A shareholder of Alfa-Bank Ukraine became an investor of Uber

A shareholder of Alfa-Bank Ukraine became an investor of Uber

22.04.2016 News

A shareholder of Alfa-Bank Ukraine became an investor of UberThe LetterOne Holding (L1), one of whose shareholder is the billionaire Mikhail Fridman (who was born in Lviv, and who is one of the shareholders of Alfa-Bank Ukraine), invested $ 200 million in Uber  taxi service. This is stated in the message of LetterOne.

“I am very pleased with our strategic partnership with Uber. As an investor with experience in the banking and telecommunications, retail and energy, as well as having knowledge of work in developing and emerging markets, we believe that Uber management has the necessary knowledge  and capacities  to build successful technology business “, – said Friedman.

In general, L1 is exploring the possibility of investing of $ 3.2 billion in technology projects in the later stages in the next few years. The company’s goal is to invest about $ 100-500 million per project.

In early January 2016 with reference to the information source, Uber was valued at $ 62.5 billion for the new round of investment. In the beginning of December, The Wall Street Journal wrote that Uber has attracted $ 2.1 billion during the next round of funding, the entire company was valued at $ 64.6 billion. Among the investors, there were the Tiger Global Fund and the T. Rowe Price Group American company. Earlier the edition reported that in July 2015 the startup raised $ 1 billion, based on the evaluation of the whole company at $ 51 billion.

Uber is an international technology company that develops mobile taxi service  with a personal driver. The company provides its services in 360 cities in 64 countries.

LetterOne Holding was founded in 2013. The company has assets under management, amounting to $ 25 billion and invests in oil and gas and telecommunications industries. Previously it was also reported about the LetterOne’s  interests  to invest in Brazil.

Source: delo.ua

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