Uber raises $100 million from Tata Opportunities Fund
According to market reports, globally, Tata Opportunities will invest between $75 million to $100 million in Uber
Uber Technologies Inc has raised up to $100 million from Tata Opportunities Fund, the Indian conglomerate, as the American international transportation network company prepares to expand in India. Globally, Tata Opportunities will invest between $75 million to $100 million in Uber, say media reports.
Late last month, Uber announced plans to invest 1 billion U.S dollar into India where it competes with local rivals like Ola, a ride-booking service that recently raised $400 million. Notably, The Company has faced a lot of flak in India as a result of the disciplinary issues but it regards India as one of its most-important markets.
The partnership with Tata follows a similar deal with Baidu, a Chinese search engine, which invested millions of dollars into Uber last year. Uber is planning a big leap in the Chinese market as well.
Uber operates in more than 330 cities in 60 countries and has it’s headquarter at San Francisco.For more updates, be socially connected with us on
WhatsApp, Instagram, LinkedIn, Twitter, Facebook & Youtube