Ola raises $500 Mn from the Singapore govt’s investment fund Temasek and Warburg Pincus

Ola raises $500 Mn from the Singapore govt’s investment fund Temasek and Warburg Pincus

This is amongst the largest investments in the Indian consumer internet space by these funds

Temasek, which poured $225 Million in 2018, is the mobility giant’s existing investor

Ola offers services across 250 cities in India, UK, Australia and New Zealand

Excluding the current funding, Ola had raised $3.8 Billion over 25 rounds

Ola announced its IPO decision last year

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