Billion Dollar Uber [Infographic]

Will Stadtman https://www.unboxingdeals.com 4m 1,059 #uber

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

All You Need To Know About Uber

If you are not familiar with the word, Uber by now then you must be living in a shell. The world’s largest cab service is currently worth more than most global automobile giants and the amazing part is that Uber does not own any of the vehicles that run on the streets under his name.

So, how big actually is Uber? Let’s try to find out. Shall We?

Uber was founded in the year 2009 by Garett Camp and Travis Kalanick and since its inception it has received the funding of a whopping $14.11 billion in 16 rounds by 56 investors. In the year 2015, the taxi giant acquired deCarta, a company that offers geospatial software platforms. These software power internet, mobile, personal navigation and location based service applications. Along with deCarta, Uber also acquired a part of Bing’s mapping assets and is on the road to absorb approximately a hundred Microsoft employees.

If that doesn’t give you an idea of the might of Uber, then consider the fact that by late 2015, Uber was worth $62.5 billion, which is higher than the net worth of BMW, Ford, Honda, GM, and Nissan.

Moreover, Uber is active in 467 cities across the globe and has a strength of more than 6700 employees under its various chains. Approximately 1400 plus rides get booked on Uber every minute and the total number of rides has surpassed the billion mark in the year 2015.

If the statistics are to be believed, the entire cab services market in San Francisco, USA is worth $140 million per year and on the other hand, Uber’s revenue in the same market is $500 million a year. This is more than 3 times the size of the entire taxi services market.

Amazed yet? To know more about the largest taxi service provider in the world, check out the infographic below.

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UBER STORY

• Uber is a mobile app connecting passengers with drivers for hire.
• Founded on March 2009; 7 years ago.
• Uber is a German word meaning “over”.
• Headquarters in San Francisco, California, U.S.

Uber was founded by Garrett Camp, the founder of StumbleUpon, and Travis Kalanick in 2009

FUNDING RECEIVED BY UBER

$14.11 BILLION

IN

16 ROUNDS

FROM

56 INVESTORS

DATE / ROUND / AMOUNT

June, 2016 Private Equity $3.5B

Feb, 2016 Private Equity $200M

Jan, 2016 Private Equity $2B

Sep, 2015 Private Equity $1.2B

Aug, 2015 Private Equity $100M

Jul, 2015 Series F $1B

Feb, 2015 Series E $1B

Jan, 2015 Debt Financing $1.6B

Dec, 2014 Series E $600M

Dec, 2014 Series E $600M

Dec, 2014 Series E $1.2B

Jan, 2014 Series D $1.4B

Aug, 2013 Series C $258M

Dec, 2011 Series B $37M

Feb, 2011 Series A $11M

Oct, 2010 Angel $1.2M

Aug, 2009 Seed $200K

UBER’S ACQUISITIONS

Uber acquires deCarta on March, 2015 for Unknown Amount – deCarta provides geospatial software platforms that power Internet, mobile, personal navigation, and location-based service applications.

Uber Acquires Part Of Bing’s Mapping Assets, Will Absorb Around 100 Microsoft Employees

BY LATE-2015, UBER WAS ESTIMATED TO BE WORTH $62.5 billion WHICH IS HIGHER THEN THESE CAR BRANDS

BMW $60.4 BILLION

FORD $54.2 BILLION

HONDA $51.1 BILLION

GM $49.6 BILLION

NISSAN $42.9 BILLION

UBER’S BIGGEST COMPETITORS IN THE WORLD

US: Lyft, Via, Sidecar, Flywheel, Curb

FRANCE: Blablacar, Lecab

GERMANY: Blablacar, Blacklane

CZECH REPUBLIC: Liftago

RUSSIA: Gett

CHINA: Didi Kuaidi, Yidao yongche, Shenzhou zhuanche, AA carpool

UK: Grett, Hailo

SPAIN: Cabify

TURKEY: Bitaski

ISRAEL: Gett

MEXICO: Easy taxi, Cabify

COLOMBIA, BRAZILA: Easy taxi

NIGERIA, KENYA, SOUTH AFRICA: Easy taxi

UAE: Careem, Easy taxi

SOUTH KOREA: Hailo, Easy taxi, Limo taxi

SINGAPORE, MALAYSIA, PHILIPPINES, THAILAND, VIETNAM & INDONESIA: Easy taxi, Grab taxi

AUSTRALIA: Ingogo, Gocatch

• Total employees: 6700+
• Uber is in 467 Cities worldwide and increasing
• Uber 1400+ Rides per minute
• Total number of Uber Trips Taken: 1 Billion+
• 1 Billionth trip took place on 12-24-15

According to Uber CEO Travis Kalanick, the whole taxi market in San Francisco is about $140 million per year & Uber’s revenues in San Francisco, meanwhile, are now running at $500 million per year. That’s more than 3-times the size of the taxi market.

• Uber earn 20% of a ride.
• Every month 50,000 new driver sign-ups.
• 50% of U.S. Uber driver-partners, on average, drive fewer than 10 hours a week.
• 61% of driver-partners have full-time or part-time careers outside of Uber.
• Driver-partners hold many different jobs, including: professional football player, university president, musician, firefighter, actress, high school teacher, graphic designer, and orphanage founder.
• 87% of Uber drivers said a major reason they drive on the Uber platform is to be their own boss and set their own schedule.
• Number of Uber Drivers with military backgrounds: 10,000+
• Nearly 1 in 3 New Uber Drivers in the U.S. are Female.
• 20% of Uber drivers are women.
• Uber has pledged to have 1,000,000 women drivers by 2020.
• Uber has also pledged to take 1,000,000 cars off the road in New York City with their UberPOOL carpool program.
• Cars can be no more than 10 years old

OTHER PRODUCTS BY UBER

• UBER EATS: Hungry to Happy in 10 minutes.
• UBER RUSH: On-demand delivery, right when you need it.
• UBER POOL: UberPOOL matches two riders
  • with up to one friend each
  • headed in the same direction, allowing them to share a trip for a cheaper fare
• UBER MOTO: Motobike Taxi Service.
• UBER FRESH: Lunch delivery Service.
• UBER CHOPPER: Helicopter Rides.
• UBER X: Private Car Services.
• UBER KITTEN: Delivering adoptable kittens to your door step.

HOW EXACTLY UBER WORKS

1. Request a cab

The first step in the business model of uber is about creating a demand. People have a smartphone app which lets them request a cab instantly or schedule it for some time later.

2. Matching

As soon as the request is made, a notification about your details is sent to the nearest driver. Cab driver has the option to accept or reject the ride. In case he rejects, notification is sent to another driver in the area.

3. Ride

Customer can track the cab when it is arriving and the ETA is also shown to the customer. The meter starts as soon as the customer sits in the cab which can be tracked through the customer side app as well. Friendly drivers make sure that the ride is comfortable for the passenger.

4. Payment & Ride

Once the ride is over, customer gets an option to rate the driver. Rating system is an important part of Uber’s business model as it lets a person know about the driver before booking a ride and helps him trust the driver.

UNBOXING DEALS

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