Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Cross Border
Single Bidder
Completed
Minority
Friendly
Transportation Services
Digital Services
online taxi booking
India
Private Equity
Venture Capital
Synopsis
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.
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