Uber Versus the World: Cash Edition

Source: PitchBook

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.)

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While Uber’s list of rivals is long and most of those rivals haven’t had too much trouble raising money, many of the companies share a relatively small number of key outside investors, as The Information has detailed. Given that the Uber’s rivals are losing money at the same rate, or worse, than Uber, those investors could push for consolidation.

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