Global cab hailing firm Uber announced Wednesday that it secured funding from Tata Opportunities Fund (TOF), a subsidiary of Indian conglomerate Tata Group.

While it did not disclose the exact amount, the press statement said TOF will make a significant investment in Uber.

“Tata is synonymous with entrepreneurialism in India and I am incredibly excited to have the Tata Opportunities Fund on board as a partner,” said Travis Kalanick, CEO of Uber Technologies. “We’re particularly focused on building a service for hundreds of millions of Indians and Tata’s leadership and experience will be crucial in helping us meet this important goal.” Read more…

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Uber revs up its services in India with fresh funding