Flipkart co-founder Sachin Bansal invests Rs 650 cr in Ola cabs
The investment is part of Ola's plans to raise about USD 1 billion in funding. In October last year, the Bengaluru-based company had announced raising USD 1.1 billion funding from China's Tencent Holdings and SoftBank Group.
"Ola is one of India's most promising consumer businesses, that is creating deep impact and lasting value for the ecosystem," Sachin said. PTI