SoftBank, which is also set to invest nine-figure sums in Snapdeal and Paytm, has lifted the car and taxi rental aggregator's overall funding to over $275m.
Telecommunications firm SoftBank has invested $210m in India-based car rental and taxi aggregator Olacabs, the Economic Times reported on Saturday citing people familiar with the development.
The series D funding, secured at a valuation of almost $1bn, is being made as part of a sweeping investment plan in some of India’s largest online companies as it comes off the $25bn initial public offering of China-based e-commerce company Alibaba, another of its portfolio companies.
SoftBank made a $627m investment in e-commerce…
