How Uber Works Uber Business Model & Revenue Model It is a business model is an on-demand transportation service in the taxi industry all across the world https://futureworktechnologies.com/how-uber-works-business-model-revenue-uber-insights/

1. HOW UBER WORKS UBER BUSINESS
MODEL & REVENUE MODEL
Uber business model is an on-demand
transportation service which has brought a
revolution in the taxi industry all across the
world. The business model of Uber has made it
possible for people to easily tap their
Smartphone and have a cab arrive at their
location in the minimum possible time. Uber is
one of those few tech industries in the whole
world that has been valued over $70 Billion.
Uber has already received an equity funding of
$11.56 Billion and is present in 70 countries.

2. Uber Founders, Funding received
and Timeline:
Founders: Travis Kalanick and Garrett Camp.
Company Headquarters: San Francisco,
California, United States.
Funding received by Uber: $11.56 Billion. (As
of April 2017)
Company Valuation: Over $70 Billion.

3. Number of Users: More than 14 Million (as of
2016 end).
Number of registered drivers: 2,90,000 (as of
Dec 2016).
Number of new driver sign-ups: 60,000 every
month.
Average number of daily Uber Trips: 2 Million
(as of Dec 2016).

4. 1. Different cab models to cater to everyone:
Uber has not limited itself to a particular segment of cars
or to a particular segment of people. There is Uber X, Uber
Black for those human who love to travel in a black car,
Uber Taxi for those looking for cost-efficient solutions and
Uber SUV for those who want richness.
2. Surge Pricing Technology:
Imbalance in cab rent according to different situation is an
important aspect of Uber’s business model. Whenever the
demand inclined, per mile cost are automatically increased.
The new cost depends on the number of available drivers
and the number of requests made by human who want to
travel. Uber has applied for a price surge technology patent
in the US.
3. Other Uber rides:
Uber has come a big way from cabs. It now offers boats,
food delivery, goods delivery, grocery delivery, helicopters,
truck, self driving cars as well as some other transportation
means on demand. Uber now launched a delivery service in
San Francisco, motor cycle-pickup service in Paris, and an
ice-cream-truck-delivery service in 8 other cities.

5. How and Why Uber became so successful:
 The problem with local Taxis
 The launch of Uber
 The early adopters
 Word of Mouth advertising
 Main Growth opportunities tapped by Uber

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works-business-model-revenue-uber-insights/