Inside Uber: From 2009 to Now Into a ~$22.2 billion business
Founders: Garrett Camp, Travis Kalanick
Founded Year: 2009
Investors: SoftBank Vision Fund, Benchmark Capital, Saudi Arabia Public Investment Fund
Funding Raised: ~$22.2 billion
What Is the business model of Uber?
Ride-hailing and delivery platform that takes a commission from each ride or order
How Uber got started?
Inspired when Camp and Kalanick struggled to find a taxi in Paris in 2008, they launched UberCab to hail rides via smartphone
what growth strategy has Uber followed?
Pursued aggressive global expansion despite legal issues), heavily subsidizing rides and recruiting drivers to rapidly grow
what are the top products/features of Uber
Uber ridesharing app, Uber Eats food delivery, Uber Freight logistics
what was the biggest challenge faced by Uber?
Encountered regulatory bans and protests worldwide, and internal scandals leading to the CEO’s ouster in 2017