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Ola going to invest Rs 5,000 crore to expand cab leasing business

For expanding the newly formed cab leasing business, the taxi aggregator app Ola is going to invest Rs 5,000 crore in the coming year.

On Monday, the company said in a statement, under the programme, drivers can lease a car for a minimal initial deposit of Rs 35,000 and monthly lease payment (of about Rs 15,000) with an option to own the vehicle after a period of three years.

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