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Ola gets $5 million funding from Seoul-based ARK

Tuesday, September 24, 2019, 4:50 PM

Ola has received $5 million in funding from Seoul-based fund manager ARK as part of the company's 'Series-J' round, according to RoC filings. The investment routed through special purpose vehicle ARK Ola pre-IPO private investment round could indicate that the Bengaluru-based ride-hailing firm is closer to an initial public offering (IPO) than was previously thought, founder Vivek Durai said in a note.
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Ola gets PHV operator license for London

Friday, July 5, 2019, 9:15 PM

Ride-hailing cab aggregator, Ola has received one-year PHV license from the Transport of London to operate its services in the city. The license is valid until 3-October, 2020, according-to-company. Ola has been steadily expanding its presence across the UK since it's entry into the region in August 2018. It is the only platform in the UK that offers both PHVs and Black-cabs, company said.
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Amidst exploring mega investment round, Ola may pause global expansion

Thursday, June 6, 2019, 6:21 PM

Ola may be preparing to pause its international market expansion for the second time in two years, according to the source. Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil, it added. The ride-hailing company is also reportedly slowing down investment in its current overseas markets of the UK and Australia.

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