A merger of Uber China and Didi will present an awkward scenario for Ola, India’s largest cab hailing service. Bengaluru: After the merger of Uber’s China unit with Didi Chuxing, the largest ride-hailing service in China, India may become for Uber what it is for another American tech giant, Amazon: a market it cannot afford to lose. The merger of Uber China with Didi changes everything. Will new investors continue backing Ola against a global tech giant that has a war chest of more than $5 billion? If Uber does make India its top priority, it may affect Ola’s ongoing fundraising efforts.

Source: Mint August 01, 2016 05:48 UTC