Uber, the hot ride-sharing service that’s inspiring the real estate industry with its on-demand and location-based business model, closed a $1.2 billion funding round this week that brings the firm’s valuation to $18.2 billion.

By utilizing both the geotargeting technology of mobile devices and the untapped inventory of empty cars and car operators with time, Uber’s mobile app has opened a new marketplace by serving both consumers and professional (and not-so-professional) drivers in new ways. Some expect the model will inspire similar breakthroughs in other industries including real estate.

Curb Call, a real estate interpretation of Uber that allows consumers to connect with nearby agents “right now,” launched in May.

Source: Wall Street Journal

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription