Uber doubling down on India investments after exiting South-East Asia

Barney Harford, Chief Operating Officer (COO) of Uber listens to a question during a news conference in New Delhi, India, April 18, 2018. REUTERS/Adnan Abidi

NEW DELHI: Ride-hailing giant Uber Technologies Inc is “doubling down” on its investments in India, one of its biggest markets, after its recent exit from South-East Asia, its chief operating officer said on Wednesday.

India accounts for more than 10% of Uber rides globally and the US company has a more than 35% share of the taxi market there, according to Counterpoint Research, but it is yet to make money in the country.