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Economy

Chinese Communist Party-backed investor funds Ola, says report

Updated : September 18, 2018 09:59 AM IST

The new investment has raised the value of the company to over $ 4 billion.
The development comes at a time when the firm is taking steps to raise investments from both new and existing investors.
The fund raising drive gains significance as Ola’s rival Uber has gained backing from SoftBank.
Chinese Communist Party-backed investor funds Ola, says report

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