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Uber valued at nearly $51B after funding: Report

Uber valued at nearly $51B after funding: Report


Ride sharing company Uber has reached a valuation of nearly $51 billion after its most recent funding round, The Wall Street Journal reported Friday, citing sources.

The San Francisco-based company raised close to $1 billion in the round from Microsoft (NASDAQ: MSFT) and the investment arm of Indian media company Bennett Coleman, among other backers, sources told the paper. The reported Uber valuation would equal Facebook (NASDAQ: FB)'s previous record for a venture-backed start-up.

Uber's influx would bring its total funding to more than $5 billion. The Journal reported in May that Uber told investors it intended to raise between $1.5 billion and $2 billion.

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Uber did not immediately respond to CNBC's request to comment.

Read More Uber to plow $1B into India investment drive

The start-up has looked to sharpen its online maps capabilities, and Microsoft has experience in that area, The Journal reported. Microsoft declined to comment to CNBC.

The valuation would also top the market capitalization of 82 percent of S&P 500 (INDEX: .SPX) companies. It would make Uber about as big as General Motors (NYSE: GM) and larger than Netflix (NASDAQ: NFLX).



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