Uber India cuts losses by 71% in FY24, revenue jumps 41%

Online cab booking service Uber has cut its losses in India by 71 per cent during the financial year 2023-24. The company reported Rs 89 crore in net loss, down from Rs 311 crore during FY23 as revenue from operations jumped 41 per cent to Rs 3,761 crore in FY24 from Rs 2,666 during the previous fiscal, according to the data sourced from the business intelligence platform Tracxn.