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Uber CEO Confirms his Talks with Investors to Raise Funds

Jul 13 2013, 1:17pm CDT | by , in News | Misc

Uber CEO Confirms his Talks with Investors to Raise Funds

Uber is back to raise funds. The company CEO Travis Kalanick has confirmed that he is talking with investors to raise funds for the company. But he did not reveal the amount of funds.

Uber starts conversations with its investors again. Uber CEO Travis Kalanick has actually confirmed that the negotiations were started two weeks before. Kalanick give his confirmation statement to the Wall Street Journal. But he did not unveil the value of amount to be raised. He said, "I will not comment on valuation. You’ll have to speculate on your own.”

What could be the expected amount to be? Well, two years before, in 2011, Uber nabs $37 million. Now we can expect a lot more than that amount. The company can actually raise 'hundreds of millions of dollars' according to a person with knowledge of the matter.

Image Credit: Getty Images

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