After the incident, Uber was banned from New Delhi and briefly shut down operations, and the Indian woman who said she was raped sued – one of dozens of lawsuits the company is battling over safety issues and the ways it treats its drivers. (Previous rounds have included undisclosed funders.) Microsoft declined requests for comment. Microsoft and Bennett Coleman have also not confirmed their involvement in Uber’s recent funding round.
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Uber carries the loftiest start-up valuation in an already frothy tech economy, beating out room rental company Airbnb, which is valued at $25 billion, and Snapchat at roughly $15 billion.
Despite its spectacular growth, Uber has faced troubles in many countries. These are new investors to Uber – or at least newly disclosed investors, as reported by PrivCo.
Uber’s valuation continues to soar. Uber, in turn, acquired a stake in Microsoft’s mapping technology and offered employment to 100 employees of Microsoft. The list includes Baidu, China’s biggest search company, and Times Internet, a digital venture of the Times of India Group. A prospectus for a convertible bond offering reported by Bloomberg said that Uber had lost $470 million on $415 million in revenue.
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The two companies have also combined to integrate Uber into Microsofts Cortana voice-controlled assistant so that it can hail an Uber ride for users as a scheduled meeting on their calendar approaches. That round could be closed as soon as next week, the person familiar with the situation said. That followed Uber’s $1.8 billion of financing in the fourth quarter last year, which was almost 28 percent of the total sum – $6.3 billion – invested in the valley during that period, and a $1.2 billion round in the summer of 2014.
