American international transportation network company Uber established a presence in India in 2013, and it has been expanding gradually to 18 of its cities since. Recently, Uber announced that it plans to invest no less than $1 billion in India, and the investment will be done gradually over the next nine months in order to ensure the development of new products and the expansion into new cities.
Aside from its renowned taxi hailing app, the company also launched a few other products on the Indian market, such as low-cost ride services and new payment options. However, Uber’s presence in the country was not exactly an event-free one, as the firm was criticized heavily by the local authorities after a female passenger was allegedly raped by a driver. As a result, Uber’s services were banned temporarily by the Delhi government, and the brand implemented a special “SOS” button for its vehicles that allows passengers to call for help in the event of an assault.
Regarding the new investment, the president of Uber India, Amit Jain, stated the following:
“We are extremely bullish on the Indian market and see tremendous potential here. With this investment and the strong rate of growth we are seeing, we expect to hit over 1 million trips per day in the next six to nine months.”
Thank you TheVerge for providing us with this information.
SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…
Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…
Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…
Heavy Equipment Bundle: Includes a steering wheel for heavy machinery, gas and brake pedals, and…
Low-profile Keys for an ergonomic gaming experience. With slimmer keycaps and shorter switches, enjoy natural…
Size & style: Ambidextrous lightweight mouse for gaming. Built for speed, control and comfort, with…