Ola readies $2b war chest to take on Uber in India; gets $1.1b from SoftBank, Tencent

Ola readies $2b war chest to take on Uber in India; gets $1.1b from SoftBank, Tencent

Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File Photo

As its rivalry with global ride-hailing giant Uber intensifies, India market leader Ola is preparing a $2 billion war chest to take on competition.

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