Tuesday , April 23 2019

Ola raises $300mn to take on Uber

Bloomberg

India’s Ola is raising $300 million from Hyundai Motor Group, giving the ride-hailing startup more capital to compete for drivers and customers against Uber Technologies just as the US rival prepares for an IPO.
The deal values Ola at about $6 billion, said a person familiar with the matter, asking not to be named. The Bangalore-based company will continue to raise funds and has term sheets from other investors, the person said.

About Admin

Check Also

Airport Show to see 211 buyers from 30 nations

Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in ...

Leave a Reply

Your email address will not be published. Required fields are marked *