A password will be e-mailed to you.

Microsoft, Ola in talks over probable $200 mn investment

Ola. Which is a ride-hailing is an advanced talk to secure around USD 150-200 million in the funding round from Microsoft, according to the report.

The discussions are at an advanced stage and likely to be closed in the coming 10-15 days, said the announcement.

Ola, which has around 200 million riders on its platform across the UK, India, New Zealand, and Australia, had recently announced setting up a research unit in the Bay of Bengal to focus on new areas like the connected cars and e-vehicles.

The ride-hailing major, which is locked in a battle for marketing leaderships with the US-based Uber in India, has secured around USD 3 billion in funding.

Its investors include Tencent Holdings, Kia Motors, Sachin Bansal, Ratan Tata, SoftBank, and others.

Comments

comments

No more articles

Send this to a friend