Bigger India
Uber shouldn’t reverse out of India, no matter what Softbank says
Experts also point out that Uber has not had an easy run in its core markets, and exiting from India might just make things worse for it.
India’s taxi wars are headed for a new turn.
After fiercely battling homegrown rival Ola for nearly five years, San Francisco-based Uber may finally be slowing down in India.
Uber’s latest and largest investor, Softbank, wants the company to focus only on its core markets—the US, Europe, Latin America, and Australia, Rajeev Misra, a board director with Softbank, told the Financial Times (paywall) on Jan. 19. Misra is set to join Uber’s board soon.