A few days ago, Uber published its results accounts, where it could be seen that the firm's revenue is around $11.3 billion and that it has had a loss of $1.8 billion during the 2018 period.<\/p>\n
These are quite high figures that call into question the sustainability of the business model, however, the way to achieve profitability for Uber seems clear: grow fast.<\/p>\n
Due to the lack of time, and knowing that the IPO is expected during 2019, Uber looks set to continue to pursue a growth model based on acquisition of companies<\/a>.<\/p>\n In this post we will see what kind of companies it is acquiring lately and what is the strategy behind each of these specific actions.<\/p>\n Acquired on 26 March 2019 for $3,100M, it is the Uber's largest mobility company competitor<\/strong> in the Middle East, by the end of 2018 it had more than 30 million users<\/strong> distributed in 120 cities<\/strong> Middle East.<\/p>\n This acquisition is highly relevant as it marks Uber's strategy for growing in the Middle East<\/strong>This may seem normal given that one of Uber's biggest investors is Saudi Arabia's own sovereign wealth fund.<\/p>\n This strategy clashes completely with Uber's divestments in China and Southeast Asia.<\/p>\n Jump Bikes es una empresa centrada en el motosharing and bikesharing business<\/strong> which currently operates in the US, Germany and Portugal.<\/p>\n The company was bought in April 2018 by $200M <\/strong>with the aim of expanding its area of action all over Europe<\/strong> and to be able to offer a cross-selling<\/strong> from Uber's own app to offer the full range of urban mobility to customers.<\/p>\n<\/span>Careem<\/strong><\/span><\/h3>\n
<\/span>Jump Bikes<\/strong><\/span><\/h3>\n
<\/span>Otto<\/strong><\/span><\/h3>\n