ola funding rounds
Illustration: Rahul Awasthi. Ola, one of the leading cab-hailing service provider in India, has raised yet another funding round. Get your startup in front of founders and potential users. Olacabs last raised $400M false. As of October 2019, Ola's valuation is about $10 billion.
Home Coinbase Ola Financial Services, CoinDCX clos funding rounds this week, Technology News, ETtech Ola Financial Services, CoinDCX clos funding rounds this week, Technology News, ETtech . The Bangalore-based startup was founded by Bhavish Aggarwal and Ankit Bhati with an aim to changing the way people travel in the city.While Uber claims it is bigger than Ola, the executives and investors at Ola claims that Uber is less than half of Ola’s size. Looking to share some feedback or suggestion? Manish Sabharwal on 5 things India must do to revive the economyEngage, elevate: how TiE Silicon Valley helped local entrepreneurs stay the course through four months of the pandemicHas EV industry found a lasting solution for its scooters?
Their latest funding was raised on Sep 23, 2019 from a Series J round.
Existing investors IDG Ventures and True North also participated in this round of funding. The company's platform offers a variety of vehicles and ensures convenient, transparent and quick service, enabling passengers to get a convenient network of transportation anytime.
The round saw participation from Beenext, a Singapore based early stage venture firm, a Middle-Eastern family office and existing investors – Deepak Shahdadpuri, and Saama Capital also participated in this round.Non-banking finance company Varthana that finances schools raised funding of $3 million led by Michael and Susan Dell Foundation.
Olacabs has raised a total of $990.5M in funding across 7 rounds. Ola confirms funding of $1.1 billion. Through this programme, Varthana provides hands-on support, vendor connects, debt financing and financial rewards to different schools.Social e-commerce startup Meesho raised funding of $3.1 million led by SAIF Partners. In 2016, Meesho was also selected by YCombinator to be a part of its three-month programme at Mountain View.Search for what you want, categories, tags, keywords, authors, events, anything under YourStoryWith Rs 14 lakh business per day, this astrology startup is making profits in the time of coronavirus[Startup Bharat] This Meerut-based platform connects buyers and sellers; is giving tough fight to OLX, eBayStart small to go big: here are 35 profitable businesses you can start in India within Rs 10,000Focusing on quality helped this solar energy startup find its place in the sun He likes big mutts and cannot lie: Randeep Hooda wants India to adopt more indie dogs as pets[Jobs roundup] If education excites you, try these openings at edtech startup TopprManish Sabharwal on 5 things India must do to revive the economy[Matrix Moments] From starting at IIT and hacking their way ahead: the journey of Razorpay founders With this fund-raising, the total funding raised by the startup is at $3.7 million. Since its inception in the year 2010, Ola has raised around Rs 11,043 crore ($1.72 billion) in 11 funding rounds from 24 investors. Sorting Hat Media Networks Private Limited The round also saw participation from existing investors Venture Highway and YCombinator. Ola has raised a total funding of around $3.8 billion over 25 rounds. This week, apart from Ola confirming its recent fundraising of $1.1 billion led by Tencent and SoftBank, PolicyBazaar raised $77 million.Interestingly, the last few months have seen at least a few startups raise higher, and bigger, funding rounds.
“The funding from SoftBank is already in the bank and Ola is raising the round at a valuation of $3 billion,” said one person directly familiar with the matter. The company had earlier raised undisclosed funding from a clutch of angel investors like Rajul Garg, Kashyap Deorah, Oyo Rooms’ Maninder Gulati, Jaspreet Bindra and Abhishek Jain among others. Mid-October is turning out to be interesting in terms of fund-raising.
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