The ride-hailing service is in the process of securing another round of funding only a few months after closing a $400m series E.
India-based ride-sharing service Ola is raising a series F round of at least $500m featuring telecoms firm SoftBank, TechCrunch reported earlier today.
The company has secured $225m so far, according to a regulatory filing, and is expected to close the round within a fortnight.
Apart from SoftBank, the investors who have committed capital are Falcon Edge Capital, which leads the round, Tiger Global Management, Steadview Capital, ABG Capital, Fii Ltr Focus Fund, JS Capital, Parkwood Bespin and private investor Daniel…