Exclusive: Indian HNIs participate in Uber's $1.2B pre-IPO fundraise led by Hillhouse

There is a strong India connection in Uber's latest move to raise big money from China's Hillhouse Capital Group and other investors.

Sources close to the development said at least two Indian family offices have put in money in Uber by purchasing bonds that convert into shares at a 11.5 per cent discount to the ride-hailing company's future initial public offering (IPO) price.

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