Cab-hailing behemoth Uber has completed 500 million (50 crore) trips in India since its launch four years ago. The San Francisco-based company has given India-specific figure for the very first time.
Uber said it has registered double digit growth in the country and almost 2.5 times annual increase in business as of June 2017.
“This is a significant landmark for Uber in India. Four years ago, we launched in Bengaluru with just three employees. Today, we are over a 1000 member team,” said Uber’s President for India and South Asia Amit Jain in a statement.
The news of 5 million trips come at a time when Uber inched ahead of rival Ola in March this year, on the basis of app downloads in the seven biggest cities. Uber accounted for 47.3 per cent of all cab-hailing apps installed, higher than the 43.7 per cent for Ola, at the end of March, according to a report by research firm KalaGato.
The study took into account app downloads in seven cities – Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Ahmedabad. Independent analysts say the two companies are neck-and-neck. However, both companies claim to have an upper hand (in terms of market share) on another.
Uber claims that 25 per cent of Uber rides are availed through uberPOOL. uberPOOL made debut in India in September last year, and currently available in six cities including Delhi, Bengaluru, Mumbai, Pune and others.
The company claims to have over 450,000 registered driver partners in India, and has plans to create one million livelihood opportunities for micro-entrepreneurs in India over the next 18 months.
“Today, we’re over a 1,000 member team who share the common vision of redefining the future of urban mobility. Achieving new milestones and continuing our exponential growth journey is a reflection of a strong business we’re building in India,” added Amit.