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


Harford (pic) did not say how much Uber is likely to invest in India but said it would "considerably expand" its technology resources to develop products for India and the world. — Reuters

Harford (pic) did not say how much Uber is likely to invest in India but said it would "considerably expand" its technology resources to develop products for India and the world. — Reuters

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.

   

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