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Uber taxi app seeks capital at $15 billion value: report

Published on May 24, 2014 3:56 AM
An Uber app is seen on an iPhone in Beverly Hills, California on Dec 19, 2013. -- PHOTO: REUTERS

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.

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