Uber looks to pick up another $1 billion in equity: FT

(Reuters) - U.S. taxi service firm Uber said it is in early talks with investors to raise money at a higher valuation than $17 billion it secured with June's round of funding, Financial Times reported on Friday citing people familiar with the matter. Uber is planning to raise at least $1 billion more in capital from its existing investors, which includes Blackrock, TPG, Google Ventures and Menlo Ventures, and new funds from beyond Wall Street and Silicon Valley, especially in Asia, FT reported. Google Ventures is a capital investment arm of Google. ...

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