Uber is trying to be the biggest company of world.Its already biggest startup and they raised $2 Billion in latest funding round from Tiger Global Management participated in the newest round, led by its partner Lee Fixel, as did T. Rowe Price, said the people, who spoke on the condition of anonymity because the terms are still private.
Uber hired Google Map exec to develop and manage its own map. The participation of Tiger Global, however, is particularly interesting. Tiger Global is an investor in Ola and GrabTaxi, two of Uber’s largest competitors in India and Southeast Asia. It is perhaps the first time a major institutional investor participated in the rounds of both Uber and its major competitors. And on Thursday, Ola and GrabTaxi announced a strategic partnership with Lyft, which is also based in San Francisco and is Uber’s major competitor in the United States.
Uber, meanwhile, has earmarked at least $1 billion toward its growth efforts in China, and continues to spend heavily…
Uber hired Google Map exec to develop and manage its own map. The participation of Tiger Global, however, is particularly interesting. Tiger Global is an investor in Ola and GrabTaxi, two of Uber’s largest competitors in India and Southeast Asia. It is perhaps the first time a major institutional investor participated in the rounds of both Uber and its major competitors. And on Thursday, Ola and GrabTaxi announced a strategic partnership with Lyft, which is also based in San Francisco and is Uber’s major competitor in the United States.
Uber, meanwhile, has earmarked at least $1 billion toward its growth efforts in China, and continues to spend heavily…