The Uber smartphone app is pictured over a parking lot in the Indian capital New Delhi. Rival Ola has received US$2 billion in new funding from Softbank and Tencent. Photo: AFP

Indian ride-hailing firm Ola raises US$2bn from investors led by SoftBank, Tencent

Deal will help the start-up build up vehicles and drivers to compete against Uber in India’s US$10bn ride-hailing market

Topic |   Tencent

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The Uber smartphone app is pictured over a parking lot in the Indian capital New Delhi. Rival Ola has received US$2 billion in new funding from Softbank and Tencent. Photo: AFP
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