Ola raises its largest funding round of $1.1 billion
Bengaluru-based cab aggregator Ola has raised $1.1 billion in the biggest funding round in its history, led by Chinese internet giant Tencent. The round saw participation from existing investor SoftBank and new US-based financial investors. Ola said it is also in talks with other investors to close an additional $1 billion, concluding a total raise of over $2 billion.