Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Uber to invest $50M in Hyderabad to set up biggest global office

Uber to invest $50M in Hyderabad to set up biggest global office

Tuesday July 07, 2015 , 2 min Read

Taxi-hailing app Uber will invest USD 50 million in Hyderabad over the next five years to establish a facility that will house hundreds of its employees and would be its biggest international office.

The US-based company today signed an agreement with Telangana government for setting up of the "state-of-the-art facility" as it is ramping up India operations.


yourstory-uber-hyderabad

The company recently expanded its services to seven Indian cities, making it the largest geographical market outside the US. "This MoU is a visionary step and a significant milestone in how governments and Uber are working together around the world to develop smart cities," it added.

According to PTI, Uber and the Telangana government will partner to create socio-economic opportunities for women and people for resource-poor sections of society.


Read More:

6 ways the Uber-Ola generation of entrepreneurs are changing our world

How taxi aggregators like Ola and Uber are bringing micro-entrepreneurship to students


"Uber will collaborate with the Telangana Academy for Skills and Knowledge (TASK) to identify and train over 2,000 candidate by the end of 2016 who will then drive on the Uber platform," the statement further said.

In May, Uber appointed Rent.com's Amit Jain as its new India head. Earlier this year, Uber decided to accept cash payments in Hyderabad, a first in its global operations.

Image Credit : Shutterstock


Read More: This is the real reason why Uber fell into a regulatory soup and here’s why it is relevant for your startup