Uber Is Raising Couple Billion More

Uber (the most valuable private technology company on paper) is looking to raise $2.1 billion, currently at $50 billion valuation. The additional funding would bring those figures up to $62.5 billion in value.

Uber’s U.S. rival Lyft, rumored to be raising half a billion at a $4 billion valuation. Lyft lost $127 million in the first half of 2015, with a revenue of $46.7 million.

Both ridesharing platforms have starkly different global expansion approaches. Uber endeavors to push into each market as a separate entity. Lyft has announced several global partnerships with ridesharing platforms Didi Kuaidi, Ola and Grab Taxi.


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