Uber Pumps Nearly ₹3,000 Cr Into India Arm

Ride-hailing major Uber has infused nearly ₹3,000 Cr (around $330 Mn) into its Indian unit as competition in the market heats up.

The company’s India arm, Uber India Systems, allotted 14.4 Mn equity shares at an issue price of ₹2,022.85 each to raise ₹2,921 Cr, according to filings with the Registrar of Companies.

The investment came from its parent, Uber B.V., in two tranches. It first invested ₹200 Cr in November, followed by a ₹2,721 Cr investment earlier in January.

The fund infusion comes amid pressure on Uber India’s financial performance. In the fiscal year FY25, Uber India’s net loss soared almost 15X to ₹1,511 Cr, from ₹89 Cr loss incurred in the previous fiscal. Its gross revenue, which includes commissions earned from rides, remained flat at ₹2,604 Cr during the year.

According to industry sources, Uber India is no longer the market leader in the ride-hailing segment in India. During the same time, Rapido has been expanding its presence in the Indian ride hailing market aggressively. It crossed ₹1,000 Cr in income in FY25 and has increased its market share across sub-segments in the ride hailing space.

Last year, Uber CEO Dara Khosrowshahi also acknowledged that Rapido is now the company’s biggest competitor in India. The startup last raised ₹125 Cr in June 2025 from Nexus Venture Partners. Recently, Swiggy sold its stake in Rapido to Prosus and WestBridge Capital, reportedly making over 2.5X returns.

Notably, both Uber and Ola used to operate on commission based models where drivers were charged a commission on every ride they completed. 

The commission rates were as high as 15-20% per ride. On the contrary, a subscription-based model facilitates a driver to keep 100% of their ride fare. In return, they need to purchase a weekly or monthly subscription of that particular ride-hailing service.

The subscription model addresses drivers’ complaints that they end up losing a significant part of their earnings from each ride due to commissions. Notably, Rapido has been operating on this model since 2023, Uber and Ola followed the suit.

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