wordpress blog stats
Connect with us

Hi, what are you looking for?

Ola raises $50 million from multiple investors: report

Ola has raised $50 million from Sailing Capital (Hong Kong) and the China-Eurasian Economic Cooperation Fund (CEECF) for a 1% stake in the company, reports Mint. Ola refused to comment in response to a query by MediaNama. Last month, Temasek Holdings bought a large single digit stake from a group of early investors in Ola for $225 million. Temasek was also looking at acquiring more shares in the company.

Ola has raised nearly $3.3 billion since its inception in 2011 from:

  • Sailing capital, China Eurasian Economic Cooperation Fund
  • Temasek Holdings
  • Tencent Holdings
  • Softbank
  • Yes Bank
  • Tekne Capital
  • Falcon Edge Capital
  • Vanguard
  • Baillie Gifford
  • DST Global
  • Softbank Capital
  • Steadview Capital
  • Sequoia Capital
  • Tiger Global Management
  • Undisclosed

Earlier today, Ola announced that it will open shop in New Zealand after expanding to Australia and the UK.

Uber’s funding: Late last year, Softbank and its co-investors acquired an 18% stake in Uber which gave billions in cash to some of the company’s earliest investors and employees. In June, Uber was said to have raised $600 million on a valuation of $62 billion.

Our Ola coverage here, and Uber here.

Advertisement. Scroll to continue reading.
Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

News

It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...

News

Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