Uber just closed a new round of funding that will value the company at more than $50 billion, according to the Wall Street Journal.
The newspaper says that Uber has raised close to $1 billion in the round, which brings total equity financing to more than $5 billion.
The WSJ reported that investors in this latest round include Microsoft and Indian media company Bennett, Coleman, and Company.
This funding comes just a day after Uber announced it is committed to investing one billion dollars to grow its business in India.
TechCrunch has reached out to Uber for comment, and will update this story when we receive more information.