(MENAFN – NewsBytes) Ola raises 104 million in funds
Cab aggregator Ola has raised 104 million (Rs. 670 crore) in funding from Falcon Edge and Ratan Tata’s RNT Capital Advisers.
According to Ola’s official filings with the Registrar of Companies, Falcon Edge contributed Rs. 402 crore, while RNT investments put in Rs. 267.9 crore.
Ola’s current value could not be ascertained but media reports pegged it at 3.5 billion in Feb’17.
Timeline 3 Dec 2010: Fastest growing cab network across #India
Ola is an online cab booking service based out of Mumbai and one of the fastest growing cab hailing firms in India.It was founded on 3rd December 2010 by Ankit Bhati and Bhavish Aggarwal; the latter is also its current CEO.Ola provides customers with an array of cab options like Mini, Prime and Luxury and with different modes of payment.Jul 2014: Ola gets a promising series of investmentsOn 21st April 2011, Ola received 3,30,000 in the initial round of funding.The company further amassed 5 million from Tiger Global Management in Series A funding.In Series B funding, Matrix Partners and Tiger Global invested another 20 million in the company.Steadview Capital and Sequoia Capital gave it 41.5 million in funds in July 2014.3 Mar […]