Ride hailing service Ola has pulled in $26.7m for its financial services offshoot from Falcon Edge, Matrix Partners and Apoletto Managers at a $250m valuation.
Ola Financial Services, the finance-focused subsidiary of India-based on-demand ride provider Ola, has secured Rs 2.5bn ($26.7m) from external investors, the Economic Times reported yesterday, citing a regulatory filing.
Alternative asset management firm Falcon Edge Capital, venture capital firm Matrix Partners and private equity firm Apoletto Managers supplied the financing. The round valued the spinoff at $250m, two people directly aware of the matter told ET.
Ola Financial Services offers a range of mobile-based financial products including a mobile wallet,…
