Uber gives another push to its India plans with Rs 1,767-cr investment

Says it is the biggest tranche of capital infusion to Uber India by parent company

Ride-hailing major Uber has infused Rs 1,767 crore in fresh capital into its Indian entity, Uber India Systems Private Limited. 

According to the company’s regulatory filings sourced from business intelligence platform Paper.vc, Uber India has allotted 11.12 million equity shares, valuing Rs 10 each at a premium of Rs 1,578.20 to the Netherlands-based entities Uber International Holding BV and Uber International BV. 

The board of directors of Uber India passed this resolution at a meeting held on October 29, 2019, the company filing says. This was around the time Uber Technologies’ Chief Executive Officer Dara Khosrowshahi was on a visit