Ola confirms the raise of $1.1 billion led by Tencent the Investment Holding Company

submitted 2 months ago by excellentwebworld to demcra

The biggest competitor of transportation apps, Ola has revealed the raise of $1.1 billion in funding led by Tencent and this is a company’s big achievement till the date, in its total six-year experience. Ola is in advanced talks to close an additional $1 billion by other investors, rounding up total raise to $2 billion