Start-ups worldwide are trying to topple Uber — and this year the stakes are higher than ever [CNBC]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: CNBC
Courtesy: Grab Grab co-founders Tan Hooi Ling (left) and Anthony Tan celebrate the start-up's fifth anniversary. If you read the headlines, Uber had a very bad year — but while its reputation took a hit, it managed to hang on to its spot as one of the most valuable start-ups in the world. It ranks second in the 2018 CNBC Disruptor 50 list released Tuesday, with a valuation of $69.6 billion, according to PitchBook. Its still-sky-high valuation shows just how much money investors see in the ride-hailing business. Uber's not the only one that scored more cash over the past year. Grab got the largest single financing round in Southeast Asia in 2017 . CapitalG, an investment arm within Google parent Alphabet, led a funding round of at least $1 billion for Lyft. Didi Chuxing raised more than $4 billion in its latest round of funding. So it's not surprising all four of these companies are in the top 10 in this year's Disruptor 50 list.
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