Uber chief executive Dara Khosrowshahi has said the taxi-hailing company is committed to investing further in the Indian market while keeping an eye on "eventual profitability". Khosrowshahi told PTI that India is among the top three markets (US and Latin America being the other two) for Uber and it accounts for 10% of all trips globally. "I can tell you that India is a key component of our growth plan. In fact, it is one of our healthiest markets in terms of growth rates. We have over 300,000 active drivers and we currently do over 10 million weekly trips. We think, we can increase that by 5X or 10X over the next 10 years," Khosrowshahi said. While profitability remains a challenge, Uber has invested substantially in India. In 2015, the company announced an investment of $1 billion in the country to expand its services. It has also set up a response and support centre in Hyderabad with an investment of $50 million. But the recent sale of it's South East Asia business to Grab, which follows similar moves in Russia and China, has led to speculation of a potential merger between Uber and Ola in India. Softbank which is a key investor in Ola, picked up a 15% stake in Uber earlier this year. Khosrowshahi was coy but not entirely dismissive when asked about a potential merger with its chief rival in India, he said the company will "look at any deals that can add value to its partners and…
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