Chastity Mansfield I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

Uber is betting big on the Indian ride-sharing market, really big

54 sec read

India is a nation with nearly 1.3 billion people, dozens of massive and densely populated cities, and notoriously crowded and underdeveloped public transit, which means it’s a perfect market for ride-sharing services like Uber. Considering how much growth the company has had in India, Uber couldn’t agree more and has stated that the country is one of its top priorities. To prove this, Uber will be investing around $1 billion in India over the next nine months. 

Uber will invest $1 billion in India in the next nine months as the online ride-hailing company is bullish on the Indian market. Uber said it would use the additional investment to improve operations, expand into newer cities, and develop new products and payment solutions. “Uber has grown exponentially in India, a global priority market for us, which has also quickly become the largest market geographically for Uber outside the U.S.,” Amit Jain, president of Uber India said in a statement. The news of Uber’s investment in India was first reported by the Financial Times, which said it was the first time the company had set such a target for India. Earlier this month, a Delhi court revoked a government ban on Uber, clearing the way for the company to operate in the capital city and reapply for a license. India asked unregistered Web-based taxi services to halt operations in December after a driver contracted with Uber was accused of rape. Uber applied for licenses in New Delhi but continued its operations while approvals were pending.

Source
Avatar of Chastity Mansfield
Chastity Mansfield I'm a writer, an amateur designer, and a collector of trinkets that nobody else wants. You can find me on Noozeez, and Twitter.

Apple is purging hundreds of thousands of apps from…

It may be the end of summer, but that isn’t stopping Apple from doing a bit of spring cleaning. Tomorrow, coinciding with the launch...
Avatar of Alfie Joshua Alfie Joshua
1 min read

This app let’s you buy the food that restaurants…

Just because it’s not fresh doesn’t mean it’s not edible. For people willing to eat food that’s old, but not too old, a new...
Avatar of Brian Molidor Brian Molidor
1 min read

Why is Line listed on both an American and…

Line hasn’t found much success here in the West, which is why it might seem odd that the company decided to list itself on...
Avatar of Lorie Wimble Lorie Wimble
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *