India: Ola raises $500m from China’s Didi Kuaidi, 5 others; Total funding in ride hailing firm exceeds $1.3b

India: Ola raises $500m from China’s Didi Kuaidi, 5 others; Total funding in ride hailing firm exceeds $1.3b

India’s largest cab hailing service Ola said on Wednesday that the company has raised $500 million in fresh funds from investment management firm Baillie Gifford, China’s largest taxi hailing service company Didi Kuaidi and existing investors Falcon Edge Capital, Tiger Global, SoftBank Group and DST Global.

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