Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 06 2018

Uber plans to expand services beyond 31 cities in India

Uber is also focusing on transforming its role from being a point-to-point car firm to a complete transportation company.

With an aim to tap the growing potential in smaller towns, Cab-hailing service Uber India is planning to expand its services beyond 31 cities in the country.

Uber’s rival Ola has a presence in 110 cities across India.

Uber is also focusing on transforming its role from being a point-to-point car firm to a complete transportation company.

Pradeep Parameswaran, India and South Asia President of Uber, said, "This also means that we will be expanding our number of staffers in the technology team, product and operations to drive growth, which further points to the fact that the business in India may not turn profitable any time soon. In the future, we will work towards creating a sustainable business model."

"We are starting to see growth not just in Tier-1 markets but in smaller towns. If you look at what Flipkart and Amazon talk about, a large amount of growth is coming from smaller towns. This is mainly because the incomes have gone up and smartphone penetration is going up in smaller towns," he added.

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Being dessert lovers and passionate foodies, the trio decided..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Dealers And Distributors
    About Us: Forsch is premium engine oil and lubricant brand headquatered..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Banglore Karnataka
  • Quick Service Restaurants
    About Us: This quintessential restaurant will transport you to a European..
    Locations looking for expansion Andhra pradesh
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Ice creams & Yogurt Parlors
    Gujarat's fastest emerging chain of  Fruit and Juice Bar is..
    Locations looking for expansion Gujarat
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities