Uber doubling down on India investments after exiting Southeast Asia: COO


Ride-hailing giant Uber Technologies Inc is "doubling down" on its investments in India, one of its biggest markets, after its recent exit from Southeast Asia, its chief operating officer said on Wednesday. India accounts for more than 10 per cent of Uber rides globally and the US company has a more than 35 per cent share of the taxi market there, according to Counterpoint Research, but it is yet to make money in the country.

COO Barney Harford said investments in India are made using funds from profitable markets. However,.

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