Uber India reports Rs 21.5 crores as revenue for March end of FY18

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Uber India, a subsidiary of U.S. based ride-hailing company Uber on Wednesday announced that “The company has reported Rs 21.5 crore as revenue in March ending of the Fiscal year of 2018.”

In the filling at corporate affairs ministry, Uber India said that “The company saw a year on year growth in its business in India to Rs 21.5 crore in FY18 of March end. The company also posted total revenue of Rs1.04 crore in 2016-2017.”

The document accessed by business intelligence platform Tofler, the company said that “We have also reported high growth in the net profit in Indian business from Rs 19.6 lakh in 2017-18 as compared to Rs 3.2 lakh reported in 201-17.”

Uber CFO, Nelson Chai in its statement said that “As we look ahead to an IPO (initial public offering), and beyond, we are investing in future growth across our platforms, including food, freight, electric bikes and scooters, and high-potential markets in India and the Middle East where we continue to solidify our leadership position.”