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Uber Rejects Report That Said It Plans To Sell Its Indian Operations

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Uber on Thursday refuted a report claiming that the ride-hailing major planned to exit the Indian market and was in talks with potential buyers to sell its Indian business.



Bloomberg reported that the US-based company was investigating the sale of the Indian company but “suspended discussions after valuations for tech startups collapsed”.

In a statement shared with IANS, an Uber spokesperson said the company has never explored India — not even for a minute — and the report is “categorically inaccurate”.

“India is just as important to Uber today as it was when we launched nine years ago. We serve drivers and drivers in more than 100 cities, aggressively hire Indian talent and plan for the next decade and beyond,” the company spokesperson said.

Uber competes with SoftBank-backed ola in the country.

Uber CEO Dara Khosrowshahi said in April that it will expand its product offering and its team in India.

“We continue to expand the product offering for the Indian consumer. Whether in high-capacity cars, motorcycles, or rental vehicles, India has always been a very big part of the Uber journey,” he said at the Virtual i3. top organized by The Bridge of Time.

Uber wants to expand its engineering talent in India to more than 1,000 people from 700 currently, it had announced.

Last month, Uber IndiaCentral Operations director Nitish Bhushan said they are “always striving to make Uber driving a viable and attractive option for drivers and that the recent fare increase will directly increase their revenue per trip”.

To alleviate frustration for both drivers and drivers, the company also shows travel destinations to drivers before they decide to accept the ride.

“Drivers at the Uber advisory board meeting told us they want more flexibility around payments. We are now showing drivers the method of payment (cash or online) before the trip starts,” the company said.

To make the cash or online decision irrelevant, the company has also introduced a daily payment process for drivers.

With these changes, the company said they are also strengthening their expectations of quality of service with drivers, especially in areas such as cancellation and insuring AC rides.

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