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Showing posts with label Uber. Show all posts
Showing posts with label Uber. Show all posts

Friday, June 06, 2014

Uber Sets Valuation Record of $17 Billion in New Funding


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Photographer: David Paul Morris/Bloomberg
Travis Kalanick, chief executive officer at Uber Technologies Inc.
Uber Technologies Inc. is creating a new category of hot startup: the $17 billion club.
The San Francisco-based transportation service, which lets people order private town cars and other vehicles from their smartphone, has raised$1.2 billion in a new financing led by Fidelity Investments. The funding positions the company at the front of a pack of Internet startups, at a pre-money valuation of about $17 billion, up from $3.5 billion in a financing last year.
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