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Cab aggregator Ola has raised about ₹3,300 crore ($500 million) in a Series F round. Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank Group, DST Global and Didi Kuaidi participated in this round. Ola will use the money to accelerate its growth. Ola has grown by over 30 times in the last one year, now clocking over one million booking requests a day. It has over 3.5 lakh vehicles registered on its platform.
With this round, Ola has raised over $1.3 billion, of which about $1.2 billion has come in the past one year. In April, Ola raised $400 million in a Series E round led by DST Global and before that, $210 million led by SoftBank Group as part of its Series D round in October 2014.
Ola’s investors include Tiger Global, Matrix Partners, Steadview Capital, Sequoia India, Accel Partners US and Falcon Edge.
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