India: Ride-hailing major Ola raises $16m from new foreign investors; hires COO

Ola founder Bhavish Aggarwal. Photo: Bloomberg

Indian ride-hailing major Ola, operated by ANI Technologies Pvt. Ltd, has raised Rs 112 crore ($15.6 million) from a handful of new foreign investors, according to media reports quoting filings with the Registrar of Companies.

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