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Uber remains committed to investing in high-potential markets
Updated On: 16 November, 2018 12:13 PM IST | New Delhi | PTI
The company said it is on track for its initial public offering next year. Gross bookings from Uber Eats grew more than 150 per cent year-on-year to USD 2.1 billion (excluding Southeast Asia and Russia)
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Ride-hailing app Uber has said it will continue to invest in Uber Eats, and electric bikes and scooters businesses as well as in high-potential markets like India and the Middle East, even though its losses mounted to over USD 1 billion in the September 2018 quarter.
The US-based company registered USD 1.07 billion in losses in the quarter ended September, up from USD 891 million in the previous quarter. Its sales grew by about 5 per cent to USD 2.95 billion for the said quarter from the previous quarter. "We had another strong quarter for a business of our size and global scope.
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