India: Ola may raise $100m more, four months after SoftBank-led downround

India: Ola may raise $100m more, four months after SoftBank-led downround

Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File Photo

Ride hailing service Ola (ANI Technologies Pvt. Ltd) is likely to raise another $100 million from investors, four months after the company raised about $250 million from its largest shareholder, Japan’s SoftBank Group Corp, according to regulatory filings sourced from market research firm Tofler.

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