July 27, 2017

India- Ola raises $104 million in funds

Ola logo
Image Courtesy of Ola

(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 […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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