Steadview, Sequoia lead $41m round for India’s Olacabs
Indian online taxi-booking and car rental platform Olacabs has raised INR2.5 billion ($41.8 million) through a Series C round of funding led by Sequoia Capital and Hong Kong-based hedge fund Steadview Capital.
Existing investors Matrix Partners India and Tiger Global Management also participated. Ola will use the new capital to expand its operations into new markets, although INR1 billion has been earmarked...
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