Live Updates: COVID-19 Cases
  • World 12,943,447
    World
    Confirmed: 12,943,447
    Active: 4,833,698
    Recovered: 7,540,426
    Death: 569,323
  • USA 3,384,509
    USA
    Confirmed: 3,384,509
    Active: 1,744,128
    Recovered: 1,502,785
    Death: 137,596
  • Brazil 1,846,249
    Brazil
    Confirmed: 1,846,249
    Active: 561,153
    Recovered: 1,213,512
    Death: 71,584
  • India 878,491
    India
    Confirmed: 878,491
    Active: 301,474
    Recovered: 553,838
    Death: 23,179
  • Russia 727,162
    Russia
    Confirmed: 727,162
    Active: 214,766
    Recovered: 501,061
    Death: 11,335
  • Peru 322,710
    Peru
    Confirmed: 322,710
    Active: 96,876
    Recovered: 214,152
    Death: 11,682
  • Chile 312,029
    Chile
    Confirmed: 312,029
    Active: 24,034
    Recovered: 281,114
    Death: 6,881
  • Spain 300,988
    Spain
    Confirmed: 300,988
    Active: 272,585
    Recovered: ?
    Death: 28,403
  • Mexico 295,268
    Mexico
    Confirmed: 295,268
    Active: 79,686
    Recovered: 180,852
    Death: 34,730
  • UK 289,603
    UK
    Confirmed: 289,603
    Active: 244,784
    Recovered: ?
    Death: 44,819
  • South Africa 264,184
    South Africa
    Confirmed: 264,184
    Active: 132,498
    Recovered: 127,715
    Death: 3,971
  • Iran 257,303
    Iran
    Confirmed: 257,303
    Active: 24,481
    Recovered: 219,993
    Death: 12,829
  • Pakistan 248,872
    Pakistan
    Confirmed: 248,872
    Active: 86,975
    Recovered: 156,700
    Death: 5,197
  • Italy 243,061
    Italy
    Confirmed: 243,061
    Active: 13,179
    Recovered: 194,928
    Death: 34,954
  • Saudi Arabia 232,259
    Saudi Arabia
    Confirmed: 232,259
    Active: 62,898
    Recovered: 167,138
    Death: 2,223
  • Turkey 212,993
    Turkey
    Confirmed: 212,993
    Active: 13,115
    Recovered: 194,515
    Death: 5,363
  • Germany 199,914
    Germany
    Confirmed: 199,914
    Active: 6,280
    Recovered: 184,500
    Death: 9,134
  • Bangladesh 183,795
    Bangladesh
    Confirmed: 183,795
    Active: 87,829
    Recovered: 93,614
    Death: 2,352
  • France 170,752
    France
    Confirmed: 170,752
    Active: 62,360
    Recovered: 78,388
    Death: 30,004
  • Canada 107,589
    Canada
    Confirmed: 107,589
    Active: 27,339
    Recovered: 71,467
    Death: 8,783
  • China 83,594
    China
    Confirmed: 83,594
    Active: 326
    Recovered: 78,634
    Death: 4,634
  • Netherlands 51,022
    Netherlands
    Confirmed: 51,022
    Active: 44,885
    Recovered: ?
    Death: 6,137
  • S. Korea 13,417
    S. Korea
    Confirmed: 13,417
    Active: 950
    Recovered: 12,178
    Death: 289
  • Australia 9,796
    Australia
    Confirmed: 9,796
    Active: 1,961
    Recovered: 7,727
    Death: 108
  • New Zealand 1,544
    New Zealand
    Confirmed: 1,544
    Active: 25
    Recovered: 1,497
    Death: 22

Uber India to expand its business through car rentals and shuttle services

Author at TechGenyz Apps
Uber

After withdrawing from food delivery services, Uber is in talks with car rental services in India to offer self-driving car rentals and shuttle bus services in India.

Uber India is already in talks with mobility firms such as Drivezy, Zoomcar, Bounce, and Revy to kick-start their new initiative. The cab-hailing app will bring self-driving four-wheelers from these platforms to their Uber app for rentals.

However, in 2017, Xchange Leasing, a subsidiary of Uber, had to be closed owing to high costs.

A person associated with Uber India, who wishes to remain anonymous revealed that Uber India plans to launch the full service sometime during this year in one or more cities. The person said, “The plan is to offer high-capacity vehicles that can seat anywhere between 12 and 25 commuters.”

Uber’s shuttle services launched in Cairo in December 2018 allows its users to book bus seats. However, this rental business will be the first-ever business venture of its kind taken up by Uber anywhere.

Uber’s shuttle service will take on existing players such as Amazon-backed Shuttl, which has raised over $70 million and operates in New Delhi, Chennai, Kolkata, Pune, and Hyderabad.

Uber India backed out of the food delivery business in January 2020 and sold it to Zomato for $350 million. The only two existing opponents in the food delivery business are Swiggy and Zomato, and both the companies are facing huge losses. Its US parent, Uber Technologies, is still recovering from a disappointing initial public offering in 2019.

Uber already has a two-wheeled electric scooter sharing platform with Yulu in Bengaluru. However, getting into two-wheeler renting business is also expensive in India, and the acquisition-led strategy decreases financial liability for Uber when compared to investing in assets directly.

The ride-hailing market in India is expected to touch $43 billion with an estimated 4.2 million vehicles plying on the roads by 2025, estimates from market research firm Frost and Sullivan showed. Currently, there are around 2 million vehicles in the ride-hailing segment in India, and a large part of it is dominated by Uber and its rival Ola in India.

We Are Hiring

Subscribe

Have confidential tip to share with us? Get in touch.