Uber India raises Rs 2,539 crore from its parent entity Uber BV

Uber India has raised Rs 2,539 crore from its parent entity Uber BV (the Netherlands). The Indian subsidiary has also moved data of its business and individual users (from its rides and Eats platforms) from Uber BV to the Indian unit.

Uber India Systems Private Limited (UISPL), registered in India, is held by Uber International Holding BV and Uber International BV.

UISPL said in a September valuation report by BSR & Associates that its India Rides Intangible Asset and India Eats Intangible data were maintained by the Dutch entity.

Two transactions were carried out as part of this fundraising — UISPL raised funds from Uber BV while the business contracts and user information was transferred from the Dutch entity to the Indian entity (UISPL).