Tencent likely to invest $400m in India's Ola to take on Uber: Report

Tencent likely to invest $400m in India's Ola to take on Uber: Report

Ola co-founder and CEO Bhavish Aggarwal (left) poses with an Ola driver. Source: Ola website

To take on the aggressive expansion by US-based ride hailing giant Uber, India rival Ola is likely to raise $400 million from Chinese internet major Tencent, according to a Times of India report quoting sources.

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