Uber's 2015-16 India revenues up five-fold to Rs 374 crore, beats rivals Meru & Easy Cabs

San Francisco-headquartered radio Taxi giant Uber, which forayed into the Indian market three years ago, has zoomed ahead of homegrown rivals like Meru Cabs and Carzonrent, which operates Easy Cabs. 

As per an exclusive story published in Economic Times, Uber's revenues in India grew over five-fold to Rs 374 crore in 2015-16, according to a filing with the Registrar of Companies (RoC), while Meru posted revenues of Rs 323 crore during the same period.

Easy Cabs, on the other hand, clocked sales of Rs 216 crore. Uber's biggest Indian rival Ola is yet to declare its numbers for the same corresponding period.

Uber's revenues in India grew over fivefold to Rs 374 crore in 2015-16, according to a filing with the Registrar of Companies (RoC), while Meru posted revenues of Rs 323 crore during the same period. Easy Cabs, on the other hand, clocked sales of Rs 216 crore. Uber's biggest Indian rival Ola is yet to declare its numbers. 

Just a year ago, both these rivals were four times bigger than Uber in India. In 2014-15, Meru had revenues of Rs 289 crore while Easy Cabs posted sales of Rs 263 crore.Uber's sales, in comparison, stood at Rs 69 crore.