Says it is the biggest tranche of capital infusion to Uber India by parent company
US-based ride-hailing firm shows it's still willing to burn cash by naming one of India's costliest cricketers as beacon holder of its identity
Uber India Systems Private Limited (UISPL), registered in India, is held by Uber International Holding BV and Uber International BV.
The Board of UIS on October 1 approved the allotment of 1.14 crore equity shares to Uber BV for the transfer of Rides Contracts and Rides Data
He says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand
Keen to build a wider footprint in the country, the ride-hailing app tunes in to rider concerns and opens a round-the-clock line for distress calls
The move of integrating the two regions under a single leadership is primarily meant to bring in more synergies in the ridership business
The big innovation of the Bengaluru and Hyderabad centres has been Uber Lite, an app that is 85% lighter than the normal Uber app
Taxi hailing firm pays more towards deferred taxes, higher expenses weigh on profit
Taxi-hailing firm's payment towards deferred taxes and higher expenses weigh on profit
Parameswaran had joined Uber in January last year and was leading operations for Uber in India and South Asia
When asked how long the company would like to continue to operate without taking its share, Jain said India was a core market for the company and they have a long-term commitment to this market
India accounts for more than 10 per cent of Uber rides globally
Khosrowshahi said India is already among the top three markets for Uber and accounts for 10 per cent of its trips globally
Given Kohli's self-proclaimed code of honour for brand endorsements, the association is a risky one
With one of the most sought after endorsers on board, the ride hailing brand looks for a fresh script for its India story
Uber India had been pulled up in the past by tax authorities over its liability to pay service tax, since it is delivering a taxable service
Kohli was mostly tasked with building Uber's relations with regulators and government officials in India, a market where the firm has faced several regulatory and reputational hurdles
Firm taking steps to increase transparency, accountability in its services
Earlier this year Uber faced backlash from drivers in India