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Uber to invest $50M to set up facility in Hyderabad

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UberTaxi-hailing app Uber will invest USD 50 million in Hyderabad over the next five years to establish a facility that will house hundreds of its employees and would be its biggest international office.

The US-based company today signed an agreement with the Telangana government to set up a "state-of-the-art facility" as it is ramping up India operations.

The company recently expanded its services to seven Indian cities, making it the largest geographical market outside the US.

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Earlier this year, Uber decided to accept cash payments in Hyderabad, a first in its global operations.


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