Latest News | Uber India Systems Losses Narrow to Rs 89 Crore in FY24

New Delhi, Mar 19 (PTI) Uber India Systems has reported a narrowing of losses to Rs 89 crore for the financial year 2023-24, according to financial data accessed by business intelligence platform Tofler.

Its revenues for FY24 stood at about Rs 3,860 crore, rising 41 per cent over the last financial year.

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An email query by PTI to Uber about the financial performance did not elicit a response.

"Uber India Systems Limited, a ridesharing, taxi cab, and transportation network company reported its revenues for the financial year 2023-24 as Rs 3,860 crore, a 41 per cent jump since the last financial year. The company further reported a net loss of Rs 89 crore during the same fiscal," Tofler said.

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The company's total expenses for the fiscal were reported as Rs 3,977 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)