CAB rallies to raise Ola $ 300-400 million in new funds: report

On Wednesday, it was reported that Ola Taxici Group had started negotiations to increase the new round of funding with investors. Citing sources in the report, it has been said that the ‘Unicorn’ homegrown producer wants to raise $ 300-400 million, but due to hunger the expectations may have to be reduced. Currently the company is talking to both existing and new investors, including names like Didi Chaksing and Softbank Group. This On Wednesday, Ola Taxici Group started negotiations with investors to increase the new funding round. Quotation in the report, it is said that domestic manufacturers’ unicorns want to raise $ 300-400 million, but due to hunger, the expectation may have to be reduced. The company is currently talking to both current and new investors, including names such as Didi Chaksing and Softbank Group. This process is similar. Like the first upgrade of the Olair fund, the company can take capital from existing investors and then stop the loop to refill new investors. The latest from China’s largest taxi service company Didi Chaksing and current investor Falcon Age Capital, Tiger Global, Softbank and Belly Gifford from DST Global. About 1.2 billion dollars companies are continuing to raise large amounts of money to fund their operations, especially considering the ongoing fight with recovery. This year, Ola has also focused on her core business. Earlier this year, Ola closed the Ola Cafe and Ola Store, provided food and business to meet Uber’s competitive prices, and introduced micro in March. But the recovery is not far behind. San Francisco-based company holds 40% market share in India. In September, media reports were announced that Ola had carried 750,000 trips in more than 100 cities in a day. Uber claims that its network has 150,000 drivers and earns more than one million hits per day. Considering Uber’s $ 3.5 billion UBS funding from the Saudi National Investment Fund, money is needed for the ola, $ 62.5 billion, the estimated $ 5 billion in the hail. Worldwide, Didi Chaksing (current Ollier investor) made a $ 1 billion round in May from Apple Inc., then a new round. $ 600 million from a Chinese insurer this week process is similar. Like the first upgrade of the Olair fund, the company can get the capital from the existing investors and then can stop the loop to recharg the new investors. China’s largest taxi service company Didi Chaksing and current investor Falcon Age Capital, Tiger Global, Softbank and newest from Belly Gifford from DST Global. About $ 1.2 billion of electronic companies continue to raise large amounts of money to fund their operations, especially considering the ongoing fight with the recovery. This year, Ola has also focused on her core business. Earlier this year, Ola closed Ola Cafe and Ola Store, their food and grocery delivery services in response to Uber’s competitive pricing, and introduced Micro in March. But the recovery is not far behind. The San Francisco-based company claims 40% market share in India. In September, the media report was announced that Ola had carried 750,000 rides in more than 100 cities a day. Uber claims that there are 150,000 drivers on his network and earn more than a million hits a day. Considering Uber’s $ 3.5 billion UBS funding from the Saudi Nationwide Investment Fund, money is also needed for Ola, $ 62.5 billion, the price of Ola is expected to be around $ 5 billion. Throughout the world, Didi Chuxing (the current investor of Olair) also made a $ 1 billion round in May from Apple Inc., after which a new round. $ 600 million from a Chinese insurance company this week

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