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India business growing at over 100 per cent: Uber

Press Trust of India  |  New Delhi 

US-based cab aggregator Uber today said its business has grown over 100 per cent year-on-year, driven by strong adoption of services like Pool and expansion into smaller cities. Uber India, which competes with SoftBank-backed Ola, said it has seen the number of completed trips on its platform grow from 19.2 million in July 2016 to 41.3 million in July this year, a jump of 115 per cent. On sequential basis, the company registered a growth of 6.4 per cent from 38.8 million completed trips (cars) in June 2017. "Uber launched in four years ago as the 18th country for us with just 3 employees. Today, we have over 1,000 employees and continue our exponential growth journey," Uber President and South Amit Jain told PTI. The company is focussed on providing affordable and reliable rides as well as providing livelihood opportunities to thousands of driver partners, he added. "Our July 2017 numbers mark a 115 per cent growth over the same month last year.

We continue to innovate on new products like UberMoto, UberHire and use technology to further streamline rider and driver acquisition, retention and marketplace efficiency," Jain said. Uber has already completed 500 million trips in It operates in 29 Indian cities and has 2.85 lakh monthly active driver partners on its platform. It sees about 8 million monthly active riders.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 20:13 IST