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Uber To Invest $1 Billion In India In Next Nine Months


Ron Burgundy
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Photo illustration of logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street in MadridUber said it would use the additional investment to improve operations, expand into newer cities, and develop new products and payment solutions. "Uber has grown exponentially in India, a global priority market for us, which has also quickly become the largest market geographically for Uber outside the U.S.," Amit Jain, President of Uber India said in a statement. The news of Uber's investment in India was first reported by the Financial Times, which said it was the first time the company had set such a target for India.




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