UBER Tata Overseas Fund

Tata Overseas Funds invests in Taxi Service Uber

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India corporate giant Tata’s private fund, Tata Overseas Fund announced today its first investment in a global business: Uber. It is not exactly clear how much was invested but reports claim it could be in the range of USD 100 Million.  http://www.livemint.com/Companies/3stUSqNMHesUdVi8NmLXTK/Uber-gets-investment-from-Tata-Capital-Fund-to-expand-in-Ind.html

Uber started services in India, 2 years ago and is currently serving 18 cities with about 150,000 drivers on board, growing at 40% month on month.

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