BIG FUNDING! Ola raises $500 mn ahead of IPO
Ola on Friday said that Temasek and Plum Wood Investment Ltd, an affiliate of global private equity fund Warburg Pincus have partnered with Ola founder Bhavish Aggarwal for a $500 million investment, as the ride-hailing platform plans an IPO.
According to the company, this is among the largest investments in the Indian consumer internet space by these funds. Source: Reuters