Uber India cuts losses by 71% to Rs 89 crore in FY24, revenue jumps 41%

Uber India Systems Private Limited, a ridesharing, taxi cab, and transportation network company, reported its revenues for the financial year (FY) 2023-24 as Rs 3,860 crore, a 41 per cent jump from the previous financial year, according to the business intelligence platform Tofler. The company further reported a net loss of Rs 89 crore during the same financial year, a 71 per cent decrease from the previous year. The total expenses of the company, which competes with Ola and Rapido, for the fiscal were reported as Rs 3,977 crore.