Uber dismisses report that said it's planning to sell off its India business
Bloomberg reported that the US-based company explored selling the India business, but "suspended discussions after tech startup valuations cratered."
In a statement shared with IANS, an Uber spokesperson said the company never explored exiting India -- not even for a minute -- and the report is "categorically false."
"India is as important to Uber today as it was when we launched nine years ago. We are serving riders and drivers across more than 100 cities, hiring Indian talent aggressively, and planning for the next decade and beyond," the company spokesperson said.
Uber competes with SoftBank-backed
Uber CEO Dara Khosrowshahi said in April that it will expand its product offerings and its team in India.
"We continue to expand the product offerings for the Indian consumer. Whether it is autos, motos or high-capacity vehicles or rentals, India has always been a very big part of the Uber journey," he said during the Virtual i3 summit organised by Times Bridge.
Uber aims to expand its engineering talent in India to more than 1,000 people from 700 at present, he had announced.
To remove frustration for riders and drivers alike, the company is also showing trip destinations to drivers before they decide to accept the ride.
Advertisement"Drivers at the Uber advisory council meeting told us they would like more flexibility around payments. We are now showing drivers the mode of payment (cash or online) before the trip starts," the company said.
To make the cash or online decision irrelevant, the company has also introduced a daily pay process for drivers.
With these changes, the company said that they are also reinforcing their service quality expectations with drivers, especially in areas like cancellation and ensuring AC rides.
SEE ALSO: Most underprivileged women are keen to start businesses but lack skills and financial know-how
Tata Consumer sees growth on the back of Starbucks, tea and salt
Popular on BI
- Five planets will stage a rare spectacular event in the night sky on March 28
- Sam Altman, who was already wealthy before starting OpenAI, reportedly doesn't own any equity in the company behind ChatGPT
- A 'hole' 30 times Earth's size has spread across the sun, blasting solar winds that'll hit our planet by end of this week
- Measures taken by IIFCL to keep bad loans under check: Parliamentary panel
- Microsoft adds 'AI-generated stories' to its Bing search
- Housing sales up 14% annually in Jan-Mar to 1.13 lakh units across top 7 cities: Anarock
- ISRO launches India's largest LVM3 rocket from Sriharikota
- RevFin targets financing 20 lakh electric vehicles in next 5 years