Ola raises $500 Mn in a pre-IPO funding from new & existing investors

Home grown cab-hailing giant Ola has raised $500 Mn led by existing investors Temasek Holdings and private equity major Warburg Pincus. Fort Canning and Ola’s CEO Bhavesh Agarwal also participated in the round. The round has been unofficially tipped as the ride hailing major’s pre IPO round. However, the Mumbai-based company may raise more funds…

ByGirish ShettiJuly 9, 20210Comments

Funding News

Hyundai and Kia Motors Jointly Invest $300 Mn in Ola

In the latest funding boost, Ola has got $300 Mn funding from Hyundai Motors and Kia Motors. This is the largest combined investment by South Korean auto giants till date. This investment is based on the agreement that all three companies will collaborate together to develop unique fleet and mobility solutions; developing India-specific electric vehicles…

ByGirish ShettiMarch 19, 20190Comments

Funding News

Ola may get $300 Mn Funding Lift from Hyundai

Ride hailing major Ola, which is currently on a fundraising spree, may soon get end up getting a funding lift from Hyundai. Reports are abuzz that the South Korean based auto giant is in advanced discussion with Ola to invest nearly $250-300 million in the company. The investment will give Hyundai a 4% stake in…

ByGirish ShettiMarch 8, 20190Comments

Funding News

Sachin Bansal makes Landmark Investment of $92 Mn in Ola

Sachin Bansal has invested whopping Rs 650 crore or $92 million in ride-hailing Major Ola. Bansal’s latest investment in Ola is the largest individual investment in an Indian startup, making it one of the landmark investments in Indian startup ecosystem. Flipkart co-founder had already invested Rs 150 crore in Ola via primary infusion few weeks…

ByGirish ShettiFebruary 20, 20190Comments

Funding News

Ola Signs Term Sheet with South Korean Fund to raise fresh funds

Ola is all set to bring another new investor amid its ongoing boardroom battle with SoftBank. According to Economic Times (ET), Ola has signed a term sheet with Mirae Asset-Naver Asia Growth Investment. Mirae Asset-Naver Asia is a South Korean joint venture fund between financial giant Mirae Asset and internet major Naver. Ola Signs Term Sheet…

ByGirish ShettiFebruary 12, 20190Comments

Funding News

Ola closes Series J Funding round after Raising fresh Capital from Steadview Capital

Continuing with its aggressive fundraising spree, Ola on Friday announced that it has successfully closed the ongoing series J funding round by raising over Rs 520 crore from the Hong Kong-based Steadview Capital. According to Economic Times (ET), the fresh round values the company anywhere between $5.5 billion and $6 billion, which technically makes India’s…

ByGirish ShettiJanuary 11, 20190Comments

Funding News

Why Ola may find SoftBank’s latest Funding Proposal simply irresistible

Ola is simply not in a position to say firm ‘no’ to SoftBank’s latest funding proposal. This is not a sensational claim, but simple commonsense determined by prevailing business realities. Before we go any further to validate our argument, it is important inform that several media reports are now claiming that existing investor SoftBank has…

ByGirish ShettiDecember 4, 20180Comments

News

Ola in talk to Acquire popular food delivery brand Freshmenu: Report

Ola may acquire popular food delivery brand Freshmenu. Homegrown cab hailing major Ola is reportedly in discussion to acquire well known food delivery brand Freshmenu. The development comes barely days after Ola acquired popular transportation app Ridlr for undisclosed amount. Both Ola and Freshmenu have declined to comment on the news report. It seems that the cab-hailing major…

ByGirish ShettiApril 11, 20180Comments

News

Ola Rakes up $2 billion from Soft Bank, Tencent & Other Investors: Report

Ola raises $2 billion dollars in fresh round of funding. India’s homegrown cab hailing company Ola has raised $2 billion from clutch of high profile investors including giants like SoftBank Group Corp and Tencent Holdings Ltd, according to several media reports. Chinese internet juggernaut Tencent has reportedly contributed $400 million in this round. Media reports further…

ByGirish ShettiOctober 3, 20170Comments

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