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

Tencent logo 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 has raised $2 billion from More …