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Reports have revealed that Uber Technologies is looking to raise about $2.1 billion in a financing round that will put the company at a $62.5 billion valuation.
Bloomberg reports that Uber has filed paperwork in Delaware, US which details the fundraising plans.
This financing round is evidence of Uber’s intent to accelerate its expansion globally and diversify its services from just picking up and dropping riders.
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The company has already tested food delivery services and is working on new technology such as self-driving cars.
Uber was launched a little over five years ago and still a privately held company.