Uber Bike Taxi

Rolled out first in Bengaluru, Uber has plans to scale it up in other top cities such as Delhi, Mumbai, Kolkata, Chennai, and Hyderabad

The stock jumped about 4.6% in premarket trading in New York. It has more than doubled over the past 12 months

When contacted, an Uber spokesperson said, 'Uber continues to provide a high level of service to all its riders in Mumbai'

Demand for the Eats business grew 89 per cent in April, excluding India, and we've seen an enormous acceleration in demand since mid-March, Khosrowshahi said

Is bike-taxi service the next big thing ?

At present, Uber is doing more than 4 million rides a day. In order to expand its service, the company is willing to partner local players

The company is willing to partner local players that have a similar offer and would like to come on their platform

Uber had restarted its bike taxi pilot in Bengaluru, pivoting it to a ride-sharing model in order to navigate the restrictions placed by the Karnataka government