Cab aggregator Ola (ANI Technologies) has raised yet another round of funding of $2 billion from a group of investors including its existing investors SoftBank Group Corp. and Tencent Holdings Ltd, reports Bloomberg. When queried for a confirmation, an Ola spokesperson declined to comment. According to the publication, other investors include UC-RNT fund, a joint venture between Ratan Tata’s RNT Associates and the University of California, and several US institutional investors. However, the report says that the funding rounds is not over yet, and the amount could change, hence the valuation of the total funding raised in unclear as of now. Previous funding Ola has been on funding spree,,the latest financing is the second-largest funding round in an Indian startup, after Flipkart, according to Bloomberg. -Ola recently raised $36 million (Rs 231 crore) from New York’s Tekne Capital Management in August. Two months before that, It had raised $50 million from Tekne in June. -In May, Ola raised Rs 670 crore from Ratan Tata’s venture fund RNT Capital Advisers LLP and US hedge fund Falcon Edge Capital LP. And, $250 million from Japan’s SoftBank Group Corp, in April. -In November 2015, Ola Cabs raised Series F funding worth $500 million from Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, DST Global and China’s Didi Kuaidi. Cab Battle Ground The fresh round of equips Ola in its battle against Uber in India, and many other eyeing this space. In May this year, Uber infused Rs 51.64 crore into its India…
