Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and […]
View More India’s Ola spins out a dedicated EV business — and it just raised $56M from investorsCategory: Steadview Capital
Flipkart co-founder Sachin Bansal invests $92M in Ola
The money is starting to flow from India’s largest startup exit. Ola has added a major name to its ongoing financing round after it confirmed that Flipkart co-founder Sachin Bansal has invested 650 crore INR (around $92 million) into the Indian ride-hailing business. The deal rumored in January when Paper.vc, an intelligence service that sifts through company […]
View More Flipkart co-founder Sachin Bansal invests $92M in OlaIndia’s Ola is adding a monthly billing option for its ride-hailing customers
Ola, the ride-hailing service battling Uber in India, is introducing credit services to its users as it moves closer to a major new funding round. Today the company took the wraps off Ola Money Postpaid, a service that builds on Ola’s existing payment service — which can be used to pay rides and also third-party […]
View More India’s Ola is adding a monthly billing option for its ride-hailing customersUber’s India rival Ola nears $6 billion valuation ahead of huge funding round
Ola, India’s local rival to Uber, has seen its valuation jump to nearly $6 billion as it prepares to take in a large round of financing. The ride-hailing firm, which was founded in 2010, has raised around $3.3 billion from investors to date, and it topped that up a little this week. Ola pulled in […]
View More Uber’s India rival Ola nears $6 billion valuation ahead of huge funding roundUrbanClap, India’s largest home services startup, raises $50M
UrbanClap, a four-year-old startup that offers home services across in India, has closed a $50 million Series D round for expansion. The round was led by Steadview Capital, a hedge fund with over $1 billion under management, and existing investor Vy Capital. It takes UrbanClap to $110 million raised to date, according to data from Crunchbase. […]
View More UrbanClap, India’s largest home services startup, raises $50M