Cab rider Ola raises $1.1 bn from venture funds
Wednesday - October 11, 2017 1:36 pm ,
Category : BUSINESS
Cab rider Ola raises $1.1 bn from venture funds
Bengaluru Oct 11 (IANS) Leading cab rider Ola on Wednesday said it raised $1.1 billion (Rs.7 150 crore) in latest funding round from venture firms led by Tencent Holdings Ltd a leading Chinese internet firm.
"Our investors like SoftBank and other US-based financial investors have participated in this round of funding " said the company in a statement here.
Ola is also in talks with other investors to raise an additional $1 billion with new and existing investors.
Ola operates in 110 cities across the country using cars auto-rickshaws bikes and vehicles equipped with connected car platform for ride-sharing.
--IANS
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