Uber is on the verge of its biggest ever funding round after approving SoftBank’s bid to buy a sizeable stake.

The deal looks set to allow Softbank and an array of other investors to buy a US$10 billion stake in the ride-hailing firm, reports Bloomberg this morning.

Here’s how Uber, Softbank, and its rivals stack up after this game-changing investment:

Uber funding history

Uber funding history

Uber funding history

This post Uber and the ride-hail funding war appeared first on Tech in Asia.

Source link

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai Cabinet Approves Crypto-Friendly Tax Rules

The new rules will offer traders several benefits, including exemption from value-added taxes, settlement of losses and higher crypto trading activity in Thailand.

Fintech: the natural response to a quarantined economy

During the global lockdown, MSMEs needed Financial Technology (fintech) to keep business operations going. FinTech companies also provided an intrinsic relief to business owners that were at risk of getting sick by continuing to operate manually.

Thailand leads the world in adoption of next-gen financial services

More change has occurred in Thailand’s banking scene in the last two years than had occurred during the previous ten years, with the rate of change continuing to accelerate at pace.