Thursday 30 July 2015
Uber is bullish on India. So much so, that it reportedly plans to plunk down some $1 billion into a major initiative in that country to target 1 million rides per day by March 2016, according to a Financial Times report. (Paywall) Such a move would likely require the company to expand service beyond the 18 cities it currently covers in India and invest more in product, hiring and payment, the report said. Much of Uber’s investment is also expected to go toward expanding the subsidies it offers to lure new passengers and drivers to the platform. Industry estimates currently have Uber at some 200,000…
This story continues at The Next Web
