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Ratan Tata invests in taxi company Ola Ratan Tata invests in taxi company Ola

Jul-02-2015 | 0 Comments

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BENGALURU: Ratan Tata, chairman emeritus of Tata Sons, has invested in taxi firm Ola in his personal capacity.

He has previously invested in over 10 firms, including Snapdeal, Paytm, Urban Ladder, CarDekho, Xiaomi and Kaaryah.

Bhavish Aggarwal, CEO and cofounder, Ola, said Tata's investment was "a huge endorsement from one of the most respected business leaders of our times and reflects Ola's commitment towards the future of mobility in India".


Ola, which competes in India with San Francisco-based Uber, has to date raised about $675 million from investors that include SoftBank, DST Global, Tiger Global, Steadview Capital, and Accel Partners. In March, it acquired rival TaxiForSure for $200 million.

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