Uber Files For IPO  

Bengaluru: Online ride-hailing platform Uber has announced to double its workforce in the product and engineering departments -- from over 500 to more than 1,000 'technologists' -- at its Bengaluru and Hyderabad facilities next year.

Uber India aims to hire full-stack teams that include product managers, product designers, data scientists, user researchers, mobile, front-end and back-end engineers, as well as Machine Learning (ML) and Artificial Intelligence (AI) experts, the company said in a statement late Friday.

"In 2018, our tech teams grew by 150 per cent and we are focused on doubling down again in 2019," said Apurva Dalal, Head of Engineering, Uber India.

According to the company, its tech centres in Bengaluru and Hyderabad are critical to the global mission of developing urban mobility solutions for everyone.

"Engineers are working on exciting areas of Customer Engagement, Rider access (next billion riders), Uber Eats, Maps, Marketplace and Data platforms," informed Dalal.

Uber said it will continue to hire talent from top engineering universities in the country.

Uber Engineering India has developed some key innovations such as Uber Lite which is a lighter and faster version of the main app.

Uber currently operates in 31 cities in the country and aims to take its services to other, deeper parts of the country.

Meanwhile, the cab hailing app has filed paperwork for its initial public offering (IPO), The Wall Street Journal reported on Saturday citing people familiar with the matter.

The details of Uber's filing, including the exact day of filing the paperwork, were not known.

According to reports, the company's most recent private valuation was $76 billion, when it sold a roughly $500 million stake to car maker Toyota.

The Uber's IPO move came a day after Lyft, its main competitor in the US, deposited paperwork with the Securities and Exchange Commission (SEC) for an IPO.

Also Read: Uber To Double Workforce In India, Hire More Engineers In 2019

IANS