It’s not exactly a secret that Uber has a lofty valuation at $69 billion. The company has raised over $12 billion since its inception in 2009, far outpacing most of its regional competitors — with the exception of former China adversary Didi Chuxing.
Didi Chuxing, valued at around $50 billion, has raised more than $15 billion since 2012, according to data compiled by Goldman Sachs Global Investment Research. Didi closed its most recent round of $5.5 billion in April, making it one of the most valuable companies in China.
What’s interesting to consider here is simply the ratio of how much money each has raised compared to their valuations. By that measure (an imperfect one, of course), Uber comes out at 5.5 times, while Didi maths out to 2.8 times.
Lyft is now valued at $7.5 billion after closing a $600 million round, for a total of $2.6 billion raised. Lyft’s ratio equals Didi’s at 2.9 times money raised to valuation. Southeast Asia’s Grab is reportedly in the midst of raising a $1.5 billion round. It’s currently valued at more than $3 billion.
This article originally appeared on Recode.net.