Uber will continue to burn capital in India: Dara Khosrowshahi

Uber says it will leverage the profits it makes from developed markets in the US and Europe to fund the losses of its Indian business

Dara Khosrowshahi, CEO, Uber

US ride hailing giant Uber will continue to burn capital in India as it looks to edge out homegrown rival Ola, CEO Dara Khosrowshahi said in an interview with a news channel. Khosrowshahi also dismissed the speculation that a merger between the two ride-hailing firms was on the charts.