Uber to make $1B investment | +Update | +Investment

Now, Now, every other giant is looking down to India as an exponential market. Well, what more to say after the Private Taxi Giant preferably known as Uber dives deeper into the Indian market and plans on investing $1B to broad up its territory beyond New Delhi, the nation's capital.

Now, Now, every other giant is looking down to India as an exponential market. Well, what more to say after the Private Taxi Giant preferably known as Uber dives deeper into the Indian market and plans on investing $1B to broad up its territory beyond New Delhi, the nation's capital.



What made them interested?
My readers, you really have got real smart. I particularly don't have an answer for it, but have an abstract of what Uber says.

"

Uber has grown exponentially in India,

A global priority market for us.

Which has also become the largest

geographically for Uber outside the U.S.

"

These words were shared by Mr. Jain, the President (Uber, India). He mentioned all these line in a email state ment. He also stated,

$1B, how many zeroes?

"

We are extremely BULLISH on the Indian

market and see tremendous potential here

"
The company operates in over more than 18 cities in India. And according to Reuters to have 200,000 rides per day. Uber also faced a ban, since one of its driver sexually assaulted a rider, since then Uber 's main concern is Delhi. But it went down to the roads. But were discarded by the officials. Earlier this month Uber's ban was lifted by the Court. The court stated:

"

Uber should be allowed to operate in the city if provided license by regulators.

"

But, lets see what changes can Uber bring to the Indian market, after it invest such an amount. Till then lets track'em.

Good day!