Tech Company Financing Transactions
Ola Funding Round
Tencent Holdings and SoftBank Group participated in a $1.1 billion funding round for Ola. The round was announced on 10/12/2017.
Transaction Overview
Company Name
Announced On
10/12/2017
Transaction Type
Venture Equity
Amount
$1,100,000,000
Round
Undisclosed
Investors
Tencent Holdings (Lead Investor)
Proceeds Purpose
With its latest round of funding, Ola will be making strategic investments in supply, technology, and cutting edge innovations to build for the country's unique transportation needs. The company will make significant technology investments into Artificial Intelligence and Machine Learning capabilities to solve for India's unique mobility problems. By doubling down on penetration, Ola intends to go deeper into the Indian market to serve the vast majority of Indians who are looking for affordable and reliable commute and transportation.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Maruthi Infotech Center A Block - 5th Floor Challaghatta 414
Bangalore, 560071
India
Bangalore, 560071
India
Phone
Website
Email Address
Overview
Ola is India's most popular mobile application for booking your cab, changing the way you travel in your city, forever! We bring together cab drivers and customers using technology to make transportation hassle free for everyone.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bhavish Aggarwal
Chief Technical Officer
Ankit Bhati
Browse more venture capital transactions:
Prev: 10/12/2017: Baxter Planning Systems venture capital transaction
Next: 10/12/2017: Brilliant venture capital transaction
Share this article
Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC investment data records reported here come from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs