Uber has a new competitor in one of its most competitive overseas markets that's backed by Softbank, Hyundai and other big names

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Uber has a new competitor in one of its most competitive overseas markets that's backed by Softbank, Hyundai and other big names
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Ola has investments from Softbank, which also backed Uber, as well as automakers including Hyundai and Kia.

Ola, an Indian ride-hailing service, says its planning to launch in London this fall after receiving permission to operate. The company has investments from SoftBank, which also backed Uber, as well as automakers including Hyundai and Kia. London has been a tricky market for Uber, where it was forced to stop giving rides for about a year by a court. Visit Business Insider's homepage for more stories.

Ola, an Indian ride-hailing service, says its planning to launch in London this fall after receiving permission to operate. The company has investments from SoftBank, which also backed Uber, as well as automakers including Hyundai and Kia. London has been a tricky market for Uber, where it was forced to stop giving rides for about a year by a court. Visit Business Insider's homepage for more stories.

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