Uber invests $247 million into its India business, after CEO Dara Khosrowshahi’s visit
Uberinvested $247 million into its India business, according to data intelligence platform paper.vc.
- In October, Uber CEO
Dara Khosrowshahivisited India and launched the public transport feature in Delhi.
- The money is reportedly set to boost the
Uber recently moved its Indian ride sharing and UberEats business to an Indian entity –
"This is the single largest foreign direct investment by Uber into its Indian operations and follows the transfer of its India business from a Dutch entity to an Indian entity. We estimate that a large part of this allocation would go to Eats business, therefore posing a direct challenge to other food delivery companies such as Swiggy and Zomato,” said Vivek Durai, co-founder, paper.vc.
Uber CEO Dara Khosrowshahi visited India in October to launch its public transport feature in Delhi. With this, India's national capital became the ninth city in the world and the first in Asia, to get the feature.
Khosrowshahi launched the feature in partnership with the Delhi Metro Rail Corporation. The feature allows users to check schedules for the Delhi Metro, based on pricing as well as timing.
Uber CEO Dara Khosrowshahi launches its public transport feature in Delhi, its first for Asia