Uber’s ride in India could get bumpier as China’s Didi Kuaidi jumps on board Ola

Uber’s biggest rival in India, Ola, has raised $500 million (Rs3,306 crore) in a series F funding round from a clutch of investors including Didi Kuaidi, China’s leading taxi-hailing company.

Other investors who participated in this round include Scotland-based investment firm Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, and DST Global. “Ola will use these funds to further accelerate its growth in the Indian market with a focus on building mobility for a...

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