Uber Technologies Inc‘s chief executive Dara Khosrowshahi aims to deliver a profit by pursuing growth from emerging markets such as India. Uber’s stock plummeted 27 percent after a lukewarm initial public offering in May this year, but now the venture-funded private company is aggressively pushing into new markets, and will offer additional services such as Uber Works, a listing service for all kinds of temp workers.
India is a vast, relatively untapped market where Uber can demonstrate rapid growth. It’s also a laboratory for innovation in terms of new modes of transportation, Khosrowshahi said at an interview in Bangalore end October. “Our fastest-growing segments are some of the new segments — two- and three-wheeled vehicles,” he noted as he unveiled a feature to link Uber’s services to New Delhi’s public transport system.
Uber will continue to invest in India, and the chief executive is confident his team can build products that are a fit not just for India but will be exported to growth regions of the next decade — from the Middle East to Africa.
