Uber gears up to take on Ola in India ahead of IPO

Uber gears up to take on Ola in India ahead of IPO

Th Uber Technologies Inc. car service application (app) is displayed for a photograph on an Apple Inc. iPhone in New York, U.S., on Wednesday, Aug. 6, 2014. Photographer: Victor J. Blue/Bloomberg

Uber‘s decision to exit Southeast Asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on India, where it’s locked in a fierce battle with local rival, Ola, industry analysts say.

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