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Online cab roundup: Ratan Tata invests in Ola and Uber expands to 7 more cities

Ratan Tata invests in Ola Chairman emeritus of Tata Sons Ratan Tata has invested an undisclosed amount in online cab hailing service Ola in his personal capacity. Tata has been investing in the startup system and this marks his third investment in the year so far. "Mr. Tata’s inclination towards transportation as a segment with the way he steered Tata Motors under his leadership at the group level is well known. ... With Ola’s vision to impact mobility and transportation in India by creating a valuable citizen utility and a robust entrepreneurial ecosystem, we look forward to seeking inspiration and learning from this association. " Bhavish Aggarwal, CEO and co-founder of Ola wrote on the company's blog. Ola now has 150,000 vehicles registered on its platform and is operational in 100 cities in the country. In March Ola acquired its rival…

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