The Traderszone Network

Published in TZ Latest News 30 July, 2015 by The TZ Newswire Staff

Uber to invest $1 billion in India in next nine months

Uber said it would use the additional investment to improve operations, expand into newer cities, and develop new products and payment solutions. “Uber has grown exponentially in India, a global priority market for us, which has also quickly become the largest market geographically for Uber outside the U.S.,” Amit Jain, President of Uber India said in a statement. The news of Uber’s investment in India was first reported by the Financial Times, which said it was the first time the company had set such a target for India.