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As Uber Gears Up for IPO, Many Indian Drivers Talk of Shattered Dreams – Caravan Daily

As Uber gears up for IPO, many Indian drivers talk of shattered dreams In interviews in the metropolises of Mumbai, New Delhi and Bengaluru, more than 35 drivers said discontent against Uber was.

To be sure, many drivers from Uber are still earning more than they could get in other blue-collar jobs in India. The national minimum wage in India is only about $2.50 a day. "It’s not that we are making a fortune, but it does give us a livelihood," said Prakash KC, who earns around 38,000 rupees ($548) a month driving an Uber in Bengaluru city.

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At its core ride-hailing business, revenue was up by just 2% to $2.3bn although its food delivery service uber eats grew by.

. messenger-secure-messaging/editorial-communities-financial-forums INDIA TOP NEWS As Uber gears up for IPO, many Indian drivers talk of shattered dreams In 2016, Rajesh Raut started driving an.

They add that it is notable that it happened this time under a neutral weather pattern – that is, without an El Nino effect driving up temperatures. What Abbott did go on to say on Sunday was that he.

As Uber gears up for IPO, many Indian drivers talk of shattered dreams mounting debt from taxi loans was a key concern. Many drivers took loans to buy cabs, while some leased cars from the.

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As Uber gears up for IPO, many Indian drivers talk of shattered dreams To mark its IPO, Uber says it plans to pay $300 million to more than 1.1 million drivers, a so-called "appreciation reward.

Rajesh Raut, a former Uber driver, sits in the truck that he currently drives. — Reuters

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