HomeAutoUber is going to invest $1billion in India to achieve 1 million...

Uber is going to invest $1billion in India to achieve 1 million daily rides

Jumia Black Friday Deals

According to the Financial Times, Uber is planning to make an investment of $1 billion in India targeting as much as 1 million riders per day in the sub-continent.

Uber was banned in New Delhi, the capital of India. Now just a few days after the ban has been withdrawn we are informed about the current intentions of the online taxi hailing service.

So, what’s the current situation of Uber and how will they execute their plans?

Well, currently 18 cities in India has Uber services. So to attain their desire of 1 million riders a day, they need to expand their base territory. This should not come as a surprise as via these 18 cities their daily gross  is only 200000 passengers.

There are roughly 1609 cities and towns in India but many of them are underdeveloped or poor and an online taxi service isn’t quite practical in such locations.

Though the company has a large domain to target but other steps are also necessary.

The report by Financial Times says that the company has to pour much of its investments into the product, hiring, and payment.

It has also been estimated that a major portion of the investment has to be poured to further expand the grants which Uber uses to attract first-time passengers as well as new drivers.

Uber’s current plans for expansion will face controversy and might be subject to new restrictions.

The reason Uber was banned from New Delhi, as stated earlier is due to a sexual assault on a passenger by an Uber driver.

So Uber is basically starting their expansion with a damaging reputation. Though to tackle this they have included a new safety feature to their app entitled for the passengers.

Latest articles

Best October Prime Day Deals: Early Deals

Prepare yourselves, deal-hunters, the second Prime Day event of the year is here. The...

Umidigi Deals on AliExpress 828 Mega Brands Sale

AliExpress 828 Mega Brands Sale of the year is now live. From August 21...

UMIDIGI A15 Series and G5 Series launches Third Quarter

The UMIDIGI A15 Series and the G5 Series are scheduled for an official launch...

Umidigi A15, A15C launches on AliExpress 828 Brands Sale with Giveaway

UMIDIGI has a big announcement as they are about to kick start the worldwide...

More like this

Big Brother Naija Season 8 starts July 23 with MoniePoint as Headline Sponsor

Multichoice has started teasing the return of its most popular reality TV show, the...

MoMo Bill Payment: What it is and why to use it

Payments are a necessity for both individuals and businesses. The need to make payments...

Businesses Can now Save More with Bolt Special Ride Offering

Bolt, a leading ride-hailing service provider, is committed to building a sustainable city by...