Uber CEO Dara Khosrowshahi dismissed talk of a sale, but should it keep the India biz?
Naomi Gleit
Dara Khosrowshahi, CEO, Uber
Synopsis
Uber’s plans for its India business are a subject of speculation. India is a mere sliver at 0.5% of its global revenue after more than nine years in the country. And things aren’t looking up either.
Uber CEO Dara Khosrowshahi came down hard on a news report that said the company might have explored the sale of its India business. But Uber’s India plan has been a subject of speculation for quite some time, as its future in the country where cab-hailing remains a niche market is intensely debated. There were indeed murmurs of Uber’s likely exit from India and Khosrowshahi wanted to quell them.But a few facts remain.Uber drastically reduced
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