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Uber, the lead name among unicorn startup lists, has amassed lots of wealth from funding and operating income valuing the startup at $62.5billion. Travis Kalanick admits to getting pressure from investors and other tech moguls to file for an IPO. However, Mr. Kalanick feels the company is still in its early stage and still learning. Thus, Uber may not be rushing into an IPO anytime soon though it has the potential to break Alibaba’s record IPO funding. In recent years, the top tech unicorns including; Uber, Xiaomi, Snapchat, Airbnb and a host of others have being reluctant to file for an IPO but considering the large amount of fundings these unicorns raise, it is understandable if they choose to remain private for some extra years. Uber has not made any major company acquisitions yet.
Travis Kalanick does not like the description of Uber as a company in the on-demand industry but prefers Uber to be recognized as a company in the logistics industry and as such, the company launched a food delivery startup UberEats. In view of this, here is a list of startups Uber should consider buying to boost its revenue and management.
1) Roadie: There is always someone leaving here to go there. Roadie is a shipping startup which is competing with big names like Fedex and UPS. Started by the founder of Kabbage, Marc Gorlin, Roadie pays travelers heading to a particular place with an extra space in their cars, to make a same-day delivery of goods and services. Backed by musician, Ludacris, the company has raised over $10m in funding from Eric Schmidt’s Tomorrow Ventures, Warren Stephens and many notable venture capitalists.
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