Ola likely to raise â¹670 crore in funding
Homegrown ride-hailing startup Ola's board reportedly approved a capital infusion of $100 million (approximately â¹670 crore) in March this year. This comes four months after Ola raised $250 million from SoftBank, as part of a bigger funding round that lowered Ola's valuation to $3 billion from $4.5 billion. Ola is in talks with new investors to raise $300-400 million more.