12/10/2017: THE BRIEFING: Ola raises $1.1 bn from Tencent, SoftBank

Published: 12/10/2017
12/10/2017: THE BRIEFING: Ola raises $1.1 bn from Tencent, SoftBank
Source: EPAPER.LIVEMINT.COM

India’s largest cab-hailing service Ola (ANI Technologies Pvt. Ltd) has raised $1.1 billion in fresh funding from China’s Tencent Holdings Ltd and existing investor SoftBank Group Corp. of Japan, giving it enough ammunition to keep arch-rival Uber...

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