"There has been a clear conversation that this is the last deal where Uber will take a minority stake," said a source familiar with Uber's thinking. "The situation in India is different (from Southeast Asia)," said Frederic Giron, vice president and research director, of consultancy Forrester. "The market is much bigger and they (Uber) do not have the same profitability issues that they faced in Southeast Asia. Ola, which is in 110 cities, has more than a 45 percent share, according to Counterpoint Research. "Uber is not going to quit any time soon," said the industry source who has worked with ride-hailing companies.

Source: Economic Times March 28, 2018 14:55 UTC