Uber

Uber

Global platform for ride-hailing and logistics

About Uber

Simplify's Rating
Why Uber is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Automotive & Transportation

Consumer Software

Company Size

10,001+

Company Stage

IPO

Total Funding

$15.4B

Headquarters

San Francisco, California

Founded

2009

Overview

Company Historically Provides H1B Sponsorship

Uber connects people and goods through its global platform, offering services in ride-hailing and logistics. Users can request rides or deliveries via the app, which matches them with drivers or delivery personnel. The company operates on a commission-based model, earning revenue from ride fares, delivery fees, and service charges. What sets Uber apart from its competitors is its wide range of services, including freight and essential goods transportation, along with a strong focus on safety through driver background checks and real-time verification. The goal of Uber is to continuously expand its offerings and improve the user experience in transportation and delivery.

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Funded Recently
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Simplify's Take

What believers are saying

  • Growing demand from 'Zillennials' who prefer access over ownership.
  • Strong growth in Uber One membership, adding 5 million users recently.
  • Potential expansion into robot delivery services on college campuses.

What critics are saying

  • Rising rideshare costs may decrease demand for Uber's services.
  • Intensifying competition in autonomous vehicles from companies like Stellantis and Lyft.
  • Legal battles, such as the racketeering lawsuit, could harm Uber's reputation.

What makes Uber unique

  • Uber's global platform offers diverse services beyond traditional ride-hailing.
  • Commitment to safety with driver background checks and real-time verification processes.
  • Expanding services into freight deliveries and essential goods transportation.

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Funding

Total Funding

$15358.9M

Above

Industry Average

Funded Over

15 Rounds

Notable Investors:
Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

401(k) Company Match

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
PYMNTS
Feb 20th, 2025
Stellantis Debuts System To Handle ‘Routine Driving Tasks’ For Motorists

Carmaker Stellantis wants you to be able to watch movies when behind the wheel.To that end, the company on Thursday (Feb. 20) announced the launch of STLA Autodrive, its home-built automated driving system that lets motorists reduce their workload in stop-and-go traffic, allowing for automated driving at speeds of up to 37 mph.This allows drivers to “temporarily engage in non-driving tasks” like watching a movie, catching up on emails, reading or just looking out the window, the company said.“Helping drivers make the best use of their time is a priority,” Stellantis Chief Engineering and Technology Officer Ned Curic said in a news release.“By handling routine driving tasks, STLA AutoDrive will enhance the driving experience, making time behind the wheel more efficient and enjoyable.”According to the release, drivers will be notified that STLA Autodrive is available “when traffic and environmental conditions align.” Once activated, the system takes over, keeping at safe distances, adjusting speed, and managing steering and braking based on traffic flow.The company says it is working on advancements that could allow the system to operate at speeds approaching 60 mph, with “enhanced off-road automation” for select models.In other autonomous vehicle (AV) news, Lyft last week detailed its plans to launch self-driving robotaxis in Dallas next year, with additional markets to follow.The vehicles will be owned and financed by Marubeni, a Japanese fleet management company, and outfitted with Mobileye’s self-driving technology. Lyft says it plans to scale the service to thousands of vehicles throughout multiple cities.“AVs will be a transformational addition to the marketplace,” said Lyft CEO David Risher. “We’ll start in Dallas and we do expect to move into other markets.”The move comes as Lyft seeks to tap into the burgeoning autonomous vehicle market, amid competition from Uber and Tesla, both of which have similar initiatives in the works.Uber said recently it sees the AV market reaching $1 trillion territory, while Tesla’s Cybercab is set to begin volume production in 2026, the company said in its latest earnings report.“There is a path where Tesla is worth more than the next top 5 companies combined. There’s a path to that. It is difficult, but achievable,” Tesla CEO Elon Musk told investors last month

PYMNTS
Feb 19th, 2025
Report: Rising Cost Of Rideshare Services May Cause Lower Demand

The rising cost of rideshare services may lead to lower demand, according to a report released Tuesday (Feb. 18) by gig worker app provider Gridwise. The report found that the median price for rideshare services (excluding tips) rose 7.2% in 2024 after increasing by 7.6% in 2023. “These trends reflect inflationary pressures, adjustments in base fares, and higher operational costs, including fuel and vehicle maintenance,” the report said

