A tale of two cab aggregators

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App-based taxi aggregator Ola has been valued at $5 billion with its latest round of $225 million funding on September 9 from investors such as Falco Edge Capital, ABG Capital. Ola, started by Bhavish Aggarwal in 2011, owns over 80 per cent of India's taxi aggregation market. Global rival Uber, which has committed $1 billion in India, is valued at $50 billion. Uber was valued at $41 billion after its fifth round in December 2014