Prabhjeet Singh, who led Uber’s India operations for over ten years, has stepped down from his role. Singh joined Uber in August 2015 and was named President of India and South Asia in June 2020. An Uber spokesperson confirmed Singh’s exit to pursue another leadership opportunity, with reports indicating he will join a frontier technology company, according to inc42.com.
Singh’s leadership saw Uber India maintain a dominant position in the ride-hailing market for several years. Prior to Uber, he spent nearly a decade at McKinsey and worked at Lehman Brothers before its collapse. Despite Uber’s early success, newer competitors like Rapido and Namma Yatri have challenged its market share in recent years, prompting Uber to shift from a commission-based model to a subscription-based approach to drivers, inc42.com reported.
The ride-hailing sector in India has become increasingly competitive, with Rapido gaining significant traction through its subscription model. Uber’s strategic pivot reflects the evolving dynamics in the market, where subscription services have disrupted traditional commission structures. Singh’s departure comes at a time when Uber India is navigating these challenges while aiming to sustain growth amid rising competition, according to inc42.com.
An Uber spokesperson highlighted the company’s commitment to India as a key market and thanked Singh for his leadership and contributions over the decade. Singh’s next role in the frontier tech space is yet to be officially announced. Uber India continues to adapt its business strategy to maintain its position in the evolving ride-hailing ecosystem, inc42.com stated.