Update: The investors in the round include Middle East sovereign wealth fund Qatar Investment Authority, hedge funds Valiant Capital Partners & Lone Pine Capital, and VC firm New Enterprise Associates as per a source-based Wall Street Journal report. Earlier: Online cab service Uber has raised $1.2 billion from undisclosed investors at a valuation of $40 billion, with the option of raising an additional $600,000. The company plans to use the funds to further expand in the Asia Pacific region. Yesterday in a filing in Delaware, Uber had stated it could raise up to $1.8 billion through liquidation of new Series E preferred stocks, which was first spotted by VCExperts. Uber has so far raised $2.7 billion, including $1.2 billion in a Series D round if funding led by Fidelity Investments in June 2014, $258 million in August 2013, $37 million in December 2011, $11 million in February 2011, $1.3 million in October 2010 and $200,000 in August 2009. Investments in the online cab service segment in India This comes at a time when Uber is reportedly looking to invest $400 million to expand its India operations & both of Uber’s primary competitors in India, Olacabs & TaxiForSure, have raised funding in the past few months. Olacabs had raised $210 million from SoftBank Corp at a valuation of close to $1 billion in October, and it had raised Rs 250 crore from Steadview Capital & Sequoia Capital with participation from existing investors Tiger Global and Matrix Partners in July. Bangalore-based TaxiForSure had also raised an undisclosed…
