Uber is entering India’s growing B2B logistics market, which is expanding partnerships with the Indian government -backed non -profit profit, which aims to expand the e -commerce pair of Amazon and Walmart -backed flip carts and digital trade in the South Asian nation.
On Monday, the riding -affected Dev announced that she would soon launch its B2B logistics service through the Open Network for Digital Commerce (ONDC) to help the business on the network access Demand Logistics through a 1.4 million driver network of Uber, without any specific timeline. This service will initially enable food supply for businesses working on the open network, but it aims to increase e -commerce, grocery, pharmacy, and even health care logistics.
With its new move, Uber will be available as a logistics service provider in the ONDC, which includes Shiproketes (Timasic and Paypal -backed), Shadow Fax (TPG, Qualcomm Ventures, and eight road -backed, recent Indian -backed Loads, and Tiger Glory.
It will be a white label service and will work so Uber DirectFor, for, for,. Launched In 2020, in the United States, but will be limited to the business available on the ONDC network, the person familiar with the project told Tech Crunch.
B2B Logistics in India follows Uber’s refreshing Courier XL Earlier this month, the Delhi NCR and Mumbai help consumers to provide three and four wheels carriers to provide a large equipment of £ 1,653 to the company’s rider app. The company has also been offering a regular courier package service on two wheels for some time.
Usually seeing logistics makes sense for Uber because the Indian is the logistics market Is expected to grow 49 % In the financial year 2028, 9 trillion Indian rupees ($ 105 billion) from the financial year 2028, up to 13.4 trillion Indian rupees ($ 157 billion). The move will help Uber get another business issue in India, 41.1 % year -by -year increase Last year, its operating income in the country is up to 9439 million. Last year’s results also showcase collections of 21.45 % of YOY rising YOY of long operating revenue of $ 94.27 million.
Nevertheless, Uber is facing Rising competition In the Indian riding market by local players, which includes emerging people Sharp (Supported by West Bridge Capital and Nexus Ventures) and Namma pilgrimage (Investing in Google, Bloom Ventures, and Antler). Its new domains, such as logistics, are expected to help San Francisco’s company maintain India as an important market.
Along with its B2B logistics play, Uber has developed a metro ticketing on its Rider app run by ONDC, based on the memory of understanding that the company Signed Darius Khusrooshahi’s visit to India in February 2024, with an unprecedented profit -backed profits by the Indian government. Delhi Metro tickets are first available through the Uber app, while the Metro tickets will go directly to three more Indian cities later this year.
Launched in 2021, the ONDC launched India’s move to promote digital trade and allow small retailers to go online and reach more and more consumers. Network too Expanding in the sector of mobility In 2023.
The ONDC was initially designed to copy the success of the Indian Government’s Unified Payment Interface, which aims to adopt digital commerce. However, he has struggled to get a traction, as his open network model has yet to win big players in the industry. Recent -led drugs Even with his former Managing Director and CEO TTKI, he has increased his challenges, which has withdrawn from the lowest position last month. Even retail order on the network A lack of about 34 34 % From the peak of 6.5 million in October to 4.3 million in April.
“Uber’s Metro ticketing and the initial capacity of logistics have opened up new possibilities – from smooth multi -modal journey to uniting a scattered logistics ecosystem.” “With this cooperation, Uber on the network is the basis of future innovations, increasing the cost of landscapes of consumers, partners and wider movements and services.”