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May 16, 2014 01:00 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/xm8cHD3Tjqo/
Uber Reportedly in Talks to Raise Funding at $10 Billion Valuation
Uber may be on the road to an 11-digit valuation.
The ride-hailing startup is in talks to raise a new round of funding at a $10 billion valuation, according to a Bloomberg report Thursday. The amount the startup is looking to raise is said to be less than $1 billion.
See also: 10 Startups to Watch in 2014
Reps for the company did not immediately respond to our request for comment.
If the report is accurate, it would represents a sharp increase in the company's valuation in just more than six months. Uber raised $258 million round of funding last summer, which reportedly valued the company at $3.5 billion Read more...
More about Funding, Startups, Uber, and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/xm8cHD3Tjqo/
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