Uber expects Indian profit soon in fierce fight with Ola

Uber Technologies [UBER.UL] expects to turn a profit in India soon as the ride-hailing firm takes on home-grown rival Ola, the United States-based company's CEO Travis Kalanick said. India, one of the world's fastest growing taxi markets, has become Uber's most important battleground in Asia after it folded its China business into local rival Didi Chuxing. "We see the path to profitability in India and we feel pretty good about that," Kalanick said in a public interview on Thursday hosted by Amitabh Kant, the head of India's planning commission, in the capital New Delhi.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply