SAN FRANCISCO -- Another day, another massive funding round for Uber, the world's most valuable startup. This time, the company is set to raise $2.1 billion in a round that, if finalized, would value the company at $62.5 billion, according to a report Thursday.
Uber, which has already raised more than $10 billion and is currently valued at $51 billion, has closed investments from investment manager T. Rowe Price and hedge fund Tiger Global Management, Bloomberg said. The company, however, is still looking to include funding from strategic investors with similar interests as Uber. The report cites unnamed sources and says that paperwork detailing the latest financing round has been filed in Delaware.
As part of the funding round, Uber is telling potential investors that it now has a gross revenue run rate of over $10 billion globally, the report said. The bulk of that money, however, goes to Uber's drivers. Nonetheless, Uber is also now profitable in more than 80 cities worldwide and has increased U.S. gross revenue by about 200 percent in 2015, Bloomberg claims.
Already, Uber is the highest-valued, venture capital-backed company in the world, but the company is seeking further funding as a way to accelerate its growth beyond just ride hailing. Recently, the company has begun delivering food and parcels in a number of cities. Uber is also said to be to be working on technologies such as self-driving cars.
Additionally, Uber is in a highly competitive space, going against Lyft in the U.S. and international rivals such as Didi Kuaidi in China, Ola in India and GrabTaxi in Singapore. Uber is also perpetually fighting litigation in cities around the world, going up against taxi lobbies that hope to keep the tech company from encroaching on their territory.