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Uber eyes B2B logistics push in India through state-backed open commerce network
Uber is entering India's growing B2B logistics market by extending its partnership with the Indian government-backed nonprofit that aims to break the
Uber is entering India’s growing B2B logistics market by extending its partnership with the Indian government-backed nonprofit that aims to break the domination of the e-commerce duo Amazon and Walmart-backed Flipkart and widen digital commerce in the South Asian nation. Nonetheless, Uber is facing growing competition in the Indian ride-hailing market from local players, including emerging ones like Rapido(WestBridge Capital and Nexus Ventures-backed) and Namma Yatri(Google, Blume Ventures, and Antler-invested). Alongside its B2B logistics play, Uber has rolled out metro ticketing on its rider app powered by ONDC, based on the memorandum of understanding that the company signed with the Indian government-backed nonprofit during CEO Dara Khosrowshahi’s visit to India in February 2024.
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