US ride-hailing company Uber on Friday said the company is always looking at acquisitions in the US and abroad, and has made the correct decision to take a minority stake in Zomato.
In an interview to Startup Street, Dara Khosrowshahi, the chief executive officer, said Uber aims to be the number one and number two player in the markets it operates in, rather than number three or number four.
Khosrowshahi said the vision for growth is absolutely there, but it is growth that makes sense, "We have been sellers in some spots, but we have been buyers in some as well. The point is consolidation has got to happen. There has been too much capital chasing too many companies that make sense when you are in growth mode. But at some point that growth has to consolidate so that you have got growth and you have got consolidation."