Uber raises USD 361.2 million from Google Ventures, TPG & others at a valuation of USD 3.5 bn

Uber-LogoUS based on-demand car service, Uber which was expected to raise a fresh round of funding led by private equity firm Texas Pacific Group and Google Ventures at a valuation of USD 3.5 bn, has closed USD 361.2 million round led by the two along-with Benchmark, reveals the Delaware filing by Uber Technologies.

Delaware filing with the U.S. Securities and Exchange Commission shows that the Uber has sold off some of its C-1 and C-2 stocks to these Silicon Valley investors and may now be valued around USD 3.5 billion.

According to the filings, TPG has picked up 775,092 shares of Uber and has put in a total of USD 88.4 million in the company. Whereas Benchmark has invested USD 15 million in this round and has bought 105,234 shares. Also, Uber has raised USD 103.4 million from TPG, Benchmark and another investor who has picked up 1.8 million shares of the company, states the document.

Though there is no mention of Google Ventures in the report but according to AllThingsD and Techcrunch, Google Ventures is the largest investor in this round and has invested a total of USD 257.79 million into Uber.

In July, Travis Kalanick had confirmed that Uber was in talks with the investors for a new round of funding but had declined sharing details about how much Uber is expecting to raise.

Currently, Uber services are available in 41 markets, out of which 6 are from Asia Pacific region which include Melbourne, Seoul, Shanghai, Singapore, Sydney & Taipei and is also expected to expand in more cities in the Asia Pacific region, as we reported earlier it might expand its operations in Bangalore, Beijing, Hong Kong, and Auckland.

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Launched in 2010, till now Uber has raised USD 57 million in funding including USD 37 mn in Series B led by Menlo Ventures, Jeff Bezos, and Goldman Sachs in 2011.

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  • TaxiPixi

    Uber is killing it!! :)