PE Fund Investments
Ride hailing app Ola raises Rs.150-Cr from Axis Growth Fund, Arrow Multi in Series J
Bengaluru-based ride hailing company Ola has raised another tranche in its ongoing Series J round from Axis Growth Avenues AIF and Arrow Multi-Asset Fund. It has approved the allotment of 66,268 Series J1 preference shares at an issue price of INR 22,635 apiece to raise INR 150 crore. Axis Growth Avenues AIF has invested INR 112.5 crore whereas Arrow Multi has put in INR 37.5 crore in this tranche. The fresh fund appears to be a part of the pre-IPO round for Ola as the company is planning to go public this year.
From the Venture Intelligence PE-VC Deal Database: Between Apr-12 and Dec-21, Ola Cabs has raised $3.4 Billion from Edelweiss Private Equity, IIFL VC, Temasek, Warburg Pincus, Hyundai, Mirae Asset Global Investments, Sachin Bansal, Steadview Capital, Sailing Capital, Tekne Capital Management, UC-RNT Fund, Tencent, Alpha Wave Global, SoftBank Corp, Baillie Gifford, DST Global, Tiger Global, GIC, Arun Sarin Family, Accel USA, Blume Ventures, Bessemer, Accel India, Helion Ventures, Matrix Partners India, and others. Some investors have made partial exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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