Uber India Systems Pvt Ltd, the Indian arm of ride-hailing giant Uber, saw its net revenue from ride-hailing collapse in FY25 even as commissions from ride (gross revenue) activity remained flat.
According to its consolidated financial statements for the year ended March 31, 2025, net revenue from ride-hailing fell 89% to Rs 88 crore in FY25 from Rs 807 crore in FY24. Interestingly, the sharp decline comes despite the ride-hailing biz’s gross revenue (commissions from rides) remaining flat at Rs 2,604 crore during the year.
The gap between flat gross…

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