Thursday, 16 April 2015

Ola raises $400 mn to drive expansion

Bengaluru : Leading mobile application provider for personal transportation Ola on Thursday announced raising $400 million (Rs.2,495 crore) from venture partners to fund its expansion and growth plans. “The additional funds will allow us to go into smaller cities and build personal transportation. $100 million (Rs.624 crore) will be spent on expanding TaxiForSure service we acquired recently (March 2),” Ola...
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