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Ola “grabbed” $500M in order to… fight Uber!

November 20, 2015 • DEALS

Ola, which is Uber’s rival in India, managed to raise the impressive amount of $500 million in a series F funding round! Among investors are Didi Kuaidi, Uber’s rival app in China, Baillie Gifford, Tiger Capital, SoftBank Group, FalconEdge Capital and DST Global.

Based on Ola’s claims, the company receives 1 million booking requests per day, and has over 350,000 vehicles using its service at 102 cities in India! Didi Kuaidi, which was formed after a merger of two ride hailing companies, Didi Dache and Kuaidi Dache, has already raised over $4.42 billion in funding from investors like Alibaba, TenCent, SoftBank, DST Global and Tiger Capital.

Tags

Alibaba, Baillie Gifford, Didi Kuaidi, DST Global, FalconEdge Capital, Ola, SoftBank, SoftBank Group, TenCent, Tiger Capital, UBER
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