Uber has raised 3.5 billion dollars from Saudi Arabia's Sovereign wealth fund, in what is the largest funding round globally. More importantly, Uber plans to deploy a significant chunk of this to win share away from Ola in India. Speaking exclusively to ET NOW, Uber India MD - Amit Jain said that India was a very important market for Uber and will continue to invest heavily in the country. He also said that they will work closely with regulators to find a solution to the ongoing regulatory hurdles. Listen in.
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