Uber brings food, rides businesses in India under local entity

An UberEATS food delivery courier stands in front of his bike in London, Britain September 7, 2016. Picture taken September 7, 2016. To match FOOD-DELIVERY/ REUTERS/Neil Hall

Ride-hailing app Uber has brought its rides and food delivery businesses in India under Uber India Systems Pvt Ltd, a private limited liability company established in India, with its registered office at Navi Mumbai in a bid to be compliant with local regulations, according to one person, who did not wish to be identified.

On Tuesday, the company shared its new terms and conditions via its ride-hailing app as an update. The document, effective 1st October 2019, mentions Uber India Systems while the previous version mentioned Uber B.V., a private limited liability company established and registered in the Netherlands.

This development was first reported by the Economic Times on 4 October.

“Uber will always be compliant with the laws and regulations of the regime, wherever it is registered. If you register in India, it becomes more convenient in terms of legalities, compliance and from the point of view of the ease of doing business here,” the person cited above said.

“Uber users were notified via the app. If you operate in India, the entity should be based here,” the source added.

An Uber spokesperson also confirmed Rathod’s plans to move on from the company.

“After six memorable years with Uber, first with the Rides business and then as head of Uber Eats India and South Asia, Bhavik Rathod has decided to pursue his entrepreneurial dream of setting up his own startup and will be leaving Uber in October. During this interim period, and until a replacement is hired, Raj Beri, the head of Uber Eats APAC and EMEA, will manage Uber Eats India/SA,” the spokesperson said.

This article was first published on livemint.com

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.