beating internal plan and continuing to grow at healthy rates, while we significantly reduce our losses and
that could mean losses might get worse in the short-term as Uber continues to invest money in businesses like Eats and JUMP, the bike-share
As with many tech companies, Uber appears to be focused more on growth than profitability, even as it eyes up an IPO, possibly as soon as
next year.Uber has raised over $21 billion in funding to date.
