Uber taxi app seeks capital at $15 billion value: report
Published on May 24, 2014 3:56 AM
NEW YORK (AFP) - Uber, the startup app that connects people with taxis and drivers, is seeking to raise fresh capital that would give it a $12 billion (S$15 billion) value, the Wall Street Journal reported Friday.
The Journal said Uber, which has already raised significant venture capital, is seeking US$500 million from various investor groups.
The company did not respond to an AFP query on the report.
San Francisco-based Uber, launched in 2009, offers a mobile app connecting passengers and taxis along with a "black car" service.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!