7
Uber India's FY23 revenue grows but losses also increase
source link: https://nextbigwhat.com/uber-indias-fy23-revenue-grows-but-losses-also-increase/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Uber India’s FY23 revenue grows but losses also increase
- Uber India’s revenue rose by 54.46% to over Rs 2,600 Cr in FY23, but losses also increased by 57%.
- The company’s restructuring, merging Uber India Systems Private Limited with UIRDPL and XLI, boosted revenue to Rs 2,666 Cr, with ride-hailing accounting for 25%.
- Despite the parent company’s profitability in Q2 2023, Uber India continues to struggle with increasing costs and dissatisfaction among its driver partners.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK