India’s Ola raises USD1.1 billion in latest funding round
Ride-sharing firm plans to invest in innovation and technology and further business expansion
Indian ride-sharing firm Ola has raised USD1.1 billion in its latest round of funding, the company said in a press release last week. The funding round was led by China-based investment firm Tencent Holding Limited and also saw participation from the company’s existing investor SoftBank as well as from a US-based investor, whose identity has not been disclosed.
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