Uber to Invest $1 Billion in India

Posted on July 31, 2015

India’s population is set to surpass China’s by 2022, according to the United Nations’ latest report, and Uber isn’t missing a beat. The ride-hailing company said on Thursday that it plans to invest $1 billion into its operations in the South Asian country. The huge investment seems to be to compete with local rival Ola, an Indian taxi-hailing company that recently raised $400 million and is rumored to be raising more.

Read the full story at fortune.com.

Related Topics: India operators, international, investment, TNCs, Uber

Comments ( 1 )
  • anthony

     | about 3 years ago

    India- a person makes 2.00 dollars per hour if they are lucky..... Why would any one in their right mind invest 1 billion dollars.... they are simply doing an announcement to justify where the 1 billion dollars was lost or invested in. Everyone at guber inc that was involved with that idea should be fired asap.

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