Ola raises ₹2,300 crore at lower valuation of ₹23,300 crore
Homegrown ride-hailing startup Ola has raised over ₹2,300 crore ($350 million) in funding from existing and new investors including Japan's SoftBank, however, at a lower valuation of ₹23,300 crore ($3.5 billion). Ola has so far raised $1.23 billion, and at its peak was valued at $5 billion. Founded in 2010, Ola's investors include Tiger Global, Sequoia Capital and Matrix Partners.