Ola’s board approved the $100 million investment in March.
By Shrutika Verma and Mihir Dalal
SoftBank is selling its also-ran portfolio companies to bigger rivals.
Ninjacart, a marketing and delivery platform for agriculture produce, run by Bengaluru-based Ideas Infolabs Pvt. Ltd, on Tuesday said it has raised Rs37 crore from Accel Partners, NRJN Trust, Mistletoe, Qualcomm Ventures and M&S Partners. Follow-on investors Accel Partners, Qualcomm Ventures and Singapore-based M&S Partners had invested Rs20 crore in… Read more »
Despite stringent competition, home-grown cab hailing firm Ola is steadily gaining market share and expects to be profitable in two years, claimed Bhavish Aggarwal, chief executive officer of ANI Technologoies Pvt. Ltd, which owns Ola, at an event on Friday. “Our focus remains to build a robust and an impactful… Read more »
In February this year, Stellaris Venture Partners, possibly the most keenly watched entrant in India’s venture capital market in recent times, raised commitments worth $50 million for its maiden fund. Investors, or limited partners in the fund, which has a final target of raising $100 million, include Bengaluru-based software services… Read more »
Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out… Read more »