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Ola looking to raise $300 mn via Series J round

India largest ride-hailing startup, Ola has now allowed the homegrown cab hailing firm to issue around new shares worth Rs 2469.80 crore for the purpose of raising funds, according to the report.

In the month of February, some of the new foreign investors invested Rs 112 crore into the Ola. This time firm has been raising funds from a diverse set of investment.

In February, Ola also raises Rs 650 crore from the Flipkart co-founder Sachin Bansal, and in January it also secured Rs 520.8 crore from Steadview Capital.

In February, Ola pocketed Rs 650 crore ($92 million) from Flipkart co-founder Sachin Bansal. In January, according to the report, some of the potential investors could include the Singapore state investment firm South African technology company Naspers and Temasek. Besides that, Temasek and Ola founders Ankit Bhati an Bhavish Aggarwal had sought to buy 10% shares in the company with the help of secondary purchases.

The previous report also revealed that Ola had secured around $52 Million from the three Chinese investors which include the China-Eurasian Economic Co-Operation   Fund, Sailing Capital and Eternal Yield International.

Picture Credits: Ola

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