Venture Capital

For Uber, A Quiet Investor Becomes A Sudden Thorn | Business Standard News

by business-standard.com posted 3years ago 132 views
Benchmark invested in Uber in 2011, putting in an initial $12 mn at a valuation of around $60 mn. : For the past week, Uber’s board members have been embroiled in conversations over a thorny question: what to do about Benchmark, the venture capital firm that is one of the ride-hailing company’s largest shareholders. While Benchmark had long supported Uber’s management, the investor had recently turned against the company’s top echelons. In June, Benchmark helped oust Uber’s co-founder, Travis Kalanick, as chief executive.

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