Private Equity

Other Private Equity/Strategic Investments

IIFL, Edelweiss, Warburg, SoftBank may invest in Ola's pre-IPO round at $7-B valuation

Economic Times  

IPO-bound ride hailer Ola is finalising a pre-IPO financing round which is likely to be led by IIFL Wealth Management and Edelweiss Private Equity, at a valuation of USD 7 billion. Existing investors such as private equity fund Warburg Pincus and Japan's SoftBank are also likely to participate in the fundraise, which could be in the range of USD 250-500 million. In July, Ola's existing investors, including Tiger Global and Matrix Partners India, along with a bunch of angels sold shares worth USD 500 million to Warburg Pincus and the Singapore government's Temasek in a secondary transaction. The deal valued the Bengaluru-based company at around USD 3.5 billion.