Thursday, May 4, 2017

Ola raisesd Rs 670 crore from Ratan Tata-backed fund and Others

Ola has raised Rs 670 crore from Ratan Tata’s venture fund RNT Capital Advisors and US hedge fund Falcon Edge.

RNT Capital invested about Rs 267.9 crore and Falcon Edge invested Rs 402 crore.

Also read: Ola charged Rs 149 crore from passenger for 300 meter

Ola issued 4.96 lakh shares to the two investors at Rs 13,521 to each investor.

Ola posted about 6 million weekly rides across all its offerings: cabs, autorickshaws and shuttle buses.


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