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Ola Rises $400 Million To Double Its Operations In 200 Cities

taxi aggregator Ola

On Thursday App based taxi aggregator Ola based out of Bengaluru said that they have raised $400 million i.e about Rs 2,500 crore for doubling its operations in 200 cities and increasing its cab base. The latest round of funding was led by DST GLobal with participation from GIC, Falcon Edge Capital as well as existing investors SoftBank Group, Tiger Global, Steadview Capital and Accel Partners US.Ola provides and application where you can book cabs and car rentals in India. So far they have raised funds close to $800 million.