The ride-sharing giant prefers to let the engine idle, even at the risk of losing hard-fought ground to Ola
An earnings call in the first week of November to discuss Uber Technologies Inc.’s results for the quarter ended 30 September had next to zero mention of India.
Strange given that India is one of its largest markets outside of the US and Europe, say analysts and industry watchers attempting to read the tea leaves.
Since the company’s entry in 2013, India was where it grew at a breakneck pace (going from 5% of the ride-sharing market in 2015 to roughly 40% in 2019). Such was the extent to which it fired up popular imagination that every consumer tech company …
Nikhil used to a writer at The Morning Context. He is a graduate of the Asian College of Journalism, and has worked with several publications including the Deccan Herald, The Hindu and The Indian Express. He has reported on a wide range of topics, from technology to automotives to books.
nikhil@mailtmc.com