Ola in talks with Naspers to raise funds at $8 billion valuation

Here’s the summarized information based on the provided details about Ola’s fundraising activities:

Investment Details

• Startup: Ola
• Founders: Bhavish Agarwal
• Funding Series:
  • Current fundraising: $1 billion
  • Recent: $50 million
  • Additional: ₹50 crore (approximately $7 million)

Funding Investors

• Primary Investors in Current Round:

  • Naspers LLC (in talks)
  • Temasek Holdings (in talks)
  • Sachin Bansal (planned investment)
  • Steadview Capital (existing investor looking to increase stake)
• Recent Investors:
  • Sailing Capital (SC)
  • China-Eurasian Economic Cooperation Fund (CEECF)
  • ANI Technologies (parent entity raising funds)

Valuation Details

• Current Valuation: $4.3 billion
• Proposed Valuation for Next Round: $8 billion

Key Dates

• Recent Fundraising Date: Unknown specific date but noted as having occurred recently.
• Future Plans for Profitability: Expected by the end of 2019.

Additional Information

• Current Market Position: Ola is expanding internationally, having begun operations in Australia, New Zealand, UK, and Netherlands.
• Daily Rides: Approximately 2 million rides.

This overview highlights the key players involved in Ola’s fundraising efforts and the company’s current status in the market.

Source link

2018-09-24 00:26:22