Markets likely to remain volatile on global concerns
Investors are closely monitoring Q4 earnings and geopolitical events, which are poised to shape market direction, says Vinod Nair, Head of Research at Geojit Financial Services.
Leading cab rider Ola on Wednesday said it raised $1.1 billion (Rs.7,150 crore) in latest funding round from venture firms led by Tencent Holdings Ltd, a leading Chinese internet firm.
“Our investors like SoftBank and other US-based financial investors have participated in this round of funding,” said the company in a statement here.
Ola is also in talks with other investors to raise an additional $1 billion with new and existing investors.
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Ola operates in 110 cities across the country using cars, auto-rickshaws, bikes and vehicles equipped with connected car platform for ride-sharing.
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