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Uber rumored to be valued at an insane $50 billion

Ride sharing giant Uber is reportedly looking at being valued at $50 billion after it tries to raise $1.5 billion to $2 billion
By: Anthony Garreffa | Business, Financial & Legal News | Posted: May 12, 2015 5:36 am

It was only in February of 2011 that Uber raised $11 million and was valued at $60 million, in just nine months the company raised another $37.5 million for a $330 million valuation. But now, the ride sharing giant is said to be valued at a mind boggling $50 billion.




VentureBeat has an impressive image that we've got above, showing just how far Uber has come in four short years. Since 2009, Uber has grown into over 300 cities across the planet, where the valuation of $50 billion has venture capitalists throwing their money at the ride sharing company. The reason? Uber can expand ever so easily from the taxi industry, into couriers, moving services, food delivery and so much more. This has investors creating an expanding bubble of hope for Uber.


Where to from here though? The company could file an IPO, or raise a few more billion dollars to keep them afloat. Whatever happens, the future is brighter than ever for Uber.


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