Our investors like SoftBank
As the transportation and mobility sectors are undergoing changes globally, we want to build a competitive system to support a nation on the move, noted Aggarwal.Ola operates in 110 cities across the country using cars, auto-rickshaws, bikes and vehicles equipped with connected car platform for ride-sharing.
1 billion (Rs.IIT-Bombay alumni Ankit Bhatia joined Aggarwal in co-founding Olacabs in January 2011 in Mumbai as a mobile app for personal commuting in cities.An Ola spokesperson, however, told IANS later that the company had raised 500 million in November 2015 from investment management firm Baillie Gifford, Chinas largest taxi-hailing services firm Didi Kuaidi and its investors Falcon Edge Capital, SoftBank, DST Glob and Tiger Global.The company has about 800,000 vehicles for booking online on its platform in 110 cities across the country to commute on individual or shared basis.
Our investors like SoftBank and other US-based financial investors have participated in this round of funding, said the company in a statement here.1,200 crore) in a cap embroidery machines Factory cash-cum-stock deal.We will invest the fresh funding in supply, technology and innovations to build the countrys growing transportation needs, said Ola co-founder and Chief Executive Bhavish Aggarwal on the occasion.
