10 Unique Business Models

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Launched: 2009

Founders: Travis Kalanick and Garrett Camp

Uber is an American international company headquartered in San Francisco, California, which helps in operating, developing, and marketing the mobile-app-based transportation system network. Uber app allows customers to send or submit a visit request that is routed to crowd-sourced taxi drivers.

In 2014, the corporate experimented with on-line food orders, pilot testing uberFRESH in Santa Monica, California. In April 2014, Uber declared a messenger package delivery service referred to as UberRush, with pickup from anyplace in Manhattan

The startup declared a brand new carpooling service referred to as UberPool at the beginning of August 2014, once it had already started a beta testing innovate city Bay space. UberPool matches traveler with another traveler traveling within the same direction—the app can tell you the initial name of the opposite rider. If no match is found in the direction customer is travelling, riders are offered a reduction on an everyday Uber trip.

The corporate received investment funding in late 2010 from 1st spherical Capital and a group of super angel investors in Silicon Valley that enclosed Chris Sacca. In late 2011, Uber raised a further $32 million in funding from different investors, for which the sum came upto the total funding to $49.5 million. Google investors equipped $258 million in 2013.By the next year 2014 Uber had gone up with funding count of US$1.2 billion from a vast variety of investors like, sovereign wealth fund, Qatar Investment Authority etc.

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