Uber India, a provider of app based taxi services, announced an additional USD 1 billion to India in the next nine months. The company intends to expand and improve operations, venture into newer cities, develop new products as well as payment solutions, and establish a support network.

"Uber has grown exponentially in India, a global priority market for us, which has also quickly become the largest market geographically for Uber outside the US. We are continuing to see robust 40% growth MoM and with more investment in product, hiring, and payment solutions, we expect to grow at an even faster rate. With this investment and the strong rate of growth we are seeing, we expect to hit over 1 million trips per day in the next six to nine months,'' said Amit Jain, President, Uber India.

''We are extremely bullish on the Indian market and see tremendous potential here. India is one of Uber's big priorities, along with China and uberPOOL.  All three have the ability to significantly improve people's lives, as well as build a great business,'' Jain said.