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Uber funding Nigerian startup Moove with up to $100 million — Report
Uber Technologies Inc. is in talks to back African vehicle-financing startup Moove in a funding round of as much as $100 million (R1.93 billion), said people familiar with the matter.
The US ride-hailing firm will join a group of investors in the cash raise, which will push Moove’s enterprise value to about $750 million from a pre-money valuation of about $650 million, said the people, who asked to remain anonymous as the talks are still private.
[Bloomberg]
Uber Technologies Inc. is in talks to back African vehicle-financing startup Moove in a funding round of as much as $100 million (R1.93 billion), said people familiar with the matter.
The US ride-hailing firm will join a group of investors in the cash raise, which will push Moove’s enterprise value to about $750 million from a pre-money valuation of about $650 million, said the people, who asked to remain anonymous as the talks are still private.
[Bloomberg]