Uber invests $10M in Indian fleet operator Carrum at $168M valuation

image via TechCrunch

September 9, 2026, 2:38 PM

• •Uber invested $10 million in Carrum Mobility in a Series B round, valuing the Indian fleet operator at about $168 million post-money.
• •Carrum says it operates about 5,100 vehicles across six Indian cities and has onboarded more than 18,000 drivers.
• •The company supplies vehicles for Uber Go, Premier, and Uber Black, and says it is Uber’s largest fleet partner for Black in India.
• •Founder Karan Jain said Carrum generated about ₹2.33 billion in revenue and about ₹70 million in net profit in the year ended March 2026.
• •Carrum plans to more than double its fleet to about 11,000 vehicles over the next 12 months and expand into more cities.

Uber has invested $10 million in Carrum Mobility, an Indian fleet management startup that supplies vehicles and drivers to its ride-hailing platform. Carrum founder Karan Jain said the round values the company at about $168 million post-money and gives Uber a mid-teens stake. The company operates roughly 5,100 vehicles across major Indian cities and is Uber’s largest fleet partner for Uber Black in India. Carrum says it will use the new capital to expand to more cities, improve its technology platform, hire staff, and grow its fleet to about 11,000 vehicles within a year.

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