Indian auto conglomerate Tata invests in Uber. This is not a simple entry into the capital, but according to what the Financial Times of a real one “strategic partnership”, for which the Asian group has put up 100 million dollars on the plate. The agreement between the Californian ride-sharing application and India's largest company by turnover does not come by chance: just last month Uber announced 1 billion in investments to give a decisive boost to its business in the Asian continent, particularly in China.
China and India are at the heart of Uber's plans, which in the former English colony it is already present in 18 cities: its largest market, in terms of locations, outside the United States of America. The conquest and strengthening of this market, explains the FT, "will be decisive for Uber to justify its monstrous valuation of 50 billion dollars". At the moment Tata declined to comment on the deal, even though a person very close to the negotiation confirmed to the FT the amount of the investment, which should in fact be around 100 million dollars.
