Temasek Holdings and Warburg Pincus led a $500m financing round in SoftBank Group-backed Ola Cabs.

Temasek Holdings, a Singaporean holding company, and Warburg Pincus, a private equity firm focused on growth investing, led a $500m financing round in SoftBank Group-backed Ola Cabs, a ridesharing company. “Warburg is excited to partner with Bhavish and Ola. They are the leading mobility platform and one of biggest consumer internet platforms in India with a robust and fast growing business. We look forward to collaborating with Bhavish and the team in the next phase of Ola’s growth,” Vishal Mahadevia, Warburg Pincus Managing Director. On August 13, 2021, the Competition Commission of India had approved the acquisition of Ola Cabs' shares by Warburg Pincus and voting rights by Bhavish Aggarwal.