Moneycontrol
HomeNewsBusinessCompaniesUber ties up with Times Internet for India expansion
Trending Topics

Uber ties up with Times Internet for India expansion

Under the agreement, Times Internet will work on promotions to increase awareness about Uber and also help the US -based taxi company localise its services for India.

March 23, 2015 / 15:20 IST
Story continues below Advertisement

FUber Technologies Inc, the online ride-hailing company, has entered into a "strategic partnership" with Times Internet, as it looks to expand operations in India, its largest market outside the United States.

An Uber spokeswoman said Times Internet, the digital arm of the Times of India media group, would invest "well under" one billion rupees (USD 16 million) in Uber, that is worth an estimated USD 40 billion.

Story continues below Advertisement

"The deal is centered around a commercial marketing arrangement accompanied by a small investment," Uber said in a statement on Monday.

Under the agreement, Times Internet will work on promotions to increase awareness about Uber and also help the US -based taxi company localise its services for India.