The pioneer in app based taxi booking, Uber is eyeing big in countries like India. After announcing the new center in Hyderabad with a total cost of $50 Million, Uber has now announced that it will be investing a total of $1 Billion in Indian market to boost the position as well as to reach out to new cities and expand the user as well as the employees.
After the initial launch of Uber in India in 2013, the company has seen a lot of ups and downs. Most popular of them being the rape case by an Uber Driver, which left Uber in a lot of regulations and legal proceedings. However, the company seems to be out of that and looking fresh to boost the India operations with the help of the latest funding announcement.
According to Amit Jain, President, Uber in India, “Uber is committed to cater to the needs of Indians for a long time to come. Apart from the center in Hyderabad, we will be investing a Billion dollar in the operations to reach out to more cities and reach our global target of a million trips per day. Along with that, we plan to support at least 200,000 jobs in the country”.
India has been a pretty good destination for Uber. After the US, India is the biggest destination for Uber. A few initiatives, like catering as well as cash as an option of payment, Uber has been improving on the strategies. India has performed pretty well for Uber and it will be an interesting battle to see how Indian taxi business reacts to it considering there are players like Ola, which are ready to compete at any level.