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Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
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Ola Electric IPO Gets SEBI Nod, Listing Likely In Less Than A Month
The Securities and Exchange Board of India has given the Bhavish Aggarwal-led company approval to launch an IPO to raise as much as Rs 7,250 crore (about $850 million), people aware of the matter told NDTV Profit on the condition of anonymity.
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Ola Electric Founder's AI Startup Krutrim Becomes India's First AI Unicorn
Krutrim has gained unicorn status as the AI startup founded by serial entrepreneur Bhavish Aggarwal secured $50 million in funding from investors including Matrix Partners India. It is the first AI startup to gain a billion-dollar valuation, a mere month after announcing its first large language model (LLM).
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Former Coinbase Executives Gather $5.3 Million Focussed on Blockchain Node Operations, Details Here
Former Coinbase executives Ola Muse and Karthik Kalyanaraman have raised $5.3 million (roughly Rs. 43 crore) for their Web3 firm, Scale3. The company aims to use this funding to simplify the maintenance and monitoring of blockchain nodes, that would make the operations of decentralised networks reliable and scalable. In addition, finetuning these n...
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BluSmart Close to Raising $250 Million From Investors Including BP Ventures, CEO Says
Ride hailing firm BluSmart is close to raising $250 million (roughly Rs. 2.000 crore) in funding and is expecting to finalise deals with impact funds and private equity investors within the next two months, according to the company’s CEO. The funds will come from BP Ventures, the venture capital arm of BP and global investors based out of the US ...
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Ola Lays Off Nearly 500 Employees Amid Funding Issues - Report
Ola has reportedly laid off nearly 500 employees on a performance basis across various departments and limited their operations because of ongoing funding issues.
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Ola Electric Raises A Fresh Investment Of $200 Million, Raises Valuation To $5 Billion
Ola Electric's fresh investment of $200 million comes from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, which has further increased the company's valuation at $5 billion.
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SoftBank Group-Backed Ola Electric Raises Over $200 Million: Report
The company's Ola Electric unit aims to develop motorbikes, scooters and cars with the new funds, the company said.
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Ola Electric Raises over $200 Million In Funding At A Valuation Of $3 Billion
Ola Electric, the EV arm of ride-sharing app Ola Cabs, has announced raising more than $200 million, or Rs.1,486 crore, in the latest round of funding led by Falcon Edge, Softbank and other investors.
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Ola Electric Looking To Raise Funds Worth $1 Billion
Ola Electric is looking to raise funds worth $1 billion from strategic and financial investors, according to a report from Hindustan Times.
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Coronavirus: Ola Helps Over 55,000 Families Through 'Drive The Driver' Fund During COVID Crisis
Ola Foundation, the social welfare arm of the ride-hailing service provider, has come out with a report detailing the impact its 'Drive The Driver' fund has created in India. The special fund was created to help its driver-partners during the COVID-19 pandemic, and the company says that so far it has helped 55,918 families, enabled 9.3 million meal...
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Coronavirus: Ola Contributes Rs. 50 Lakh To Tamil Nadu CM Relief Fund
Ola has already pledged Rs. 8 crore to CM relief funds of various states as well as the PM Cares fund to aid the fight against Coronavirus.
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Coronavirus Lockdown: Ola Contributes Rs. 50 Lakh To Haryana Chief Minister's Fund
The fund will be utilised to enable aid at the ground level alongwith strengthening emergency response and also facilitating long term relief and recovery initiatives form the novel coronavirus.
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Ola Donates Rs. 8 Crore In Coronavirus Relief Funds
The cab aggregator has pledged a sum of Rs. 5 crore to PM CARES and 3 crore to various state governments in a bid to fight the pandemic.
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Coronavirus Pandemic: Ola Offers 500 Cabs To Transport Doctors In Karnataka
Ola Cabs has offered 500 of its vehicles to the Karnataka government for transporting doctors for Coronavirus-related activities. Karnataka's deputy Chief Minister Dr. CN Ashwathnarayan confirmed the development in a tweet online. Ola's services will be available in the districts of Bangalore, Mysore, Mangalore, Hubli-Dharwad and Belagavi, and the ...
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Ola Electric to Launch IPO on August 2, Valuation Said to Be at Around $4.4 Billion
Ola Electric's IPO will open for retail subscription on August 2, the EV maker has confirmed via a regulatory filing. The stock offering is set to value the company between $4.2 billion to $4.4 billion, about 18.5% to 22% lower than in its last funding round in September, two people familiar with the matter told Reuters.
