News reports suggest that four investors—Japan’s SoftBank, China’s Didi Chuxing and investment firms Dragoneer Investment and General Atlantic—are looking to invest in taxi-hailing major Uber.
The investment, however, is subject to a resolution of the conflict between Uber’s former CEO Travis Kalanick and the company’s key backer, venture capital firm Benchmark.
Will the prospect of a potential investment of $2-10 billion make Kalanick relinquish the board positions he controls? The investment, if it happens, also raises alarm bells for Ola, Uber’s arch-rival in India.
Since SoftBank is already an investor in Ola, what will this deal mean for India’s cab-hailing segment?
Watch the video to know more.
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