Citing a source, Bloomberg suggests that Microsoft has considered this investment and Indian media conglomerate Bennett Coleman’s Times Internet is also investing. Uber spokeswoman Kristin Carvell said that they had filed for authorizing such a funding two months back but would not like to comment on any kind of speculation. In March 2015, Uber had said that Times Internet could invest “well under” $16 million as a part of their strategic partnership. Times Internet is the digital arm of the Bennett Coleman & Co. A day before news of the funding, Uber had announced that it would invest about $1 billion in India and after a period of about 9 months, it would further expand it’s operations and services to make it the biggest market here, apart from the US. Uber currently operates in about 57 countries.
