Uber’s Policy Chief in South Asia Quits

On Monday, the chief of policy of Uber in India and South Asia has quit the online taxi company according to the two sources who are familiar with the matter.

South Asia's Chief Policy of Uber Quits

According to the sources, Shweta Rajpal Kholi, a previous Indian journalist who joined Uber last year, will be joining the cloud-based software which is the maker of Salesforce.com Inc.  next month.

Uber already confirmed on Tuesday that Kohli had left the company.

Kohli’s tasked in the online taxi company is to build the company’s relations with regulators and government officials in India, a market where Uber has faced some several regulatory and reputational hurdles.

A source said that Kholi was leading the government engagements in the influential circles, which means that her exit in the company is a step back for Uber.

Back in October, the company has lost its European chief of policy, right after the departure of Uber’s top boss in Britain. Now, Kohli is the latest senior executive to quit Uber.

Uber India is the second-biggest market next to the United States. It is operating in over 30 Indian cities and it strives with Ola, a ride hailing service supported by Japan’s SoftBank.

SoftBank to Consider Investing in Uber

SoftBank Group Corp in Japan is considering investing in Uber Technologies Inc. on Tuesday. However, there is still no final agreement between the two companies.

SoftBank Considering Investing in Uber

"If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may not make an investment," the SoftBank Group stated.

This week, Uber said that the planned deal with SoftBank and Dragoneer Investment Group was moving forward. According to the two people who are familiar with the deal, the worth of the 

investment could go up to $10 billion.

SoftBank and Dragoneer are both leading a consortium which they plan to invest $1 billion to $1.25 billion in Uber, one of the most highly valued venture-backed company in the world, they also plan to purchase the 17 percent of the existing shares in a secondary transaction.

The progress in the negotiations of the companies came after the striking peace deal between Benchmark, an early investor with a board seat in the ride-services company and the former Uber Chief Executive Travis Kalanick, which led to the agreement over the terms of the planned investing of SoftBank.

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