Tencent, SoftBank and Didi Chuxing-backed ride hailing platform Ola has now achieved a valuation of $4.3bn.
India-based, corporate-backed ride hailing platform Ola has raised $50m in funding from private equity firm Sailing Capital and Chinese state-backed vehicle China-Eurasian Economic Cooperation Fund, TechCrunch reported yesterday.
The two investors acquired a combined stake of just over 1%, with Ola achieving a valuation of approximately $4.3bn.
Originally called Olacabs, Ola operates an on-demand ride-hailing and food delivery service across its home market of India as well as Australia and the United Kingdom. The company also announced yesterday it was…
