You are here: Home » Companies » News
Business Standard

Uber India revenue zooms to Rs 21.5 cr in FY18; net profit Rs 19.6 lakh

While Uber's losses mounted to USD 1.07 billion in the September 2018 quarter, the company had said it would continue to invest in Uber Eats and electric bikes & scooters businesses

Press Trust of India  |  New Delhi 

Representative Image
Representative Image

US-based cab-hailing platform saw its revenue growing manifold from business to Rs 21.5 crore in the fiscal ended March 2018, according to documents filed with the corporate affairs ministry.

The company, which competes with rival Ola in and other international markets, had posted a total revenue of Rs 1.04 crore in 2016-17.

Technology, which operates the in the country, also saw manifold jump in net profit to Rs 19.6 lakh in 2017-18, compared with Rs 3.22 lakh in 2016-17, showed the documents, accessed by platform Tofler.

While Uber's losses mounted to USD 1.07 billion in the September 2018 quarter, the company had said it would continue to invest in Eats and electric bikes & scooters businesses as well as in high-potential markets such as India and the

"As we look ahead to an IPO (initial public offering) and beyond, we are investing in future growth across our platforms, including food, freight, electric bikes and scooters, and high-potential markets in India and the where we continue to solidify our leadership position," Uber had said.

First Published: Wed, January 02 2019. 20:05 IST
RECOMMENDED FOR YOU