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.