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Uber’s plans for its Indian business have been the subject of speculation. India accounts for only 0.5% of its global revenue after more than nine years in the country. And things are not showing up either.
Uber CEO Dara Khosrowshahi has come down hard on a news report that said the company may have explored the sale of its India business. But Uber’s India plan has been the subject of speculation for quite some time, as its future in the country where cab-hailing remains a niche market has been intensely debated. There was indeed murmurs about the possibility of Uber exiting India and Khosrowshahi wanted to suppress them. But some facts remain. Uber is down
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