Uber Appoints Arnab Kumar As Director of Business Development For India, South Asia

SUMMARY

Arnab Kumar has over 17 years of experience in the technology and financial services industries

Previously, Kumar, who holds a PG degree in management, finance, strategy & leadership, worked at Coinbase, NITI Aayog and Deutsche Bank

Earlier this week, Uber launched a group ride feature in India which allows users to share the ride with three other people while travelling to the same destination

Ride-hailing giant Uber has appointed former investment banker Arnab Kumar as the director of business development for India and South Asia.

Kumar has over 17 years of experience in the technology and financial services industries. Prior to this, he was associated with Coinbase as the director for India market expansion. Before that he worked as a program director at government think tank NITI Aayog. Kumar also worked for Deutsche Bank as an investment banker in Singapore and New York.

He pursued a post graduate program in management, finance, strategy & leadership from the Indian School of Business and holds a bachelor’s degree in information technology from the Birla Institute of Technology.

Commenting on the appointment, Uber India and South Asia president Prabhjeet Singh said, “During his work at NITI Aayog, he delivered impact and change at scale. Under his leadership, our business development team will continue to be a key accelerant for our partnerships and new growth opportunities.”

Kumar said, “India and South Asia present tremendous growth potential and I look forward to joining forces with the incredibly talented team at Uber and supporting the company’s growth ambitions in this important region.”

Uber is available across 125 cities in India. Customers can book a ride on its app on two-, three- and four-wheelers for their intracity and intercity travel needs. The company competes with the likes of Ola Cabs, Rapido, and BluSmart.

Earlier this week, Uber launched a group ride feature in India which allows users to share the ride with three other people while travelling to the same destination.

Earlier this year, the fleet operator also said that it will procure 25,000 electric vehicles from Tata Motors to introduce premium category service.

Uber India reported a net loss of INR 216 Cr in FY22, down 35% from INR 333.9 Cr in FY21. Further, its operating revenue increased by 4% year-on-year (YoY) to INR 396.95 Cr.