India's Ola raises $225m from Falcon Edge Capital, existing investors

Ola, India’s third most valuable Internet company, has raised around $225 million (Rs.1,478 crore) as part of a new funding round that could see the firm raise over $500 million, and is expected to be closed shortly.

The latest funding is led by existing investor Falcon Edge Capital. The New York-based hedge fund is joined in the latest round by Ola’s other existing investors Tiger Global Management LLC and Softbank Corp. and six other investors, according to documents filed by the company with the Registrar of Companies (RoC).

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