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I think Uber is getting a good deal out of all these exits 10% in Zomato 27% in Grab 15% in Didi x% in Yandex
by namanaggarwal 7y ago
I think Uber is getting a good deal out of all these exits
10% in Zomato
27% in Grab
15% in Didi
x% in Yandex
- kkcorps 7y agoAcquiring a stake in all the over-valued startups seems like a double-edged sword. The valuation markdown at the time of IPOs of these startups will affect Uber too.
- acd10j 7y agoBut ubereats and other Uber subsidiaries that they sold were themselves over valued, You can see these acquiring a stake as diversification in highly competitive marketplace.
- ulfw 7y agoWithout a doubt. And most of them won’t have the market to get the lofty valuations paid out (which didn’t even work in the best funded market - the US)
- kick 7y agoYandex definitely isn't over-valued. It's undervalued, if anything.
- ulfw 7y agoYea that’s certainly one way of looking at it. The other is “we burned billions trying to win those markets and lost every one of them to a local competitor”
- hayksaakian 7y agowhat if Uber becomes an international holding company for ride sharing businesses? Is that a better or worse future?
- exhaze 7y agoUber lost some markets and won in others (e.g. LatAM, Australia). Also, it's not like Uber spent the money and got nothing for it - it's stake in DiDi is worth more than the amount of money Uber spent in China.
- tybit 7y agoMany companies are facing winner takes all, so if your failures result in getting a significant stake in your competitions businesses, you’re doing pretty well IMO. As much as I’d like that not to be the case for Uber.
- konschubert 7y agoBut Taxis are not a winner-takes-all business. They may be on a city-by-city basis, but not nationally.
- sbmthakur 7y agoI wonder how much stake SoftBank has in each of these.