{"id":57751,"date":"2014-05-16T09:30:38","date_gmt":"2014-05-16T07:30:38","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=57751"},"modified":"2014-05-16T09:30:38","modified_gmt":"2014-05-16T07:30:38","slug":"uber-to-secure-additional-funding","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/57751\/uber-to-secure-additional-funding\/","title":{"rendered":"Uber to secure additional funding"},"content":{"rendered":"

Uber Technologies Inc, which arranges car rides on demand, is in talks to secure a new round of financing from private equity investors that may value the company at more than $10 billion, Bloomberg cited people with knowledge of the situation as saying.<\/p>\n

The size and value of the funding may change, Bloomberg said on Thursday, citing one of the people.<\/p>\n

Uber’s last round of financing pegged the fast-growing startup’s value at $3.5 billion. The company pairs people looking for rides with drivers in major cities and is part of a crop of startups such as AirBnB now profiting off an expanding “sharing economy.”<\/p>\n

Uber, which is backed by investors including Benchmark Capital, TPG Capital and Google Ventures, was not immediately available for comment.<\/p>\n

More on Uber<\/h3>\n

Uber taxi company trials courier services<\/a><\/strong><\/p>\n

Uber taxi service expands in SA<\/a><\/strong><\/p>\n

Uber appoints Google CFO<\/a><\/strong><\/p>\n

Online taxi service Uber comes to SA<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Uber Technologies Inc, which arranges car rides on demand, is in talks to secure a new round of financing from private equity investors that may value the company at more than $10 billion, Bloomberg cited people with knowledge of the situation as saying.<\/p>\n","protected":false},"author":7,"featured_media":43853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,5220,6457],"class_list":["post-57751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-funding","tag-uber"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/57751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=57751"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/57751\/revisions"}],"predecessor-version":[{"id":57757,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/57751\/revisions\/57757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/43853"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=57751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=57751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=57751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}