Fresh funding: Ola raises $314 million from investors

India's biggest online taxi business Ola has raised about $314 million (roughly Rs. 1,954 crores) in a fresh round of funding from investors including billionaire Russian Yuri Milner's DST Global, a company filing showed.

hidden April 09, 2015 12:08:35 IST
Fresh funding: Ola raises $314 million from investors

India's biggest online taxi business Ola has raised about $314 million (roughly Rs. 1,954 crores) in a fresh round of funding from investors including billionaire Russian Yuri Milner's DST Global, a company filing showed.

Fresh funding Ola raises 314 million from investors

Image: CNN IBN

Ola, backed by Japan's Softbank Corp, also received investments from private equity investors Accel Partners, Tiger Global and Steadview Capital in the latest round of funding. Ola competes with United States-based Uber in India.

Reuters

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