Uber Investment In India Revs Up Competition In Asia

By | August 19, 2015

Scalper1 News

Extending its global push and fortifying a $50 billion market valuation, ride-hailing service Uber Technologies was infused with more cash, this time from India conglomerate Tata Group. The investment, reportedly about $100 million, was made by a private equity affiliate of Tata Capital, one of India’s largest wealth management firms. While Tata confirmed the investment in Uber, it didn’t disclose the amount. Uber has plans to invest $1 billion Scalper1 News

Scalper1 News