Uber Plans to Invest a Substantial Portion of $3.5 Billion Fundraise In India

Uber is moving ahead in its quest to build a global empire. This time, it turned to the Middle East for its biggest infusion of cash, $3.5 billion from a single investor, Saudi Arabia’s public investment fund. Travis Kalanick, one of Uber’s founders and its chief executive said, “We appreciate the vote of confidence in our business as we con…