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An Uber rival has snagged $100M from a tech heavyweight to conquer the Brazilian market

Posted By GMbeat on Articles

http://www.businessinsider.com - Japan's SoftBank Group agreed to invest $100 million in Brazilian ride-hailing app 99, the startup said on Wednesday, capping off a fund-raising round totaling more than $200 million. The investment turns up the heat on Uber, which had been touting its success in Latin American markets.

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