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Uber's India rival Ola seeking funds at 40% lower valuation: source

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Ola is raising funds that value the company at US$3 billion, a sharp reduction from the US$5 billion figure during a previous financing round.

Bengaluru

INDIA'S foremost ride-hailing service Ola is pursuing a new round of funding that would give the company a 40 per cent lower valuation than it had a year ago, according to a person with direct knowledge of the matter, as the startup tries to amass capital to stave off a...

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