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Ola Raises $50 Mn From Two New Chinese Investors
Cab-hailing app Ola, run by ANI Technologies Pvt. Ltd, has raised $50 million (around Rs 360 crore) from two new Chinese investors in a fresh round of funding. The investors are Hong Kong-based Sailing Capital and China-Eurasian Economic Co-operation Fund. The two firms invested via Autofortune1 Ltd and Odyssey Bravery Ltd, which are registered in the British Virgin islands, Ola's filings with the Registrar of Companies (RoC) show. Sailing Capital was set up in 2012 as a private equity fund ... Full investment news article
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Ola Raises $50m At A $4.3B Valuation From Two Chinese Funds – Techcrunch
Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperation Fund (CEECF), a state-backed Chinese fund. The funding was disclosed in regulatory documents sourced by Paper.vc and reviewed by Indian financial publication Mint. […] Full investment news article
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