Uber is undoubtedly growing quickly and won a small victory with approval to operate in NYC, which appears to be enough work without raising a new round of funding, for now.
In response to questions from Skift requesting more details on the startup’s round of funding, Kalanick responded:
The Reuters story is completely false and the product of extremely poor reporting and journalistic ethic.
This company has not pitched a single investor since November 2011 and has not sought any funding whatsoever since then.
Kalanick did not comment on the $1 billion valuation.
Uber was approved on Friday to be the first e-hail app participant in New York’s one-year E-Hail Pilot Program.
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