Another month, another billion for Uber... The ride-hailing business is reportedly raising yet again - planning to raise close to $1 billion in new investment according to the NYT citing "people close to the matter", with investors looking at a valuation of between $60 billion and $70 billion for the six-year-old startup.
It's also been spending big on trying to crack specific international markets, such as the Chinese market, where it faces some fast growing local competition - raising around $1.2 billion last month to fuel its growth there, and another $1 billion in July focused on India .
The company has also signaled its ambitions go beyond getting people from A to B, with merchant delivery programs , such as food delivery and a same-day courier service , being piloted and soft launched in various cities.
