Ola may raise $70mn at $5bn valuation from Chinese investor
Ola is reportedly raising $70 million from a Chinese investor, which may value the ride-hailing major at over $5 billion. The Bengaluru-based startup was reportedly valued around $7 billion when it raised $1.1 billion from Japan's SoftBank and Chinese conglomerate Tencent in 2017. Ola's valuation was undisclosed after a recent $225-million secondary funding from Singapore's Temasek.