Ola gets $1 billion in the new financing round from Japanese investment major SoftBank. Founded in 2010, Ola has been a successful ride-hailing company now. It is aggressively planning to grow its territory in food delivery business and e-pharmacy too.
As per sources, it is not sure if Ola’s cofounder Bhavish Aggarwal will accept more capital from SoftBank as it will increase the shareholding of SoftBank, which is currently at 26%. Ola has already ensured funding from Flipkart and Steadview Capital, they would total up to around $200-250 million.
