{"id":26269,"date":"2017-04-20T14:22:35","date_gmt":"2017-04-20T08:52:35","guid":{"rendered":"http:\/\/officechai.com\/?p=26269"},"modified":"2017-04-20T14:22:35","modified_gmt":"2017-04-20T08:52:35","slug":"heres-much-money-uber-burnt-8-years-existence","status":"publish","type":"post","link":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/","title":{"rendered":"Here’s How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence"},"content":{"rendered":"

 <\/p>\n

Uber is, quite simply, the most valuable startup in the world. It’s worth $70 billion, and operates in 75 countries around the globe. In 8 short years, Uber has provided employment to millions, forced\u00a0governments to change\u00a0regulations, and disrupted\u00a0the entire\u00a0taxi industry.<\/span><\/p>\n

But this growth has come at a price.<\/span><\/p>\n

\"Uber's<\/p>\n

Uber has burnt through $8 billion in the eight years of its existence, the company has just\u00a0revealed<\/a><\/span>. That’s over 50,000 crore spent on acquiring customers,\u00a0subsidizing rides and entering new markets. Rs. 50,000 crore is\u00a0an extraordinary amount of money for a private company — Uber’s annual\u00a0burn is more than the annual budget of the Indian space program. Uber also burns more in each year than the entire Aadhar card scheme has spent in its lifetime.\u00a0<\/span><\/p>\n

[visualizer id=”26271″]<\/span><\/p>\n

While these numbers\u00a0would make investors queasy, Uber’s been showing results too, even if it hasn’t been making money. Even into its 8th year, Uber’s growing very much like a startup. Its gross bookings, or the sum of all fares, rose 126% in 2016 to touch $20 billion (Rs. 130,000 crore).\u00a0<\/span><\/p>\n

[visualizer id=”26273″]<\/span><\/p>\n

Uber, of course, doesn’t get to keep all of this money. A large percentage goes to the drivers, while Uber keeps a 20-30% commission. On top of that, Uber needs to pay salaries to its 6,700 employees, conduct marketing events, and even discount fares. And it’s not left with a lot once that’s done.<\/span><\/p>\n

Uber’s net losses last year were $2.8 billion (Rs. 18,200 crore). This didn’t include the losses in its China unit, which it ultimately sold to Didi in exchange for an 18% stake in the combined entity. Uber says that its losses in China alone were another $1 billion, taking its total losses for the year to $3.8 billion (Rs. 24,700 crore).<\/span><\/p>\n

\u00a0Uber’s tightrope walk<\/span><\/h2>\n

Uber’s playing a high-stakes, high-rewards game. Thus far, it has the results to show for all the money it’s been spending — while it’s suffered reverses in some markets, notably Italy and Denmark, it still operates in a staggering 570 cities worldwide. Investors have been willing to fund its breakneck expansion. Even after burning through\u00a0$8 billion, Uber has $7 billion of cash in the bank, and a $2.3 billion line of credit. But challenges remain — there have been questions about its work culture, and threats of competitors and regulations. Uber has shown remarkable resilience in coming out of these controversies unscathed – like a cat with 9 lives, it stumbles from disaster to disaster, always managing to land on its feet. But with mounting losses, and increasing burn rates, it’ll have to keep up its extraordinary performance for a little while longer – the slightest misstep could lead to disaster.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

