Ola secures Rs. 670 crore in funding from Falcon Edge, Ratan Tata

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Homegrown cab aggregator Ola has raised $100 million (Rs 670 crore) in the latest round of funding. Investors in the latest round of funding comes from Falcon Edge Capital and Ratan Tata’s UC-RNT capital, a joint venture between Tata and and the University of California Investments, according to documents filed with the Registrar of Companies on May 2.
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Ola secures $100 million in funding from Falcon Edge, valuation hits $5 billion

Ola has secured $100 million (Rs. 630 Cr) in latest round of funding from Falcon Edge, as per a TOI report. The online taxi aggregator has now reached a valuation of $5 billion.

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