Ola chief executive officer Bhavish Aggarwal said the company planned to go public in the first half of 2022.
BENGALURU: Indian ride-hailing company Ola has raised US$500mil (RM2.1bil) loan from international institutional investors, as the SoftBank Group backed start-up preps to make its stock market debut next year.
Ola, which has a majority share of India’s ride-hailing market where it competes with Uber Technologies, has plans to raise up to US$1bil (RM4.22bil) through an initial public offering.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
