SoftBank is reportedly set to add funding to a round that will include a $400m investment by Tencent that has already been agreed.
India-based on-demand ride service Ola is raising $2bn in funding from investors including internet group Tencent and telecommunications conglomerate SoftBank, Bloomberg reported today, citing a person familiar with the matter.
The news came on the same day as two sources familiar with the matter told the Economic Times that Tencent has invested $400m in Ola at a $3.8bn valuation, doubling the amount of capital so far secured in the series G round to $800m.
The latest round had already included…
