Ola invests ₹50 crore in its cab leasing unit Ola Fleet
Homegrown ride-hailing startup Ola has invested ₹50 crore in its cab leasing subsidiary Ola Fleet Technologies, the first significant capital infusion into the entity since its acquisition two years ago. Ola bought Delhi-based radio taxi service provider GCabs for an undisclosed amount in 2015 and renamed it Ola Fleet Technologies. Recently, Ola raised ₹2,300 crore from existing and new investors.