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Uber expanding in Asia; coming to India too?

To add to its expansion plans in Asia, US based private car hire online platform Uber has announced launch of its services in Taipei, Taiwan in just two days after it had launched its operations in Seoul, South Korea.

 With this Uber is now operational in 3 Asian countries which also include Singapore where it had launched operation in January this year.

The service is currently in stealth mode in Taiwan’s capital, and availability will be limited during the period. It will face competition from Taipei’s existing taxi services like Taiwan Taxi.

Uber being a technology driven company, connects its users with licensed, professional drivers and request transportation through its apps and mobile website. The business model of the company is quite similar to a ‘marketplace model’ wherein no vehicle or driver is owned by the company. Instead, it provides on demand services and charges directly from the credit card of the users.

Uber is also expected to launch its services in Bangalore, as highlighted by the job posting by Uber looking for an operations team to set up base in India. Apart from India, it is also looking to launch in a few more cities which include Beijing, Shanghai, Hong Kong, and Auckland. Though there is no official timeline given by Uber for regional expansion in these countries.

Uber has raised USD 50 million in funding, which include USD 37M in Series B funding from Menlo Ventures, Jeff Bezos, and Goldman Sachs.

It also has its presence in Australia, Europe and US and was founded by Travis Kalanick.

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