  Uber is, quite simply, the most valuable startup in the world. It’s worth $70 billion, and operates in 75 countries around the…<\/p>\n","protected":false},"author":1,"featured_media":26275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[254,46],"tags":[],"class_list":["post-26269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","category-stories"],"yoast_head":"\nHere's How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here's How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence\" \/>\n<meta property=\"og:description\" content=\"  Uber is, quite simply, the most valuable startup in the world. It’s worth $70 billion, and operates in 75 countries around the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/\" \/>\n<meta property=\"og:site_name\" content=\"OfficeChai\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OfficeChai\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-20T08:52:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"621\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"OfficeChai Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OfficeChai\" \/>\n<meta name=\"twitter:site\" content=\"@OfficeChai\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"OfficeChai Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/\",\"url\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/\",\"name\":\"Here's How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence\",\"isPartOf\":{\"@id\":\"https:\/\/officechai.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1\",\"datePublished\":\"2017-04-20T08:52:35+00:00\",\"author\":{\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/5861f1134993293cc28905de7624d6b2\"},\"breadcrumb\":{\"@id\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1\",\"width\":621,\"height\":414},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/officechai.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here’s How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/officechai.com\/#website\",\"url\":\"https:\/\/officechai.com\/\",\"name\":\"OfficeChai\",\"description\":\"Startups, Businesses And Careers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/officechai.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/5861f1134993293cc28905de7624d6b2\",\"name\":\"OfficeChai Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officechai.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/61d744733248dc647d505d0676bb425323413132ee5447e86aa8eecbbb7b27d5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/61d744733248dc647d505d0676bb425323413132ee5447e86aa8eecbbb7b27d5?s=96&d=mm&r=g\",\"caption\":\"OfficeChai Team\"},\"description\":\"Dotting the i's, crossing the t's.\",\"url\":\"https:\/\/officechai.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Here's How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/","og_locale":"en_US","og_type":"article","og_title":"Here's How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence","og_description":"  Uber is, quite simply, the most valuable startup in the world. It’s worth $70 billion, and operates in 75 countries around the...","og_url":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/","og_site_name":"OfficeChai","article_publisher":"https:\/\/www.facebook.com\/OfficeChai\/","article_published_time":"2017-04-20T08:52:35+00:00","og_image":[{"width":621,"height":414,"url":"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1","type":"image\/jpeg"}],"author":"OfficeChai Team","twitter_card":"summary_large_image","twitter_creator":"@OfficeChai","twitter_site":"@OfficeChai","twitter_misc":{"Written by":"OfficeChai Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/","url":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/","name":"Here's How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence","isPartOf":{"@id":"https:\/\/officechai.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#primaryimage"},"image":{"@id":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1","datePublished":"2017-04-20T08:52:35+00:00","author":{"@id":"https:\/\/officechai.com\/#\/schema\/person\/5861f1134993293cc28905de7624d6b2"},"breadcrumb":{"@id":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#primaryimage","url":"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1","contentUrl":"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1","width":621,"height":414},{"@type":"BreadcrumbList","@id":"https:\/\/officechai.com\/stories\/heres-much-money-uber-burnt-8-years-existence\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/officechai.com\/"},{"@type":"ListItem","position":2,"name":"Here’s How Much Money Uber Has Burnt Through In The 8 Years Of Its Existence"}]},{"@type":"WebSite","@id":"https:\/\/officechai.com\/#website","url":"https:\/\/officechai.com\/","name":"OfficeChai","description":"Startups, Businesses And Careers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/officechai.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/officechai.com\/#\/schema\/person\/5861f1134993293cc28905de7624d6b2","name":"OfficeChai Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/officechai.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/61d744733248dc647d505d0676bb425323413132ee5447e86aa8eecbbb7b27d5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/61d744733248dc647d505d0676bb425323413132ee5447e86aa8eecbbb7b27d5?s=96&d=mm&r=g","caption":"OfficeChai Team"},"description":"Dotting the i's, crossing the t's.","url":"https:\/\/officechai.com\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2017\/04\/X3ZD620I-khPC-621x414%40LiveMint-1.jpg?fit=621%2C414&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p685C6-6PH","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/posts\/26269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/comments?post=26269"}],"version-history":[{"count":3,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/posts\/26269\/revisions"}],"predecessor-version":[{"id":26277,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/posts\/26269\/revisions\/26277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/media\/26275"}],"wp:attachment":[{"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/media?parent=26269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/categories?post=26269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officechai.com\/wp-json\/wp\/v2\/tags?post=26269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}