Uber has invested $10 million in Indian fleet management startup Carrum Mobility in a Series B round as the ride-hailing giant increases its reliance on large fleet operators to supply vehicles and drivers in the South Asian nation.
The new investment values Carrum at ₹16 billion (about $168 million) post-money, founder and CEO Karan Jain told TechCrunch, up from a post-money valuation of ₹6 billion (around $63 million) after Uber invested $7 million in the firm in January. Jain said Uber now owns a stake in the “mid-teens” in Carrum.
