The stake was purchased from a group of early investors in the company though Temasek is also in discussions with Ola’s management to pump in more money into the company by way of subscription to new shares. As reported earlier by ET, Ola is in discussions with new investors to raise about $1 billion. The investment will enable Ola founder Bhavish Aggarwalto diversify the company’s shareholder base, according to people in the know.
Read more at:
http://timesofindia.indiatimes.com/articleshow/65319955.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
SOURCE: Times of India
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ride sharing
