Bengaluru: The India business of cab hailing service Uber Technologies Inc. will not be hurt by the departure of the company’s chief executive and co-founder Travis Kalanick, Uber India president Amit Jain said in an interview. Some analysts said that the resignation of Kalanick, who was a big backer of the company’s India business, may cause uncertainty in the short-term at Uber India and boost rival Ola’s prospects. India continues to be a very strategic market for Uber, the investment in the India business is strong—so, nothing changes from that perspective,” Jain said. Jain, who joined Uber India in June 2015, declined to disclose the number of weekly rides or gross sales. Ltd and the management was working over-time to pacify employees and ease their concerns about the impact of Kalanick’s resignation on the India business.

Source: Mint June 30, 2017 00:11 UTC