Uber: 39 Facts About The Most Controversial Yet Most Valued Startup

Must Read

The Hacking Of Jeff Bezos’ Phone: Facebook Blames Apple!

Hacking someone's phone through some malicious app or by injecting some code is nothing new. But when...

Google, Microsoft Buying Your Sensitive Personal Data From Avast Antivirus!

Your antivirus software may or may not protect you as much as you’d expect, but they are...

Amazon India Food Delivery Business: An Emerging Threat for Swiggy and Zomato?

After establishing its prowess in one-day delivery and two-hour delivery, Amazon India is looking to expand into...
Aarzu Khan
A full-time data scientists and a part-time industry analyst; still learning power of effective presentation and firm believer of the thought "Numbers are always magical". Love to be in the network of people who 'know' how to respect their time and keep others engaged in meaningful activities.

Uber is world’s most valued startup having a valuation soaring to $72 billion in February 2018. Despite all hullabaloo, that company has gone through in the recent past, Uber is still scaling new heights by adding new marketers at regular intervals. Even the dramatic exit of Travis Kalanis, co-founder and former CEO of Uber, didn’t shake the company much.

On the flip side, despite showing phenomenal growth potential in the business model, Uber is facing ban partially or fully in many promising markets due to various security and legal challenges. But that’s not all; The growth of Uber has come at the cost of many cab-service offering companies. While drivers who were once excited about the payout from Uber, are now protesting against the Uber for declining earnings.

Uber always surrounded by hundreds of legal hurdles it is facing in many countries. In the NY alone, the company faced 173 lawsuits in 2015.

Advertisements

All the above makes Uber, arguably, the most controversial startup in the history. And, that’s why 16Best.net has found it convincing enough to curate data and create an infographic that highlights 39 interesting facts about Uber. We have listed some of those important facts below, followed by the complete infographic.

  • In 19 rounds so far, Uber has raised $22.2 billion from 90 investors and firms.
  • In a landmark investment round, Uber raised $8.8 billion in late 2017. It was one of the largest funds raised by any startup ever in one round.
  • Chew this- had you make an angel investment of just $20K in Uber during early days, you would have been counting not less than $40 million in returns in 2014.
  • The exploded growth of Uber attracted many eyeballs. Consequently, Uber found one or more competitors in almost every country/city it is operational today.
  • Despite so much of hype, no competitor managed to raise expand and raise as much money as Uber till date. However, Didi Kuaidi, Ola Cabs and Lyft are the only competitors who have managed to present some competition by securing a sizable amount of investment.
  • Didi Chuxing is the closest competitor having a valuation of $50 billion.
  • Uber is also awarded as the fastest growing Unicorn, after Facebook. It achieved $41 billion market capitalisation in less than 6 years – a feat that no other unicorn, including LinkedIn, WhatsApp and Twitter – could achieve so far.
  • By leveraging on jaw-dropping discounts and offers Uber has over 50 billion riders and 7 million drivers on its platform. Interestingly, none of these drivers is employed by Uber.
  • Uber has over 12,000 employees to maintain operations worldwide.
  • Uber is also working on, supposedly, the next wave of transportation – self-driving cars. Uber has partnered with Volvo to invest $300 million in self-driving cars.
  • Uber is also very optimistic about the future of transportation. By 2020, Uber is expected to launch flying cars Dallas and Los Angels.

We have embedded below the complete infographic that carries many more interesting facts about the investment, acquisitions, payouts and competition.

facts about Uber

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Google, Microsoft Buying Your Sensitive Personal Data From Avast Antivirus!

Your antivirus software may or may not protect you as much as you’d expect, but they are...

Which Countries Have the Biggest Share in the Global Gaming Market?

The global gaming market is expected to rise from $152 billion in 2019 to $196 billion by 2022. Undoubtedly, gaming has become...

The Hacking Of Jeff Bezos’ Phone: Facebook Blames Apple!

Hacking someone's phone through some malicious app or by injecting some code is nothing new. But when the matter belongs to one...

Amazon India Food Delivery Business: An Emerging Threat for Swiggy and Zomato?

After establishing its prowess in one-day delivery and two-hour delivery, Amazon India is looking to expand into the domains of food delivery....

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience with the phenomenon, especially in...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This