Ola Raises $400mn In Series E Led by DST Global; $100mn For Growth Of TaxiForSure

$100mn earmarked towards fueling expansion & growth of TaxiForSure

Ola has confirmed its Series E round of funding of $400mn led by DST Global with participation from GIC, Falcon Edge Capital and existing investors SoftBank Group, Tiger Global, Steadview Capital and Accel Partners US. Ola_Cabs_logo
Out of $400mn raised, $100mn is earmarked towards fueling expansion & growth of TaxiForSure.
Ola has expanded to 100 cities in the current year from 10 cities a year ago; this growth has been further accelerated with the acquisition of TaxiForSure, India’s second largest cab aggregator in March 2015.
Ola recently launched OlaCafé, which is currently available in beta across 4 cities.

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