Private Equity

Ola Raises $50m At A $4.3B Valuation From Two Chinese Funds – Techcrunch

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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 and reviewed by Indian financial publication Mint. […]

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