Uber Lands Strategic Investment From One Of India’s Top Private Equity Funds

Uber is once again sharpening its focus on India after the U.S. company announced it has landed a strategic investment from Tata Opportunities Fund (TOF), a third-party private equity fund sponsored by Tata Capital, one of India’s largest wealth management organizations. The size of the investment has not been disclosed, but it is described as “significant.” TOF is around $600 million in size, of which $400 million has been committed to date across engineering, hotels, real estate and other verticals. The fund is backed by Tata Capital, and this closer alliance will help Uber “expand its services and solutions in India” using the fund and Tata Capital’s extensive network. The deal is also notably TOF’s first investment in a non-Indian company.