Uber , the ride hailing company, business growth rate is at 40% every month in India. It's the second largest market for them after the US. They hope this investment of one billion dollars will lead to over one million trips a day.
There has been problems in India for Uber with passenger safety concerns and payments they couldn't accept. Uber hopes those problems are behind them now in India with implementation of a panic button for passengers in emergencies to call local police and being able to accept more payment options, like cash.