For Uber Inc., the world’s most valuable start-up, India is a market it cannot afford to lose, especially considering Didi Kuaidi’s dominance in China. A significant part of its latest fundraising of $3.5 billion last week from Saudi Arabia’s Public Investment Fund, which values the company at $68 billion, is expected to be deployed to bolster its business in India, where it compete with Didi Kuaidi-backed Ola (ANI Technologies Pvt. Ltd). While Uber has managed to increase its market share in India from a paltry 5% around January last year to about 30-35% currently, the journey has been anything but smooth, given that the company found itself on the wrong side of the law on multiple occasions. Here is a look at those hiccups:
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