910
18 days ago
Uber Pumps Nearly ₹3,000 Cr Into India Arm
Summary
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Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Uber has infused nearly ₹3,000 Cr (around $330 Mn) into its Indian unit as competition in the market heats up
The company’s India arm, Uber India Systems, allotted 14.4 Mn equity shares at an issue price of ₹2,022.85 each to raise ₹2,921 Cr
The fund infusion comes amid pressure on Uber India's financial performance. In the fiscal year FY25, Uber India’s net loss soared almost 15X to ₹1,511 Cr, from ₹89 Cr in FY24
Ride-hailing major Uber has infused nearly ₹3,000 Cr (around $330 Mn) into its Indian unit as competition in the market heats up.
The company’s India arm, Uber India Systems, allotted 14.4 Mn equity shares at an issue price of ₹2,022.85 each to raise ₹2,921 Cr, according to filings with the Registrar of Companies.
The investment came from its parent, Uber B.V., in two tranches. It first invested ₹200 Cr in November, followed by a ₹2,721 Cr investment earlier in January.
The fund infusion comes amid pressure on Uber India’s financial performance. In the fiscal year FY25, Uber India’s net loss soared almost 15X to ₹1,511 Cr, from ₹89 Cr loss incurred in the previous fiscal. Its gross revenue, which includes commissions earned from rides, remained flat at ₹2,604 Cr during the year.
According to industry sources, Uber India is no longer the market leader in the ride-hailing segment in India. During the same time, Rapido has been expanding its presence in the Indian ride hailing market aggressively. It crossed ₹1,000 Cr in income in FY25 and has increased its market share across sub-segments in the ride hailing space.
Last year, Uber CEO Dara Khosrowshahi also acknowledged that Rapido is now the company’s biggest competitor in India. The startup last raised ₹125 Cr in June 2025 from Nexus Venture Partners. Recently, Swiggy sold its stake in Rapido to Prosus and WestBridge Capital, reportedly making over 2.5X returns.
Notably, both Uber and Ola used to operate on commission based models where drivers were charged a commission on every ride they completed.
The commission rates were as high as 15-20% per ride. On the contrary, a subscription-based model facilitates a driver to keep 100% of their ride fare. In return, they need to purchase a weekly or monthly subscription of that particular ride-hailing service.
The subscription model addresses drivers’ complaints that they end up losing a significant part of their earnings from each ride due to commissions. Notably, Rapido has been operating on this model since 2023, Uber and Ola followed the suit.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Uber has infused nearly ₹3,000 Cr (around $330 Mn) into its Indian unit as competition in the market heats up
The company’s India arm, Uber India Systems, allotted 14.4 Mn equity shares at an issue price of ₹2,022.85 each to raise ₹2,921 Cr
The fund infusion comes amid pressure on Uber India's financial performance. In the fiscal year FY25, Uber India’s net loss soared almost 15X to ₹1,511 Cr, from ₹89 Cr in FY24
Ride-hailing major Uber has infused nearly ₹3,000 Cr (around $330 Mn) into its Indian unit as competition in the market heats up.
The company’s India arm, Uber India Systems, allotted 14.4 Mn equity shares at an issue price of ₹2,022.85 each to raise ₹2,921 Cr, according to filings with the Registrar of Companies.
The investment came from its parent, Uber B.V., in two tranches. It first invested ₹200 Cr in November, followed by a ₹2,721 Cr investment earlier in January.
The fund infusion comes amid pressure on Uber India’s financial performance. In the fiscal year FY25, Uber India’s net loss soared almost 15X to ₹1,511 Cr, from ₹89 Cr loss incurred in the previous fiscal. Its gross revenue, which includes commissions earned from rides, remained flat at ₹2,604 Cr during the year.
According to industry sources, Uber India is no longer the market leader in the ride-hailing segment in India. During the same time, Rapido has been expanding its presence in the Indian ride hailing market aggressively. It crossed ₹1,000 Cr in income in FY25 and has increased its market share across sub-segments in the ride hailing space.
Last year, Uber CEO Dara Khosrowshahi also acknowledged that Rapido is now the company’s biggest competitor in India. The startup last raised ₹125 Cr in June 2025 from Nexus Venture Partners. Recently, Swiggy sold its stake in Rapido to Prosus and WestBridge Capital, reportedly making over 2.5X returns.
Notably, both Uber and Ola used to operate on commission based models where drivers were charged a commission on every ride they completed.
The commission rates were as high as 15-20% per ride. On the contrary, a subscription-based model facilitates a driver to keep 100% of their ride fare. In return, they need to purchase a weekly or monthly subscription of that particular ride-hailing service.
The subscription model addresses drivers’ complaints that they end up losing a significant part of their earnings from each ride due to commissions. Notably, Rapido has been operating on this model since 2023, Uber and Ola followed the suit.
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
INDIA'S #1 STARTUP INTELLIGENCE PLATFORM
Login or create a free account to continue reading in private mode.
AI Description
Uber has significantly invested in its Indian operations, injecting nearly ₹3,000 Cr to strengthen its position amid rising competition. This move highlights the strategic importance of the Indian market for global tech companies.