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Uber Bets Big: Rs 3000 Crore Infusion Amidst Fierce Rivalry
26 Feb
Summary
- Uber injected Rs 3,000 crore into its Indian subsidiary.
- This investment comes amidst intense competition from Rapido.
- Uber India's net revenue saw an 89% decline in FY25.
Uber has injected approximately Rs 3,000 crore (around $330 million) into its Indian operations, signaling a robust commitment to the competitive ride-hailing market. The investment, made through its parent entity Uber B.V. into Uber India Systems Pvt Ltd, occurred in two tranches in late 2025 and early 2026. This infusion comes at a critical juncture for the company.
Uber India Systems Pvt Ltd experienced a substantial 89% decrease in net ride-hailing revenue for FY25, reporting Rs 88 crore compared to Rs 807 crore in FY24. This decline was observed even as the gross revenue from ride-hailing commissions remained steady at Rs 2,604 crore.
Simultaneously, competitor Rapido has demonstrated significant market gains. Rapido crossed Rs 1,000 crore in income during FY25 and has rapidly expanded its market share. Reports indicate Rapido has secured over 20% of the four-wheeler ride-hailing market since its late 2023 entry, challenging Uber's estimated 45% share, with Ola holding 25-30%.
Overall, Rapido leads in total rides with a 50% market share, surpassing Uber's 40%. The company also dominates the bike and three-wheeler segments with over 65% market share. Uber's CEO, Dara Khosrowshahi, has acknowledged Rapido as its primary competitor in India.
