Uber Plans To Invest $500 Million In India

After investing $1 billion, Uber now plans to invest another $500 million in India by June.

The capital will be used to spend on doubling the company’s resources, strengthening the team and technology for the Indian market. Also, the company will invest in government collaborations, business partnerships, strengthen its driver supply initiatives, marketing initiatives and expansion.

Earlier, Uber’s business head for Asia, Eric Alexander had said that it will beat Ola in a month.

Also, Uber recently accused Ola of creating fake accounts on its platform which resulted in losses.

[source]

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