Ola raises $2 billion from SoftBank, Tencent: Reports
Homegrown ride-hailing startup Ola has reportedly raised $2 billion in funding from Japan's SoftBank and China's Tencent. Reports added a venture capital fund jointly run by Ratan Tata and the University of California's investment arm have also participated in the funding. Founded in 2010 by Bhavish Aggarwal and Ankit Bhati, Ola's investors also include Tiger Global and Sequoia Capital.