IIFL, Edelweiss and Hero Enterprise led a $139m funding round in Ola.

IIFL, Edelweiss and Hero Enterprise led a $139m funding round in Ola, an IPO-bound ride-hailing major. This financing comes after the Bengaluru-based firm had raised $500m financing led by private equity giants Temasek and Warburg Pincus in July this year. Ola is also eyeing $500m debt financing through a Term Loan B route, joining the likes of Byju's and Oyo.