Tech company's valuation to rise to $50billion

Following Uber's decision to raise more funding for its business, investment experts say the move will put them above Facebook, with respect to their valuation.

Sources say the tech company- the world’s most highly capitalised startup is set to get additional funding of about $2billion.

According to investments sources, Uber’s fast growth potential is an attractive focus to investors. The tech company boasts of an expected growth of $2billion this year. A 400% increase. Experts say this is another attractive report investors will be considering.

Uber’s aggressive expansion spans into over 200 markets across the globe.