TIL Desk/Business/New Delhi/ Japanese giant SoftBank is planning to invest over $10 billion in Uber’s global operations, a move that could spur consolidation in India’s ride-hailing space.
Amit Jain, president of Uber India, tells that, regardless of recent management change and impending investment, the company remains focused on becoming profitable here, just as it has been over 12 months.
The way we think about this is, we are at the very early stages of our journey in India. As we look at the last four years, we’ve continued to have exponential growth.
In the last 12 months, we’ve definitely taken a focus on moving from a start-up to a more sustainable model and on our path towards profitability.
But as we look at our journey, the way we look at ourselves is we are still about 1 per cent of the total rides that happen in a city today.
Our vision is very simple, how do we provide the most simple transportation everywhere and to everyone and that every ride in a city happens in an Uber and nobody feels the need to buy a car.
