New Delhi: Uber is open to forming alliances in the Indian market but will not agree to a deal where it ends up with a minority stake. We have clear strengths in the Indian market and see huge potential. Uber is "doubling down" on its investment in the Indian market, pumping in funds to expand its products, partnerships and technology headcount in the country, he added. There have been reports about Uber and rival Ola joining forces in the Indian market. The speculation got stronger after SoftBank - an investor in Ola - joined Uber as an investor committing itself over $1 billion.

Source: The Telegraph April 18, 2018 19:07 UTC