Thu, 23 Sep 2021 Today's Paper

Uber seen reaching US $ 10.8bn in bookings in 2015: Fundraising presentation

21 August 2015 06:30 pm - 0     - {{hitsCtrl.values.hits}}

A A A



REUTERS: Uber Technologies Inc’s global bookings are projected to rise nearly threefold to US $ 10.84 billion this year and reach US $ 26.12 billion the next, according to a recent presentation for potential investors seen by Reuters.

The ride-hailing service, which operates in over 50 countries, keeps 20 percent of booking revenue, showed a confidential slideshow prepared by Chinese bankers with input from Uber, aimed at soliciting investment in a fund participating in Uber’s Series F financing.

Based on those figures, 2015 revenue would be roughly US $ 2 billion, according to a Reuters calculation.

A spokeswoman at Uber’s San Francisco headquarters, when asked about the presentation, said the company does not comment on “rumor and speculation.”
The undated presentation featuring data from as recently as June offers a glimpse of the explosive growth of the six-year-old firm, last valued by investors at US $ 50 billion - the most for a privately held technology firm worldwide.

Uber links passengers and drivers via apps, earning revenue Chief Executive Travis Kalanick last year said was doubling every six months. But its services have been banned in several cities where, for instance, drivers have not held commercial licenses. It has said it is working with authorities to lift the bans.
Bookings reached US $ 2.91 billion last year and US $ 687.8 million in 2013, according to the presentation, which does not feature expenses or say whether Uber is profitable.

The slideshow also said state-owned China Life Insurance Co and China Taiping Insurance invested in Uber in the past year, adding to a shareholder base numbering India’s Tata group and Bennett, Coleman & Co Ltd.
China Life confirmed the investment. China Taiping declined to comment.
IPO
The presentation was prepared for potential investors in a fund holding shares of Uber Global and Uber China, a separate company formed for the mainland where it competes with Didi Kuaidi. It contained operational data for both entities but did not break out financial details of Uber China.

It also forecast an initial public offering of Uber Global within 18 to 24 months. Kalanick and people close to the firm have in the past declined to discuss any timetable.

Uber is widely believed to be losing money as it offers financial incentives to drivers to gobble up market share. It is also dealing with numerous legal and regulatory issues and bans in countries including France, Spain and Thailand.

But backers ranging from Silicon Valley venture capitalists Benchmark and New Enterprise Associates to institutional investors Fidelity and the Qatar Investment Authority have poured in close to US $ 5 billion to support Kalanick, who has said he aims to build a computerized logistics network.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Waiver of registration questioned: Import of covid related drugs, products shrouded in controversy

The National Medicines Regulatory Authority- the independent authority that r

Mysterious disease killing pups!

A mysterious respiratory disease affecting puppies in the Central Province is

Jacqueline Fernandez; Lankan Star Shining in Indian Film Sky

Sri Lanka’s Jacqueline Fernandez who has made a name for herself in India

Young families share stories of pregnancy in a pandemic

For hundreds of expectant and new mothers, pregnancy and childbirth are nothi