Tiger, Matrix lead $56m round for EV spin-out of India's Ola
Tiger Global Management and Matrix Partners India have co-led a INR4 billion ($56.3 million) investment in an independent electric vehicle (EV) company spun out from Indian ride-hailing platform Ola.
Both Tiger and Matrix India are existing early-stage investors in Ola, having first backed the company in 2012 and 2013, respectively. Ola is considered India’s third largest internet start-up behind...
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