India, Feb. 26 -- Ride-hailing major Uber has infused nearly Rs.3,000 Cr (around $330 Mn) into its Indian unit as competition in the market heats up.

The company's India arm, Uber India Systems, allotted 14.4 Mn equity shares at an issue price of Rs.2,022.85 each to raise Rs.2,921 Cr, according to filings with the Registrar of Companies.

The investment came from its parent, Uber B.V., in two tranches. It first invested Rs.200 Cr in November, followed by a Rs.2,721 Cr investment earlier in January.

The fund infusion comes amid pressure on Uber India's financial performance. In the fiscal year FY25, Uber India's net loss soared almost 15X to Rs.1,511 Cr, from Rs.89 Cr loss incurred in the previous fiscal. Its gross revenue, which include...