San Francisco-based cab aggregator Uber announced that it has completed 500 million trips in India since its launch in the country in 2013.
The trips add up to mark Uber’s Six billion trips worldwide ever since its launch in 2010. The company entered Bangalore in 2013 and has expanded to 29 cities in India till date. The company also said that it has registered double digit growth in the country and almost 2.5 times annual increase in business as of June’ 2017.
It’s a major milestone for Uber, which said it is “winning in India,” its largest overseas market.
The demand for Uber, which operates in 29 cities in India, surged by almost 2.5 times between June 2016 and June 2017, the app aggregator said. India was the 18th market for the San Francisco-headquartered company when it entered the nation.
At the time when Uber entered India, it competed with a slew of cab services including kaali peeli in several states, Jugnoo, Meru, and Ola, which was also in its nascent stage at the time. Since then, Ola and Uber have established dominance in the market by employing aggressive price wars that other cab companies couldn’t match. A person familiar with the matter said Ola, which operates in 110 cities in India, has “easily” witnessed “twice” as many number of rides in the country.
With over five million weekly active riders in the country, India continues to be one of the biggest markets for Uber, outside the US.
Despite very low rates of car ownership—just 18 vehicles per 1,000 people in India compared to 797 in the US, India suffers from some of the worst traffic congestion problems in the world.
The company also claimed that its ridesharing product UberPool has become highly successful, and helps reduce air pollution.