-
Ola Electric IPO Gets SEBI Nod, Listing Likely In Less Than A Month
The Securities and Exchange Board of India has given the Bhavish Aggarwal-led company approval to launch an IPO to raise as much as Rs 7,250 crore (about $850 million), people aware of the matter told NDTV Profit on the condition of anonymity.
-
Ola Electric Founder's AI Startup Krutrim Becomes India's First AI Unicorn
Krutrim has gained unicorn status as the AI startup founded by serial entrepreneur Bhavish Aggarwal secured $50 million in funding from investors including Matrix Partners India. It is the first AI startup to gain a billion-dollar valuation, a mere month after announcing its first large language model (LLM).
-
Former Coinbase Executives Gather $5.3 Million Focussed on Blockchain Node Operations, Details Here
Former Coinbase executives Ola Muse and Karthik Kalyanaraman have raised $5.3 million (roughly Rs. 43 crore) for their Web3 firm, Scale3. The company aims to use this funding to simplify the maintenance and monitoring of blockchain nodes, that would make the operations of decentralised networks reliable and scalable. In addition, finetuning these n...
-
BluSmart Close to Raising $250 Million From Investors Including BP Ventures, CEO Says
Ride hailing firm BluSmart is close to raising $250 million (roughly Rs. 2.000 crore) in funding and is expecting to finalise deals with impact funds and private equity investors within the next two months, according to the company’s CEO. The funds will come from BP Ventures, the venture capital arm of BP and global investors based out of the US ...
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Ola Lays Off Nearly 500 Employees Amid Funding Issues - Report
Ola has reportedly laid off nearly 500 employees on a performance basis across various departments and limited their operations because of ongoing funding issues.
-
Ola Electric Raises A Fresh Investment Of $200 Million, Raises Valuation To $5 Billion
Ola Electric's fresh investment of $200 million comes from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, which has further increased the company's valuation at $5 billion.
-
SoftBank Group-Backed Ola Electric Raises Over $200 Million: Report
The company's Ola Electric unit aims to develop motorbikes, scooters and cars with the new funds, the company said.
-
Ola Electric Raises over $200 Million In Funding At A Valuation Of $3 Billion
Ola Electric, the EV arm of ride-sharing app Ola Cabs, has announced raising more than $200 million, or Rs.1,486 crore, in the latest round of funding led by Falcon Edge, Softbank and other investors.
-
Ola Electric Looking To Raise Funds Worth $1 Billion
Ola Electric is looking to raise funds worth $1 billion from strategic and financial investors, according to a report from Hindustan Times.
-
Coronavirus: Ola Helps Over 55,000 Families Through 'Drive The Driver' Fund During COVID Crisis
Ola Foundation, the social welfare arm of the ride-hailing service provider, has come out with a report detailing the impact its 'Drive The Driver' fund has created in India. The special fund was created to help its driver-partners during the COVID-19 pandemic, and the company says that so far it has helped 55,918 families, enabled 9.3 million meal...
-
Coronavirus: Ola Contributes Rs. 50 Lakh To Tamil Nadu CM Relief Fund
Ola has already pledged Rs. 8 crore to CM relief funds of various states as well as the PM Cares fund to aid the fight against Coronavirus.
-
Coronavirus Lockdown: Ola Contributes Rs. 50 Lakh To Haryana Chief Minister's Fund
The fund will be utilised to enable aid at the ground level alongwith strengthening emergency response and also facilitating long term relief and recovery initiatives form the novel coronavirus.
-
Ola Donates Rs. 8 Crore In Coronavirus Relief Funds
The cab aggregator has pledged a sum of Rs. 5 crore to PM CARES and 3 crore to various state governments in a bid to fight the pandemic.
-
Coronavirus Pandemic: Ola Offers 500 Cabs To Transport Doctors In Karnataka
Ola Cabs has offered 500 of its vehicles to the Karnataka government for transporting doctors for Coronavirus-related activities. Karnataka's deputy Chief Minister Dr. CN Ashwathnarayan confirmed the development in a tweet online. Ola's services will be available in the districts of Bangalore, Mysore, Mangalore, Hubli-Dharwad and Belagavi, and the ...
