Uber has set records for fundraising in the private tech markets, but the rest of the world has more than kept up. In the past four years, Uber raised a little more than $17.4 billion, including loans. All other ride-hailing and carpooling companies have collected around $19 billion, according to data compiled by PitchBook and The Information.
That means even if Uber’s rivals in different countries around the world are less efficient and lose more money, most still have enough capital to keep fighting for some time. (See chart above.)