Uber India’s ride-hailing losses surge

Uber India reported a consolidated loss of Rs 1,512 crore in FY25, up sharply from Rs 89 crore in the previous fiscal, as its ride-hailing business bore the brunt of intensifying competition.

According to the company’s consolidated financial statements for the year ended March 31, 2025, net revenue from ride-hailing collapsed 89% to Rs 88 crore from Rs 807 crore in FY24. The decline is striking given that gross revenue from ride commissions remained flat at Rs 2,604 crore during the year, pointing to a widening gap driven entirely by incentive payouts.