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Ola in advanced talks to raise $100M from Tata, Falcon Edge Capital
Monday, April 3, 2017, 10:06 AM
Ola is in advanced talks to raise fresh capital of about $100 million led by RNT Capital Advisers, a venture fund setup by Tata Sons chairman emeritus Ratan Tata. Ola is also negotiating further funding of $200 million from other investors, as it looks to enhance its lead over rival Uber, which is battling series of management and regulatory hurdles in its home market.
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