Uber to expand engineering team in Hyderabad
- I-T dept raids 20 premises linked to Mehul Choksi, Gitanjali Gems
- Arun Jaitley on PNB fraud: Govt will chase down who cheat the banking system
- PNB Housing Finance plans to raise $400 million via masala bonds
- EU vows to strike back at Donald Trump trade threat
- Nirav Modi scam: Income tax dept issues notice to Abhishek Manu Singhvi’s wife
Bengaluru: Uber Technologies Inc. will expand its engineering team in Hyderabad to develop tools that will help the company determine fares and driver incentives, as well as support its food and hyperlocal delivery service businesses around the world.
Uber did not give details of the number of people it wants to hire. The Hyderabad team, currently 25-strong , will provide technology support for its food delivery service UberEATS and hyperlocal delivery service UberRUSH.
“The Hyderabad engineering team is ramping up at a fast pace to help support our global operations,” a spokesperson for Uber in India said in an emailed response to a query. “It is working on fintech platform and are building tools that are used across Uber worldwide. India is just one of the over 70 countries it serving.”
In July 2015, Uber signed a memorandum of understanding with the Telangana government to set up a technology and innovation centre in Hyderabad at an investment of $50 million over a period of five years. That centre currently employs 400 people.
Uber also launched a technology centre in March last year in Bengaluru, where a team of 50-odd engineers are working on products around payments, vehicle intelligence and mapping, among other areas, Mint reported on 9 December.
India has become an attractive destination for global companies to set up engineering centres. The long list of companies that have done this includes multinationals Apple Inc, Target Corp, Amazon.com Inc, JC Penney Co. Inc, Salesforce.com Inc and Twitter Inc., as well as start-ups such as Indonesia-based Go-Jek.
Factors such as the availability and cost make India an attractive destination for companies wanting to set up technology centres according to a September 2015 study by researcher Zinnov.
India has emerged as one of the most important markets for Uber after selling its China business to local rival Didi Chuxing.