India's Ola raises $104m
Indian ride-hailing operator Ola has raised INR6.7 billion ($104 million) from Falcon Edge Capital and RNT Capital Advisors, a VC fund backed by Ratan Tata, chairman emeritus of the company that controls Tata Group.
Falcon Edge committed INR4 billion to the company while RNT Capital invested INR2.7 billioon, according to local media reports citing documents filed with India’s Registrar of Companies. Ola’s parent...
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