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The online ride hailing service Uber Technologies Inc is going to invest USD 1 billion in India that will bring its investment on par with that in China according to an English daily report.
This move would help its service reach 1 million daily rides by March 2016, the first time the company has set such target for India, Uber said.
The president of Uber India, Amit Jain said, the company was “extremely bullish” on the Indian market and that it continues to see a 40 percent monthly growth.
He further added that the company will expand service beyond the 18 cities in which it operates, the largest number in any country outside of the United States.
