India: Ola valuation falls to $3b after SoftBank’s investment in Nov

India: Ola valuation falls to $3b after SoftBank’s investment in Nov

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

Cab hailing service Ola received Rs1,675 crore from its largest shareholder SoftBank Group Corp. in November as part of a bigger funding round that will lower the company’s valuation to about $3 billion from $4.5 billion.

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