India: Ratan Tata fund, Falcon Edge infuse $104m in Ola Cabs

India: Ratan Tata fund, Falcon Edge infuse $104m in Ola Cabs

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

Ratan Tata’s RNT Capital Advisers and existing investor Falcon Edge Capital invested Rs670 crore in Ola in the November funding round in which the cab aggregator raised Rs1,675 crore from SoftBank Group Corp., according to regulatory filings.

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