Uber India to invest another $20 Mn in Everest Fleet

After its $30 million investment in September last year, global ride-hailing giant Uber is set to invest an additional $20 million (Rs 177.5 crore) in mobility firm Everest Fleet. This marks Uber’s third investment in the company, which operates and manages a cab fleet for the platform.

The board at Everest Fleet has passed a resolution to approve the issue of 9,682 Series C CCPS at an issue price of Rs 1,83,388 each to raise the aforementioned amount from Uber, according to its filing with the Registrar of Companies (RoC).

The Mumbai-based firm will…