Indian ride-hailing app Ola has raised a $50 million round of funding from Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF), a vehicle backed by the Chinese government to support the One Belt One Road (OBOR) initiative.
The round values Ola at around $4.3 billion, according to filings with India’s Registrar of Companies cited by various media sources. The investors will have a combined stake in the company of just over...
Kotak Mahindra Group hopes his longstanding experience in financial services will serve as a differentiator as it looks for deals in India's increasingly popular distressed space
Conservative sovereign wealth investors are increasingly comfortable making direct commitments to venture-oriented technology companies. The strategy appears to suit them but remains to be validated
01VC has secured institutional LP support for its second fund, which closed at $100 million. The early-stage investor plans to deploy it across industrial and enterprise deals in China and Southeast Asia