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Ola raises Rs 1,675 crore in fresh funding from SoftBank

Ola raises Rs 1,675 crore in fresh funding from SoftBank

Friday, April 14, 2017, 6:45 AM

India’s largest ride hailing application Ola has raised Rs 1,675 crore or about $250 million in fresh funding from Japanese telecom and internet major SoftBank Corp, documents filed with the Ministry of Corporate Affairs (MCA) show. The investment, which was closed last year, has been through SoftBank’s subsidiary SIMI Pacific Pte Ltd in Ola’s parent company ANI Technologies.
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