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Ola raises $1.1 billion from Tencent and Softbank

Ola has secured a whopping $1.1 billion in fresh round of funding from China’s Tencent Holdings Ltd and existing investor Japan’s SoftBank. The homegrown company will use the funding to increase its numbers of drivers and expand presence to more cities. Currently, Ola operates in 110 Indian cities while Uber is present in about 30 cities. … Continue reading "Ola raises $1.1 billion from Tencent and Softbank"
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