Uber seen projecting three-fold rise in 2015 bookings worth $10.84bn

Ride-hailing service Uber has been seen projecting strong growth in its global bookings in 2015 that would help generate $10.84bn (£6.7bn, €9.7bn). As per a recent presentation for potential investors prepared by Chinese bankers, the world's most valuable start-up is expected to get bookings worth $26.12bn in 2016.

Reuters, citing the presentation, reported that the company's global bookings are expected to increase about threefold this year.

Uber, which is soliciting funds for its Series F financing, is keeping 20% of booking revenue from more than 50 countries, where it operates at present. That rounds the company's 2015 revenue to about $2bn.

Bookings reached $2.91bn in 2014 and $687.8m in 2013, according to the presentation, which does not feature expenses nor says whether Uber is profitable. It also said the company will go public within the next 18 to 24 months.

However, a spokeswoman for the company declined to comment on the news, saying the company does not "comment on rumor or speculations."

Uber is currently valued at $50bn, after raising $1bn in the latest funding round backed by software giant Microsoft and Indian conglomerate Bennett, Coleman and Company Limited.

Uber is looking to bolster its services in India and China, the first and second most populous nations in the world. In June, the company announced a $1bn investment in China to compete with market leader Didi Kuaidi, which is backed by internet giants Alibaba and Tencent.

In India, which is its second-largest market after the US, Uber plans to expand services into new cities and develop new products and payment solutions.

(The story has been corrected to say the slideshow was prepared by Chinese bankers rather than Uber. It has been updated to add a comment from the company.)