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Investments in Uber's Indian rivals under cloud after ban

Mumbai

A BAN on online taxi services in India, following the arrest in New Delhi of an Uber driver accused of rape, has brought uncertainty to the millions of dollars of international investment pumped into Uber's Indian rivals Ola and TaxiForSure.

Ola raised US$210 million in October from a group led by Japan's SoftBank Corp. TaxiForSure attracted US$30 million in August from backers including US private equity firm Accel Partners, known for investing early in Facebook Inc.

But concern about passenger...

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