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Uber has raised $500 million more than than the $4.95B that the rest of the car-hailing industry has raised worldwide

EXECTECH

  • The funding advantage will provide useful as it looks to fight a global car-hailing battle.
  • For example, in China, Kuaidi Dache controls 98% of the market
  • In India, Olacabs claims to have 70% market share.
  • With these uphill battles and a potential car-hailing alliance being formed by Softbank-backed Olacabs, Kuaidi Dache, GrabTaxi, and a US competitor, it looks like funding to the market will likely intensify over the coming 12-18 months.

total-funding-to-car-hailing-companies-since-2009-v2

Source: CB Insights

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