Indian Cab-Hailing Firm Ola Is Raising Over $500M At A Valuation Of Around $5B

india traffic It looks like yet more fuel is about to get poured on the already-hot transportation app market in Asia. India’s Ola is raising $500 million+, at a valuation that we’ve heard is around the $5 billion mark, with $225 million committed so far. The news comes as the company — which competes in its home market against the likes of Uber and Indian startup Meru — continues… Read More

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