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INDIA > Hong Kong based Steadview Capital is set to invest $100 million in India based Ola, a ride hailing company after raising $50 million from two Chinese investors : Sailing Capital and China Eurasian Economic Cooperation Fund

After the new investment from Hong Kong based Steadview capital, Ola is likely to hit $5.5 billion dollar valuation. Ola is striving to become profitable from its core taxi aggregation business, from international expansion and also from its food delivery company under Foodpanda. Steadview Capital is already an existing investor in Ola and is set […]

INDIA > China based Tencent has finalized $400 million investment in India based ride sharing app Ola

The paperwork has been finalized and the deal is awaiting approval from CCI as China’s Tencent has finalized $400 million investment in ride-hailing Ola valuing Ola at over $3.8 billion. Sizeable portion will be allotted towards boosting the electric vehicle segment. Ola could also raise additional capital from US- based hedge funds Coatue Management. Ola ...