India becomes the third country in the world with a million Uber drivers

In the quarter ending March 31, Uber witnessed a 15% surge in global revenue from the previous year, reaching $10.13 billion

According to a report in The Economic Times, during Uber's earnings call for the March quarter, CEO Dara Khosrowshahi revealed that the company now has over 1 million drivers globally. India has become the third country, after the United States and Brazil, to reach this driver milestone for Uber.

The ET quoted Khosrowshahi as saying, "We continue to see healthy audience growth of 17 per cent due to continued penetration into new geographies and expansion of new use cases, along with consistent frequency growth."

In February, the CEO had told the ET that he was confident that the company would reach the 1-million-driver mark in India. "There's one other market in the world, Brazil, which has broken a million. I'm quite confident we will break that in India. The earnings [of driver-partners] here are well above the minimum wage, and it's a flexible way to earn," he had said.

Khosrowshahi further noted that India has emerged as one of Uber's fastest-growing markets, evident in both its bookings and transactions. While larger markets typically see more gradual growth, India has distinguished itself by experiencing rapid expansion.

In the quarter ending March 31st, Uber reported a 15% increase in global revenue compared to the previous year, reaching $10.13 billion, which includes earnings from both its mobility and delivery businesses. However, the company also reported a net loss of $654 million, in contrast to $157 million from the prior year. Additionally, the platform saw a 15% increase in monthly active users worldwide, totaling 149 million.

In his prepared remarks, Khosrowshahi highlighted Uber's strategy to drive user growth by expanding its presence in existing core markets and entering new consumer segments.

Earlier this year, in February, Uber signed a memorandum of understanding (MoU) with the Open Network for Digital Commerce (ONDC) to explore potential integration with the network. This collaboration aims to broaden the range of mobility options available on the Uber app.

"We are excited to take our first step through this MoU with ONDC to explore how we can accelerate our ambition to make Uber a platform for every Indian's daily mobility needs," Uber India and South Asia, President, Prabhjeet Singh had said.