Ola raises about US$314mil in fresh funding: company filing


GAINING GROUND: Ola CEO and co-founder Bhavish Aggarwal posing with an Ola cab in Mumbai. Ola is investing in technology, better safety features as well as new offerings as it expands its network.

India's biggest online cab-hailing service Ola has raised about US$314mil (RM1.13bil) in a fresh funding round from investors led by Russian billionaire Yuri Milner's DST Global, a company filing showed. 

Private equity investors including Accel Partners, Tiger Global and Steadview Capital also invested in ANI Technologies Pvt Ltd, the owner of Ola, in the latest funding round, the filing dated April 2 to the Registrar of Companies showed. 

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