Why there's a lot riding for Uber in India

While Uber has often said that India is a high-growth market, the prospectus also pointed out that the country is among the few where average revenue per bookings is low, apart from facing stiff competition and regulation. "Greater competition in markets like India and the United States along with the onboarding of large-volume restaurants at a lower service fee has also resulted in the decline of Uber Eats' take rate to 10 per cent in 2018 from 12 per cent in 2017," the company said. Overall, Uber generated revenue of $11.3 billion in 2018, of which $9.2 billion came from its ride-sharing services, $757 million from food delivery service Uber Eats and $125 million from Uber Freight.