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Carrum Mobility

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Uber doubles down on Carrum Mobility with fresh $10M investment

Uber has put another $10 million into Indian fleet operator Carrum Mobility through a Series B round, pushing the startup's valuation to about $168 million, up from $63 million after Uber's earlier $7 million investment in January. Uber now holds a mid-teens stake in Carrum, which operates roughly 5,100 vehicles and over 18,000 drivers across six Indian cities and generates about $45 million in annualized revenue.