Report: Uber Valued at About $51 Billion After Latest Funding Round

TransportationReuters

Online taxi-hailing company Uber Technologies Inc has closed a new round of funding that values the company at close to $51 billion, the Wall Street Journal reported, citing people familiar with the matter.

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Uber raised close to $1 billion in the round, bringing its total funding to more than $5 billion, WSJ reported on Friday, citing one of the people. (http://on.wsj.com/1guj46w)

Investors in the latest round include Microsoft Corp and the investment arm of Indian media conglomerate Bennett Coleman & Co, WSJ added.

Uber and Bennett Coleman could not immediately be reached for comment.

Microsoft declined to comment.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Saumyadeb Chakrabarty)