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. Get your startup in front of founders and potential users. Olacabs last raised $400M false. The round also saw participation from existing investors Venture Highway and YCombinator. Olacabs has raised a total of $990.5M in funding across 7 rounds. Their latest funding was raised on Sep 23, 2019 from a Series J round. This time, the company has raised Rs 231 crore from New York based hedge fund Tekne Private Ventures.As a part of the deal, Ola will allocate 1.71 lakh fully and compulsorily convertible preference shares (1,71,173 shares) for a total consideration of Rs 231.44 crore.Regulatory filings with the Ministry of Corporate Affairs reveals that the shares were allocated on 7th June earlier this year.Ola has raised around Rs 963 crore ($150 million) in this year so far. It shows that despite the low down and shutdowns that the Indian startup ecosystem has seen, investors are still confident about it.The insurance policy aggregator raised $77 million funding led by Wellington Management, a global assessment management fund.
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. Illustration: Rahul Awasthi. 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. Sorting Hat Media Networks Private Limited However, its revenues registering a stellar growth at Rs 758.23 crore during 2015-16 compared with Rs 103.77 crore in the previous fiscal.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. Funding rounds for Olacabs in Startup Ranking. Last year, in November, it had raised Rs 1,604 crore ($250 million) from SoftBank – in what is said to be a down round for the company.While Ola is raising money every now and then, it also continues to burn a large amount of sum in order to compete against its rival Uber. 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 . Ola has raised a total funding of around $3.8 billion over 25 rounds. Developer of an online ride-hailing platform designed to connect passengers with drivers across India. Looking to share some feedback or suggestion?
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 It has raised funding from Ratan Tata’s VC firm RNT Capital Advisors, Falcon Edge, among others.
The Bengaluru-based company will utilise the funds raised to expand its school transformation programme.
Have a business opportunity to discuss?Cab-hailing service provider Ola has raised Rs 231 crore in a new funding from new York based hedge funding Tekne Private Ventures with allotment of preferred shares.Copyright © 2020. Ola, one of the leading cab-hailing service provider in India, has raised yet another funding round. There is no conclusive way of checking either claim.Want to work with us? 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
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ola funding rounds