Uber narrows losses on India growth

India is the largest market for Uber outside of its home market, the US

Uber, the on-demand ride service, trimmed its quarterly loss to $708 million on rising revenue; it also confirmed on Thursday the company’s head of finance is leaving. Gautam Gupta will depart Uber in July to become chief operating officer at a younger start-up in San Francisco, according to the company.

Uber said its revenue during the first three months of this year rose some 18 per cent to $3.4 billion, but the company logged a loss of $708 million without taking into account stock compensation for employees. It was helped by strong growth in markets such as India. The narrowing of