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In what could be one of the first major investments by an auto company in a ride-hailing firm, Korean auto giant Hyundai is reportedly in talks with Ola to pick up a four per cent stake in the firm for $250-300 million.
The deal, if it goes through, would be part of Ola's ongoing fund-raising round where the Bengaluru-based company is looking to raise $400-500 million at a $6-billion valuation. The deal would also help Hyundai increase its fleet of vehicles operating in the country.
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