Archive for August, 2015

Uber Investing in Asia

August 9th, 2015

carUber Technologies Inc. is intending to invest $1bn into India over the next nine months in an attempt to make the region its largest presence outside of America. Uber currently operates in 18 cities in India and will expand that number but will also use the investment cash to enhance its operations there.

According to Uber India President, Amit Jain, they “see tremendous potential” in India since it has already “grown exponentially” there. Earlier this year Uber said it would also be investing over $1bn in China, given its status as the world’s second largest economy.