The Traderszone Network

Published in TZ Latest News 19 August, 2015 by The TZ Newswire Staff

Uber India aims for a million rides a day, parent gets funding from Tata

Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber India also said on Wednesday that its U.S.-based parent had received fresh investment from Tata Opportunities Fund, a private equity fund linked to India’s Tata Capital.