THERE WILL BE NO LET-UP IN INDIA INVESTMENTS: UBER
Uber Technologies Inc. will continue to invest heavily in India, the ride-hailing company’s most important market outside the US, for an indefinite period rather than focus on cutting the company’s massive losses in the world’s fastest-growing major economy.
“The market opportunity is so significant that we’re not focused right now on how can we get this business to profitability,” chief operating officer (COO) Barney Harford said in an interview at the company’s headquarters in San Francisco. “We have an indefinite investment horizon in India.”