Ola founders to raise stake in company, seek regulator nod
Ola co-founders Bhavish Aggarwal and Ankit Bhati have sought approval from the Competition Commission of India (CCI) for increasing their stake in parent company ANI Technologies. The co-founders will indirectly use Singapore-based firm Temasek, which reportedly invested $225 million in the startup. The three parties aim to acquire less than 10% of ANI's share capital from existing shareholders.