Ola in talks to raise $100Mn from Hong Kong-based hedge fund Steadview Capital | TechGraph

Ola in talks to raise $100Mn from Hong Kong-based hedge fund Steadview Capital

India based ride-hailing company Ola, is planning to raise $100 Mn investment from one of its existing investor from Hong Kong-based hedge fund Steadview Capital which will value the company at $5.6-$6.5 billion.”

According to the Economic Times report, a source familiar with this matter said “Steadview Capital is putting a large sum of capital as part of the round where Sachin Bansal is also investing. While a bunch of the transaction is in secondary sale of shares, the primary money is coming at a higher valuation.”

Earlier this month, Ola got a approval from Competition Commission of India (CCI) to acquire an additional 6.75% stake in ANI Technologies Pvt, Ltd which is also a parent company of Ola.

Ola earlier announced its plans to expand in New Zealand and has appointed Brian Dewil as its Country Manager there.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More