The highest valued Billion Dollar Unicorn Uber recently approved SoftBank’s offer to invest $10 billion in a package deal that values it at a tiered valuation of $48 billion and $68.5 billion. SoftBank this year has invested over $25 billion in companies all over the world through its $98 billion Vision Fund, the largest tech fund ever.

Uber’s Financials

Founded in 2009 by Travis Kalanick and Garrett Camp in San Francisco, Uber has now grown to nearly 500 cities in 76 countries. It earns revenues in the form of transaction fees for every ride booked through its app. Analysts estimate that it charges a 20% fee on the fare.

Uber does not disclose its financials publicly. However, according to a Bloomberg report based on a tender offer document sent to shareholders, Uber’s net revenue in the third quarter of 2017 was $2.01 billion, up 20% q-o-q and gross bookings were up 11% q-o-q to $9.71 billion. GAAP loss was $1.46 billion, up from $1.06 billion in Q2 2017. Non GAAP gross profit was $749 million. Uber’s net revenue in 2016 was $6.45 billion while net loss was $319 million. Loss from operations was $3 billion with total cost and expenses at $9.42 billion.

Uber has raised $11.5 billion so far in venture funding from investors including Saudi Arabia’s Public Investment Fund, Morgan Stanley, AITV, Baidu, Benchmark, Bennett Coleman and Co, BlackRock, CrunchFund, Cyan Banister, Data Collective, Fidelity Investments, First Round, Foundation Capital, Founder Collective, Garrett Camp, Goldman Sachs, GV, HDS Capital, Innovation Endeavors, Jeff Bezos, Kleiner Perkins, Lone Pine Capital, Lowercase Capital, Menlo Ventures, Microsoft, New Enterprise Associates, Sherpa Capital, Summit Partners, Techstars Ventures, TPG Growth, Tusk Ventures, Valiant Capital Partners, and Wellington Management. Its valuation has grown astronomically from $3.5 billion in 2013 to $68.5 billionin June 2016 when it had raised $3.5 billion.