India business growing at over 100% year-on-year: Uber
Cab aggregator Uber said its India business has grown over 100% year-on-year, driven by strong adoption of services like Pool and expansion into smaller cities
New Delhi: US-based cab aggregator Uber on Thursday said its India business has grown over 100% year-on-year, driven by strong adoption of services like Pool and expansion into smaller cities.
Uber India, which competes with SoftBank-backed Ola, said it has seen the number of completed trips on its platform grow from 19.2 million in July 2016 to 41.3 million in July this year, a jump of 115%.
On sequential basis, the company registered a growth of 6.4% from 38.8 million completed trips in June 2017.
“Uber launched in India four years ago as the 18th country for us with just 3 employees. Today, we have over 1,000 employees and continue our exponential growth journey,” Uber President India and South Asia Amit Jain told PTI.
The company is focussed on providing affordable and reliable rides as well as providing livelihood opportunities to thousands of driver partners, he added.
“Our July 2017 numbers mark a 115% growth over the same month last year. We continue to innovate on new products like UberMoto, UberHire and use technology to further streamline rider and driver acquisition, retention and marketplace efficiency,” Jain said.
Uber has already completed 500 million trips in India. It operates in 29 Indian cities and has 2.85 lakh active driver partners on its platform. It sees about 8 million monthly active riders.
Editor's Picks »
- Artificial intelligence predictions may not always lead to better decisions
- 2G case: Delhi HC defers hearing on CBI, ED plea against acquittals
- Friday Wrap: ‘Parmanu,’ ‘Solo’ make for dull movie week
- In order to grow, we need to get into other markets: Vince Voron
- IHH extends revised offer for Fortis to 30 June
- Motherson Sumi continues to face margin pressure in foreign markets
- What the Warren Buffett indicator tells us about market valuations today
- Jet Airways lands with a thud in Q4 as fuel costs increase
- IBC amendments: Some dilutions, and a lot more speed
- Patanjali’s gambit is paying off in toothpaste wars