New Delhi, Feb. 26 -- The battle for market share in India's ride hailing industry between American giant Uber and homegrown Rapido has intensified, even as the once-dominant position of the country's first major ride-hailing service-Ola Cabs-steadily erodes.

In a bid to bulk up its financial firepower, Uber has pumped nearly Rs.3,000 crore into its India unit in recent months to take on the challenge from Bengaluru-based Rapido, which entered the current fiscal year with a stronger cash position and has rapidly gained market share.

The Indian unit of US-based Uber Technologies Inc got Rs.2,721 crore in January from Uber BV, the Dutch arm of Uber, following a Rs.200-crore investment made in November, according to a Mint review of the fi...