Indian ride-hailing service Ola has reportedly secured $50m in funding, valuing the company at around $4.3bn . “We are the rideshare brand that cares and are looking forward to creating high quality transport experiences for both passengers and drivers in New Zealand.” The investment was led by UK -based private equity firm Ola , and the China-Eurasian Economic Cooperation Fund , who together will hold a stake of over 1% in the firm. Ola secured $ 1.1bn from Tencent , Softbank and other UK -based investors, and Uber 's rival is eyeing further investment of 1.1bn , with more funding expected to be announced in the coming months . The news comes as the company announced it will launch in New Zealand , having already introduced the service to Australia and the UK .
Indian ride-hailing service Ola has reportedly secured $50m in funding, valuing the company at around $4.3bn . The investment was led by UK -based private equity firm Ola , and the China-Eurasian Economic Cooperation Fund , who together will hold a stake of over 1% in the firm. Ola secured $ 1.1bn from Tencent , Softbank and other UK -based investors, and Uber 's rival is eyeing further investment of 1.1bn , with more funding expected to be announced in the coming months . The news comes as the company announced it will launch in New Zealand , having already introduced the service to Australia and the UK .