Ride-haling platform Ola on Tuesday confirmed an investment of ₹650 crore ($92 million) from Sachin Bansal, a co-founder of Flipkart.
This investment is a part of Ola’s larger Series-J funding round and is in Bansal’s personal capacity as an investor.
“Ola has emerged a global force in the mobility space and continues to build deeper for Indians through their platform,” said Bansal.
BusinessLine had earlier reported that Bansal had invested ₹650 crore into Ola as part of its Series-J funding round.
“We are thrilled to have Sachin onboard Ola as an investor. Sachin’s experience of building one of India’s most respected businesses ground up, is unparalleled,” said Bhavish Aggarwal, Co-founder & CEO, Ola.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.