Kathmandu, April 18 -- Uber, an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport worldwide, plans to foray into the Nepali market, further heating up the already competitive local landscape, at least four sources privy to the matter said.

The company, headquartered in San Francisco, plans to enter service within a month, according to them.

Uber operates in approximately 70 countries and 15,000 cities worldwide. It is the largest ride-sharing company globally, with over 202 million monthly active users and 10 million active drivers and couriers.

It coordinates an average of 42 million trips and delivery orders per day, and has facilitated 72 billion...