Why Ola co-founder Bhavish Aggarwal spurned existing investor SoftBank’s $1.1b offer

Ola co-founder and CEO Bhavish Aggarwal. Photo: Mint

Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard of by researchers that track such things.

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