Business
It is an Uber-fantastic world
Over the years, Uber has taken the travel industry to a whole new level. Here we give you a glimpse of its exponential growth over the years.
Uber, love it or hate it, there is no doubt that it has changed the transport industry completely. It is available in over 600 cities worldwide. You often get promo codes and discounts when booking a car, making it easy to find your way around when on a trip out of town.
It was a simple concept and something that carpoolers have known for many years—it can save money to share resources. Instead of Uber going out and buying a fleet of cars, it allowed drivers to sign up for the service.
And, with over seven million drivers and 50 million users, it has proven its worth. It has also been great for investors—a $20,000 investment in 2010 was worth about $40 million in 2014. The first round of angel investing in 2010 only raised around $1.3 million, but that was a drop in the ocean compared with what came next.
Here’s how much more Uber raised in later rounds:
Uber has undoubtedly established a name for itself since it started out. (Source)
(Featured image via DepositPhotos)
Green Energy Funds’ Assets Under Management Decrease in 2024 Due to High Rates and Trump Inauguration
In 2024, climate-focused mutual funds faced $30 billion in withdrawals, reversing a boom driven by rising rates, Trump’s climate stance,...
The Fintech Sector in Mexico Remains Attractive Amid Political Uncertainty and Growth Potential
Despite a global fintech investment decline, Valor Capital Group remains optimistic about long-term growth potential, citing selectivity and maturity in...
Concrete Investing Closes 2024 with Five New Projects funded and exits for 16.5 million
Concrete Investing closed 2024 with the €1.7M Benadir 14 project in Milan, offering 26% ROI over 24 months. The platform...
Asebio and Aelmhu Positively Value the First Meeting of the Joint Committee for the Industry Strategy
AseBio and Aelmhu praised the first Joint Committee meeting on Spain’s 2024-2028 Pharmaceutical Industry Strategy, emphasizing collaboration between ministries and...
Philip Morris International Is Quietly Entering the Cannabis Market
Philip Morris partners with Avicanna, leveraging Canada’s regulated cannabis market to expand into medical cannabis. Unlike competitors targeting recreational cannabis,...
 |
|
 |  |
 |
|
-
Biotech2 weeks agoGerman Biotech Companies Raise 80 Percent More Capital
-
Crypto2 days agoTRUMP and MELANIA Meme coins: How Presidential Coins Shock Investors
-
Cannabis1 week agoDoes Early Cannabis Use Put Youth at Risk for Addiction – Latest Research
-
Crypto2 weeks agoDogecoin Surges 25% in 2025 as Elon Musk’s Influence Fuels $1 Price Prediction Amid Uncertainty
You must be logged in to post a comment Login