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Uber, Ola Face Off in Battle for India’s Booming Taxi Market

Aiming to wrest control of India’s booming taxi market, two cab-hailing smartphone apps – Uber and Ola – are promising hundreds of millions in new investment while also facing off with one another in court. San Francisco-based Uber reportedly plans a $500 million (roughly Rs. 3,318 crores) infusion of new funds, apart from the $1 billion (roughly Rs. 6,637 crores) already committed over the past nine months, according to Indian newspapers. The company declined this week to comment on those reports. Meanwhile, Ola Cabs promises to add another 2,000 cars…

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India Funding Roundup: A Bike Taxi Startup, File Sharing App, and More

Our latest funding roundup compiles investments in Indian startups engaged in e-commerce, fashion discovery, on-demand transportation, B2B and B2C e-commerce startups. Ninjacart Bengaluru-based Ninjacart, a B2B startup connects farmers and brands to retailers, has raised $3 million (around Rs. 20 crores) in Series A funding round led by Accel Partners, Qualcomm Ventures, M&S Partners, and Zop Smart. Founded in 2015, Ninjacart helps producers to sell directly to retail stores by providing a selling platform and assisting in warehousing and order fulfilment. Wooplr Social fashion discovery platform Wooplr has reportedly received…

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