PYMNTS
Feb 19th, 2025
Olipop Leads Cpg Sector Into ‘New Wave’ Of Digital Transformation

The landscape of consumer-packaged goods (CPG) has changed dramatically in the past decade. What once seemed like an unbreakable monopoly of giants like Coke, Pepsi, and Colgate-Palmolive, is now a hotbed of innovation. New brands are rising through the ranks by directly engaging with customers in new ways. At the heart of this transformation is Craig Shapiro, co-founder and managing director of Collaborative Fund, an investor who has been guiding startups in breaking down traditional barriers and leveraging the latest digital tools. Shapiro’s insights into the power of direct-to-consumer (D2C) models, artificial intelligence (AI)-driven personalization, and the importance of community reveal a new blueprint for success in the consumer goods market

PYMNTS
Feb 16th, 2025
Uber Takes Doordash To Court Over ‘Coercive’ Restaurant Tactics

Uber is accusing DoorDash of “coercive” behavior in a new lawsuit against its delivery rival.The suit, as reported Friday (Feb. 14) by The Wall Street Journal (WSJ), alleges that DoorDash pushes restaurants to work exclusively with its delivery service, threatening higher commission rates for establishments that also use Uber Eats.“DoorDash’s coercive tactics reduce restaurant-customer and consumer choice, resulting in higher prices, lower-quality service, and decreased innovation,” Uber said in the filing, per the WSJ report.DoorDash told the media outlet that other restaurants have returned to its service after trying alternatives, and that Uber’s case had no merit.“Their claims are unfounded and based on their inability to offer merchants, consumers, or couriers a quality alternative,” the company said.According to WSJ, the complaint alleges that Uber had on more than one occasion provided direct delivery services to restaurants until DoorDash stepped in.In one case, the suit alleges, a large restaurant company suddenly canceled long-running plans to have Uber offer direct delivery services once DoorDash said it would raise commissions for handling the restaurant group’s marketplace orders.The suit also says DoorDash had threatened to hike commission rates on another restaurant by 30% for each marketplace order, and claimed that working with Uber would cost restaurants tens of millions of dollars in added DoorDash fees. Uber said this led it to lose millions of dollars in business.As the WSJ report notes, companies like DoorDash flourished during the pandemic, but many companies have struggled to generate revenue since then. Last year, Grubhub was sold by owner Just Eat Takeaway for a fraction of its original purchase price.The report, citing numbers from data firm Earnest Analytics, said that DoorDash commanded a 63% share of the national delivery market last year, followed by Uber at 25% and Grubhub at 6%.The news comes days after DoorDash released quarterly earnings showing a growing number of consumers ordering from both its restaurant and retail partners.As of December of last year, 25% of the company’s monthly active users were placing orders with retailers that included grocers, health and beauty suppliers and home improvement stores.“The utility that comes from great digital experiences and a high-quality last-mile logistics network that can deliver goods from every merchant in your community — as perishable as ice cream or french fries, as delicate as orchids or crickets, as bulky as mulch or lawnmowers, as valuable as iPads or big screen TVs — has increasing usefulness and enduring value,” DoorDash co-founder and CEO Tony Xu wrote in a shareholder letter.Meanwhile, Uber recently reported a surge in its Uber One membership program, which added 5 million users during the most recent quarter, bringing total members to 30 million

PYMNTS
Feb 12th, 2025
Zillennials Choose Access Over Car, Home Ownership

While their millennial peers may have been the first to embrace subscription services and gig economy jobs, zillennials (born between 1991-1999) are redefining ownership altogether. Unlike older generations, the idea of purchasing a car or house is a major challenge, thanks largely to the financial burdens associated with down payments. Zillennials Face Down Payment HurdlesAccording to a recent PYMNTS Intelligence report, “Zillennials’ Transportation Choices May Have Future Down Payments in Mind,” nearly 14% of zillennials identify saving for a down payment as the primary obstacle in buying a car, compared to just 9.5% of millennials. In the housing market, this barrier is more pronounced: 24% of zillennials cite the down payment as their biggest challenge to homeownership. This struggle underscores the rising cost of living, stagnant wages, and higher prices of major purchases. On top of financial hurdles, many zillennials simply don’t view ownership the same way as previous generations

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