Well-funded Uber is in for a fight, especially internationally.

Despite its massive warchest, Uber’s competitors have not ceded the market to the e-hailing giant. In fact, competitors have raked in big funding pulling down $3.2B across 20 deals in the last two quarters.

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These rounds have gone to international competitors like the now-merged Kuaidi Dache and Didi Dache, Singapore-based GrabTaxi, which raised $250M in Q4’14, and India’s Olacabs which raised $210M in Q4’14, $126M in Q1’15, and recently closed a $400M Series E in April (not shown on graph).

The investment activity into car-hailing space excluding Uber is below.

car hailing investment activity ex uber v2

Uber has raised $500 million more than than the $4.95B that the rest of the car-hailing industry has raised worldwide. The funding advantage will provide useful as it looks to fight a global car-hailing battle in countries like China, where Kuaidi Dache controls 98% of the market and India where Olacabs claims to have 70% market share. With these uphill battles and a potential car-hailing alliance being formed by Softbank-backed Olacabs, Kuaidi Dache, GrabTaxi, and a US competitor, it looks like funding to the market will likely intensify.total funding to car hailing companies since 2009 v2

 

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  • http://web-strategist.com/blog Jeremiah Owyang

    Hello there, I’ve been carefully tracking the funding in this space. My records indicate that all the competitors (that’s global competitors) have been funded MORE than Uber.

    Two considerations,

    Firstly, here’s the list of startups below that are competitors which are greater than the list in your post.

    Secondly, I believe you’re counting debt financing in your number, which I don’t count, as it’s not an injection of new cash.

    Dataset: https://docs.google.com/a/crowdcompanies.com/spreadsheets/d/12xTPJNvdOZVzERueyA-dILGTtL_KWKTbmj6RyOg9XXs/edit#gid=1144802793

  • http://www.michaeldempsey.me/ Michael Dempsey

    Hey Jeremiah,

    Thanks for the comment. We didn’t include companies like Luxe Valet or BlaBlaCar in this analysis as they aren’t directly car-hailing applications where you are getting a driver delivered to you in an on-demand fashion.

    We did include debt financing as typically convertible debt investments (like those which Uber raised) are able to be used in the same way as cash, and subsequently should be considered when thinking about comparing “warchests”.

    Thanks for reading!

    Mike