Uber India president Prabhjeet Singh exits after a decade as losses balloon 15X
Uber's India & South Asia chief Prabhjeet Singh has resigned to join a frontier tech firm, exiting after over 10 years. The departure lands as Uber India's FY25 net loss widens 15X to ₹1,511 Cr on ₹2,604 Cr gross revenue, with Rapido and Namma Yatri eating share in ride-hailing.
What happened
Prabhjeet Singh, Uber's India & South Asia president for over a decade, has resigned to join a frontier tech firm. Exit comes as Uber India faces rising
Key facts
- ₹3,000 Cr investment
- ₹1,511 Cr FY25 net loss
- ₹2,604 Cr FY25 gross revenue
- 15X loss increase
Why this matters
Leadership vacuum plus widening losses creates a window to explore partnership, JV, or asset-level deals with Uber India as it likely recalibrates its South Asia footprint.
What to watch
- Q3/Q4 FY26 MoM ride volume share data from third-party trackers
- Rapido's next funding round valuation — signals competitive moat
- Any Uber global earnings call mention of India losses or strategic review
- Regulatory ruling on bike-taxi legality in key states
- Senior exits cascading below president level (city GMs, product heads)
- Namma Yatri / ONDC mobility volumes crossing material thresholds
- Watch for successor announcement within 60 days — internal (continuity) vs external hire (reset signal)
- Driver subscription rollout expansion beyond pilot cities
- Quiet shutdown or rebranding of underperforming verticals (Uber Moto, Intercity)
- Renewed lobbying on aggregator rules in Karnataka/Maharashtra to constrain Rapido's SaaS workaround
- Possible India-specific product launches (rentals, women-only, EV fleet tie-ups) to differentiate
Also reported by
- Inc42 · Buzz — Same time